Bitfarms (NASDAQ:BITF – Get Free Report) and Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) are both small-cap business services companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk.
Insider and Institutional Ownership
20.6% of Bitfarms shares are owned by institutional investors. Comparatively, 22.3% of Bitdeer Technologies Group shares are owned by institutional investors. 9.5% of Bitfarms shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares Bitfarms and Bitdeer Technologies Group’s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitfarms | $146.37 million | 6.01 | -$104.04 million | ($0.38) | -5.11 |
| Bitdeer Technologies Group | $368.55 million | 1.74 | -$56.66 million | ($0.41) | -13.95 |
Risk & Volatility
Bitfarms has a beta of 3.64, indicating that its stock price is 264% more volatile than the S&P 500. Comparatively, Bitdeer Technologies Group has a beta of 1.91, indicating that its stock price is 91% more volatile than the S&P 500.
Profitability
This table compares Bitfarms and Bitdeer Technologies Group’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitfarms | -62.79% | -18.94% | -16.08% |
| Bitdeer Technologies Group | -5.69% | -2.56% | -1.40% |
Analyst Recommendations
This is a summary of current ratings and price targets for Bitfarms and Bitdeer Technologies Group, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitfarms | 0 | 1 | 4 | 0 | 2.80 |
| Bitdeer Technologies Group | 0 | 0 | 8 | 0 | 3.00 |
Bitfarms presently has a consensus target price of $3.66, indicating a potential upside of 88.66%. Bitdeer Technologies Group has a consensus target price of $14.00, indicating a potential upside of 144.76%. Given Bitdeer Technologies Group’s stronger consensus rating and higher probable upside, analysts plainly believe Bitdeer Technologies Group is more favorable than Bitfarms.
Summary
Bitdeer Technologies Group beats Bitfarms on 9 of the 14 factors compared between the two stocks.
About Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
About Bitdeer Technologies Group
Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.
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