Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) and Bitfarms (NASDAQ:BITF – Get Free Report) 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 dividends, analyst recommendations, institutional ownership, risk, profitability, earnings and valuation.
Profitability
This table compares Bitdeer Technologies Group and Bitfarms’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitdeer Technologies Group | -5.69% | -2.56% | -1.40% |
| Bitfarms | -62.79% | -18.94% | -16.08% |
Insider and Institutional Ownership
22.3% of Bitdeer Technologies Group shares are held by institutional investors. Comparatively, 20.6% of Bitfarms shares are held by institutional investors. 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 stock is poised for long-term growth.
Analyst Recommendations
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitdeer Technologies Group | 0 | 0 | 8 | 0 | 3.00 |
| Bitfarms | 0 | 1 | 4 | 0 | 2.80 |
Bitdeer Technologies Group currently has a consensus price target of $14.00, indicating a potential upside of 105.88%. Bitfarms has a consensus price target of $3.66, indicating a potential upside of 80.30%. Given Bitdeer Technologies Group’s stronger consensus rating and higher possible upside, equities analysts clearly believe Bitdeer Technologies Group is more favorable than Bitfarms.
Valuation & Earnings
This table compares Bitdeer Technologies Group and Bitfarms”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitdeer Technologies Group | $420.89 million | 1.81 | -$56.66 million | ($0.41) | -16.59 |
| Bitfarms | $172.70 million | 4.81 | -$104.04 million | ($0.38) | -5.34 |
Bitdeer Technologies Group has higher revenue and earnings than Bitfarms. Bitdeer Technologies Group is trading at a lower price-to-earnings ratio than Bitfarms, indicating that it is currently the more affordable of the two stocks.
Volatility & Risk
Bitdeer Technologies Group has a beta of 1.9, meaning that its share price is 90% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.64, meaning that its share price is 264% more volatile than the S&P 500.
Summary
Bitdeer Technologies Group beats Bitfarms on 9 of the 14 factors compared between the two stocks.
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.
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.
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