Bit Digital (BTBT) Competitors

Bitfarms (NASDAQ:BITF) and Bit Digital (NASDAQ:BTBT) are both small-cap business services companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, media sentiment, risk and dividends.

Do insiders & institutionals hold more shares of BITF or BTBT?

20.6% of Bitfarms shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 9.5% of Bitfarms shares are held by insiders. Comparatively, 1.8% of Bit Digital shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Which has more risk and volatility, BITF or BTBT?

Bitfarms has a beta of 3.73, suggesting that its share price is 273% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.77, suggesting that its share price is 377% more volatile than the S&P 500.

Do analysts recommend BITF or BTBT?

Bitfarms presently has a consensus price target of $3.69, suggesting a potential upside of 6.58%. Bit Digital has a consensus price target of $6.33, suggesting a potential upside of 67.55%. Given Bit Digital's stronger consensus rating and higher probable upside, analysts plainly believe Bit Digital is more favorable than Bitfarms.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitfarms	1 Sell rating(s)	0 Hold rating(s)	5 Buy rating(s)	0 Strong Buy rating(s)	2.67
Bit Digital	1 Sell rating(s)	0 Hold rating(s)	2 Buy rating(s)	1 Strong Buy rating(s)	2.75

Is BITF or BTBT more profitable?

Bitfarms has a net margin of -35.09% compared to Bit Digital's net margin of -52.86%. Bitfarms' return on equity of -9.86% beat Bit Digital's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Bitfarms	-35.09%	-9.86%	-8.44%
Bit Digital	-52.86%	-9.90%	-8.36%

Which has preferable earnings and valuation, BITF or BTBT?

Bit Digital has lower revenue, but higher earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bitfarms	$245.66M	7.92	-$95.59M	-$0.17	-20.35
Bit Digital	$108.05M	11.24	$28.31M	-$0.31	-12.19

Does the media prefer BITF or BTBT?

In the previous week, Bit Digital had 6 more articles in the media than Bitfarms. MarketBeat recorded 14 mentions for Bit Digital and 8 mentions for Bitfarms. Bitfarms' average media sentiment score of 0.77 beat Bit Digital's score of 0.61 indicating that Bitfarms is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Bitfarms	3 Very Positive mention(s)	3 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Bit Digital	7 Very Positive mention(s)	1 Positive mention(s)	5 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Summary

Bit Digital beats Bitfarms on 10 of the 17 factors compared between the two stocks.