Bit Digital (BTBT) Competitors

Bit Digital (NASDAQ:BTBT) and Bitfarms (NASDAQ:BITF) 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 dividends, institutional ownership, valuation, risk, analyst recommendations, media sentiment, earnings and profitability.

Which has higher earnings & valuation, BTBT or BITF?

Bit Digital has higher earnings, but lower revenue 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
Bit Digital	$108.05M	8.67	$28.31M	-$0.31	-9.40
Bitfarms	$192.88M	7.71	-$94.55M	-$0.17	-15.74

Is BTBT or BITF 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
Bit Digital	-52.86%	-9.90%	-8.36%
Bitfarms	-35.09%	-9.86%	-8.44%

Which has more risk & volatility, BTBT or BITF?

Bit Digital has a beta of 4.77, suggesting that its share price is 377% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.5, suggesting that its share price is 250% more volatile than the S&P 500.

Do analysts prefer BTBT or BITF?

Bit Digital currently has a consensus price target of $6.33, suggesting a potential upside of 117.27%. Bitfarms has a consensus price target of $3.95, suggesting a potential upside of 47.66%. Given Bit Digital's stronger consensus rating and higher probable upside, research analysts plainly believe Bit Digital is more favorable than Bitfarms.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Digital	0 Sell rating(s)	0 Hold rating(s)	2 Buy rating(s)	1 Strong Buy rating(s)	3.33
Bitfarms	0 Sell rating(s)	0 Hold rating(s)	6 Buy rating(s)	0 Strong Buy rating(s)	3.00

Does the media refer more to BTBT or BITF?

In the previous week, Bitfarms had 10 more articles in the media than Bit Digital. MarketBeat recorded 15 mentions for Bitfarms and 5 mentions for Bit Digital. Bit Digital's average media sentiment score of 1.11 beat Bitfarms' score of 0.71 indicating that Bit Digital is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Bit Digital	1 Very Positive mention(s)	2 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Bitfarms	6 Very Positive mention(s)	1 Positive mention(s)	5 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

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

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

Summary

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