Analyzing Bit Digital (NASDAQ:BTBT) and BTC Digital (NASDAQ:BTCT)

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

Insider and Institutional Ownership

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 7.3% of BTC Digital shares are held by institutional investors. 41.3% of Bit Digital shares are held by insiders. Comparatively, 6.8% of BTC Digital shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Valuation & Earnings

This table compares Bit Digital and BTC Digital”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$86.85 million	3.92	-$13.89 million	$0.30	13.77
BTC Digital	$6.77 million	0.51	-$2.82 million	N/A	N/A

BTC Digital has lower revenue, but higher earnings than Bit Digital.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Bit Digital	33.30%	-1.48%	-1.28%
BTC Digital	N/A	N/A	N/A

Analyst Ratings

This is a breakdown of current ratings and price targets for Bit Digital and BTC Digital, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Digital	0	0	2	0	3.00
BTC Digital	0	0	0	0	N/A

Bit Digital presently has a consensus target price of $6.50, suggesting a potential upside of 57.38%. Given Bit Digital’s higher possible upside, analysts plainly believe Bit Digital is more favorable than BTC Digital.

Risk & Volatility

Bit Digital has a beta of 4.79, meaning that its stock price is 379% more volatile than the S&P 500. Comparatively, BTC Digital has a beta of -0.07, meaning that its stock price is 107% less volatile than the S&P 500.

Summary

Bit Digital beats BTC Digital on 8 of the 11 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 BTC Digital

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.