Analyzing Gryphon Digital Mining (NASDAQ:GRYP) and 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 stock? We will compare the two companies based on the strength of their valuation, earnings, risk, dividends, institutional ownership, analyst recommendations and profitability.

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	-2.75%	-5.69%	-4.82%

Earnings & Valuation

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

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Gryphon Digital Mining	$7.69 million	4.56	-$11.58 million	N/A	N/A
Bit Digital	$98.00 million	3.74	-$13.89 million	$0.06	74.00

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

Analyst Ratings

This is a breakdown of current ratings and recommmendations 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 target price of $6.33, indicating a potential upside of 42.64%. Given Bit Digital’s stronger consensus rating and higher probable upside, analysts clearly believe Bit Digital is more favorable than Gryphon Digital Mining.

Volatility & 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.

Insider & Institutional Ownership

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

Summary

Bit Digital beats Gryphon Digital Mining on 9 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.