Financial Contrast: Coinbase Global (NASDAQ:COIN) versus Griid Infrastructure (NASDAQ:GRDI)

Griid Infrastructure (NASDAQ:GRDI) and Coinbase Global (NASDAQ:COIN) are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, risk and profitability.

Profitability

This table compares Griid Infrastructure and Coinbase Global’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Griid Infrastructure	N/A	-44.60%	51.28%
Coinbase Global	29.76%	14.81%	0.41%

Insider and Institutional Ownership

77.8% of Griid Infrastructure shares are owned by institutional investors. Comparatively, 68.8% of Coinbase Global shares are owned by institutional investors. 0.3% of Griid Infrastructure shares are owned by insiders. Comparatively, 23.4% of Coinbase Global shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations for Griid Infrastructure and Coinbase Global, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Griid Infrastructure	0	0	0	0	0.00
Coinbase Global	1	9	10	0	2.45

Coinbase Global has a consensus target price of $246.28, suggesting a potential downside of 3.64%. Given Coinbase Global’s stronger consensus rating and higher probable upside, analysts plainly believe Coinbase Global is more favorable than Griid Infrastructure.

Earnings & Valuation

This table compares Griid Infrastructure and Coinbase Global”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Griid Infrastructure	$19.62 million	0.44	-$18.66 million	N/A	N/A
Coinbase Global	$3.11 billion	20.43	$94.87 million	$5.86	43.61

Coinbase Global has higher revenue and earnings than Griid Infrastructure.

Volatility and Risk

Griid Infrastructure has a beta of -0.39, meaning that its share price is 139% less volatile than the S&P 500. Comparatively, Coinbase Global has a beta of 3.34, meaning that its share price is 234% more volatile than the S&P 500.

Summary

Coinbase Global beats Griid Infrastructure on 10 of the 12 factors compared between the two stocks.

About Griid Infrastructure

Griid Infrastructure Inc. operates as a vertically integrated bitcoin mining company in North America. The company owns and operates a portfolio of energy infrastructure and data centers. It also engages in bitcoin mining operation, which operates specialized computers that generate cryptocurrency. The company was founded in 2018 and is based in Cincinnati, Ohio.

About Coinbase Global

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.