Blockchain is a groundbreaking technology that is rapidly gaining traction across a wide range of sectors.It is a digital ledger of transactions that are stored in a distributed, secure, and immutable manner. It is frequently referred to as the cryptocurrency's backbone, although its potential uses extend well beyond financial transactions.

According to Grand View Research, the worldwide blockchain technology industry was valued at $5.92 billion in 2021 and is expected to expand at a compound annual growth rate of 85.9% from 2022 to 2030, reaching a value of $1.43 trillion by 2030.

Here are four stocks involved in the blockchain sector that are starting off 2023 with some momentum behind them.

Epazz, Inc. (OTC: EPAZ) is a leading provider of cloud-based business solutions, blockchain technologies, cryptocurrency apps, and metaverse infrastructure.

Epazz, Inc.'s proprietary software, BoxesOSv. 3.0, applies drone and blockchain technology to help farmers raise crop yields and predict future crop production. EPAZ’s proprietary CryObo Technology enables farmers to raise capital on future terms via anticipation of future crop yields periodically through ZenaDrone aerial data and blockchain, enabling accurate forecasts of future crop production.

By using a drone to scan the fields and record the accurate and actual health of the crops, farms can then project the future harvest, and Epazz’s CryObo software data can then permit farmers to sell the future harvest of the crops, or even tokenize the crops, to allow farmers to earn extra capital.

This solution offers a win-win for farmers, crop production, and investors alike. By using accurate drone and blockchain data, farmers are then able to sell, in advance, the crops they are raising.

EPAZ enables farm owners, plantation associations, and agricultural business investors to meet general market demand and offset growing food shortages at the same time. According to the company, it creates sustainable energy sources by developing a cooling technology to control the temperature of underground servers.

“We are exploring new sources of revenue for CryObo technology using drones and blockchain technology," says Shaun Passley, Ph.D., CEO and Chairman of Epazz, Inc. He adds that Epazz is integrating its ZenaDrone technology with the CryObo tokenization system to expand access to farm investing.

Epazz Inc. has started the year off strong, Investors looking to dip their toes in a diversified blockchain stock should look no further than EPAZ

Marathon Digital Holdings (NASDAQ: MARA), a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem. MARA is currently in the process of becoming one of the largest and most sustainably powered Bitcoin mining operations in North America, all while remaining asset light.

Last week, MARA released updates for December 2022, detailing the company's year-end highlights as well as some more goals and opportunities for the future. Marathon Chairman and CEO, Fred Thiel, said, “In 2022, we made significant progress in increasing our hash rate while also transitioning to more sustainable power sources...  "We finished the year with one of our most productive quarters to date, producing 1,562 bitcoin in the fourth quarter.”

As for the year ahead, MARA is looking to continue to scale and grow into a larger Bitcoin mining operation through continual advances in mining efficiency. Thiel stated, “As we enter 2023, we remain confident in our ability to scale Marathon into one of the largest and most energy-efficient Bitcoin mining operations globally." "We have thousands of miners ready to be energized over the coming months, which we expect to more than triple our current production capacity to approximately 23 exahashes by mid-year.”

With a solid first week of 2023, look for this stock to continue its strong performance, making it one that should be on any investor's shortlist.

Digihost Technology, Inc. (NASDAQ: DGHI) is a block chain technology company that engages in crypto currency mining. It focuses on validation through mining, hosting solutions, and blockchain software solutions.  

DGHI focuses on its network development, hosting, and mining operations, which are supported by renewable and sustainable energy. 90% of the energy consumed by DGHI comes from sources that create zero carbon emissions, while 50% of the energy consumed is generated from renewable energy sources.

In a year-end update released last week, the company reported that it had mined approximately 832 BTC during 2022. According to DGHI, this was a 60% increase from the 2021 production of BTC at 521 BTC produced.

When compared year over year, DGHI mined an additional 18.24 BTC during the fourth quarter of 2022 compared to the fourth quarter of 2021, representing a quarterly increase of 11%.

In October, the NASDAQ stock exchange sent a warning notification to Digihost regarding its share price. The notification stated that DGHI has 180 business days (until April 10, 2023) to get its share price back in compliance with the $0.55 mark on the NASDAQ exchange.

While this stock remains in an interesting situation, investors seem to have taken an interest in DGHI recently, as the stock has seen some solid momentum to start 2023.

Riot Platforms, Inc. (NASDAQ: RIOT) is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has bitcoin mining data center operations in central Texas, bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado. 

On January 3, 2023, Riot announced the rebranding of Riot Blockchain, Inc. to Riot Platforms, Inc., to better reflect the company’s growth strategy to continue expanding its increasingly diversified business operations. 

The stock has garnered investor interest in 2023, potentially because of the recent release of their December 2022 production data. In December 2022, Riot produced 659 BTC, an increase of approximately 55% as compared to its December 2021 production of 425 BTC.

Riot has certainly proved its potential to expand in the BTC mining business, and investors are taking note, with RIOT posting consistent increases until 2023.

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