Head-To-Head Analysis: Gryphon Digital Mining (NASDAQ:GRYP) and Bit Digital (NASDAQ:BTBT)

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

Analyst Ratings

This is a breakdown of current recommendations for Bit Digital and Gryphon Digital Mining, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Digital	0	0	2	1	3.33
Gryphon Digital Mining	0	1	0	0	2.00

Bit Digital presently has a consensus target price of $6.33, indicating a potential upside of 69.34%. Given Bit Digital’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Bit Digital is more favorable than Gryphon Digital Mining.

Risk and Volatility

Bit Digital has a beta of 4.79, indicating that its share price is 379% more volatile than the S&P 500. Comparatively, Gryphon Digital Mining has a beta of 2.45, indicating that its share price is 145% more volatile than the S&P 500.

Valuation and Earnings

This table compares Bit Digital and Gryphon Digital Mining”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$44.92 million	N/A	-$13.89 million	$0.06	62.33
Gryphon Digital Mining	$6.84 million	4.77	-$11.58 million	N/A	N/A

Gryphon Digital Mining has lower revenue, but higher earnings than Bit Digital.

Profitability

This table compares Bit Digital and Gryphon Digital Mining’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bit Digital	-2.75%	-5.69%	-4.82%
Gryphon Digital Mining	N/A	N/A	-133.06%

Insider & Institutional Ownership

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 10.2% of Gryphon Digital Mining shares are owned by institutional investors. 41.3% of Bit Digital shares are owned by company insiders. Comparatively, 11.7% of Gryphon Digital Mining shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

Bit Digital beats Gryphon Digital Mining on 9 of the 12 factors compared between the two stocks.

About Bit Digital

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.

About Gryphon Digital Mining

Gryphon Digital Mining, Inc. operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.