Contrasting Gryphon Digital Mining (NASDAQ:GRYP) & Bit Digital (NASDAQ:BTBT)

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

Analyst Recommendations

This is a summary of current ratings and price targets for Gryphon Digital Mining and Bit Digital, as provided by MarketBeat.com.

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

Bit Digital has a consensus price target of $6.33, indicating a potential upside of 57.15%. Given Bit Digital’s stronger consensus rating and higher possible upside, analysts clearly believe Bit Digital is more favorable than Gryphon Digital Mining.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Gryphon Digital Mining	N/A	N/A	-133.06%
Bit Digital	33.30%	-1.48%	-1.28%

Institutional & Insider Ownership

10.2% of Gryphon Digital Mining shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 11.7% of Gryphon Digital Mining shares are held by company insiders. Comparatively, 41.3% of Bit Digital shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares Gryphon Digital Mining and Bit Digital”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Gryphon Digital Mining	$6.84 million	5.48	-$11.58 million	N/A	N/A
Bit Digital	$86.85 million	3.83	-$13.89 million	$0.06	67.17

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

Volatility and Risk

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

Summary

Bit Digital beats Gryphon Digital Mining on 10 of the 13 factors compared between the two stocks.

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.

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.