Bit Digital (BTBT) Competitors

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

Does the media favor BTBT or BITF?

In the previous week, Bit Digital had 9 more articles in the media than Bitfarms. MarketBeat recorded 16 mentions for Bit Digital and 7 mentions for Bitfarms. Bitfarms' average media sentiment score of 0.77 beat Bit Digital's score of 0.65 indicating that Bitfarms is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Bit Digital	6 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Bitfarms	3 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

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%

Do analysts rate BTBT or BITF?

Bit Digital currently has a consensus price target of $6.33, suggesting a potential upside of 113.24%. Bitfarms has a consensus price target of $3.95, suggesting a potential upside of 77.13%. Given Bit Digital's stronger consensus rating and higher possible upside, research analysts clearly 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)	5 Buy rating(s)	0 Strong Buy rating(s)	3.00

Which has higher earnings and 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	8.84	$28.31M	-$0.31	-9.58
Bitfarms	$192.88M	6.43	-$94.55M	-$0.17	-13.12

Which has more risk and volatility, BTBT or BITF?

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

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

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 1.8% of Bit Digital shares are owned by company insiders. Comparatively, 9.5% of Bitfarms shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

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