Bitfarms (NASDAQ:BITF – Get Free Report) and Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) are both small-cap business services companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, profitability, dividends, analyst recommendations, risk, valuation and institutional ownership.
Insider & Institutional Ownership
20.6% of Bitfarms shares are held by institutional investors. Comparatively, 22.3% of Bitdeer Technologies Group shares are held by institutional investors. 9.5% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Analyst Ratings
This is a breakdown of current ratings and recommmendations for Bitfarms and Bitdeer Technologies Group, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitfarms | 0 | 1 | 4 | 0 | 2.80 |
| Bitdeer Technologies Group | 0 | 0 | 8 | 0 | 3.00 |
Valuation & Earnings
This table compares Bitfarms and Bitdeer Technologies Group”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitfarms | $172.70 million | 4.86 | -$104.04 million | ($0.38) | -5.39 |
| Bitdeer Technologies Group | $420.89 million | 1.89 | -$56.66 million | ($0.41) | -17.34 |
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.
Profitability
This table compares Bitfarms and Bitdeer Technologies Group’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitfarms | -62.79% | -18.94% | -16.08% |
| Bitdeer Technologies Group | -5.69% | -2.56% | -1.40% |
Volatility and Risk
Bitfarms has a beta of 3.64, suggesting that its stock price is 264% more volatile than the S&P 500. Comparatively, Bitdeer Technologies Group has a beta of 1.9, suggesting that its stock price is 90% 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 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.
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.
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