Bitfarms (NASDAQ:BITF – Get Free Report) and MiX Telematics (NYSE:MIXT – Get Free Report) are both technology companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, profitability, analyst recommendations, risk and institutional ownership.
Analyst Recommendations
This is a summary of recent ratings and price targets for Bitfarms and MiX Telematics, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitfarms | 1 | 1 | 5 | 0 | 2.57 |
| MiX Telematics | 0 | 0 | 0 | 0 | 0.00 |
Bitfarms currently has a consensus price target of $4.67, indicating a potential upside of 33.19%. Given Bitfarms’ stronger consensus rating and higher possible upside, equities research analysts clearly believe Bitfarms is more favorable than MiX Telematics.
Valuation and Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitfarms | $229.28 million | 9.23 | -$138.65 million | ($0.23) | -15.26 |
| MiX Telematics | $150.06 million | 2.36 | $4.52 million | $0.25 | 58.20 |
MiX Telematics has lower revenue, but higher earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than MiX Telematics, indicating that it is currently the more affordable of the two stocks.
Risk & Volatility
Bitfarms has a beta of 3.77, meaning that its share price is 277% more volatile than the S&P 500. Comparatively, MiX Telematics has a beta of 1.15, meaning that its share price is 15% more volatile than the S&P 500.
Insider and Institutional Ownership
20.6% of Bitfarms shares are held by institutional investors. Comparatively, 45.7% of MiX Telematics shares are held by institutional investors. 9.5% of Bitfarms shares are held by company insiders. Comparatively, 12.4% of MiX Telematics shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Profitability
This table compares Bitfarms and MiX Telematics’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitfarms | -48.26% | -4.48% | -3.71% |
| MiX Telematics | 3.72% | 8.45% | 5.11% |
Summary
MiX Telematics beats Bitfarms on 8 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 MiX Telematics
MiX Telematics Limited, together with its subsidiaries, provides fleet and mobile asset management solutions through software-as-a-service (SaaS) delivery model. It offers MiX Fleet Manager, a commercial fleet management solution comprising MyMiX, an innovative driver engagement platform; MiX Vision, an on-road and in-vehicle video recording solution; MiX Rovi, an in-vehicle display and communications system; MiX RIBAS and DriveMate, an in-cab driving aid solution; MiX Hours of Service, which allows real-time monitoring and compliance; MiX Journey Management, an easy-to-use electronic alternative to paper-based systems; and MiX OEM Connect allows customer instant, direct integration to relevant, and powerful telematics data. The company provides MiX Asset Manager, asset tracking products including generators, light towers, storage tanks and pumps, and asset management solution for visibility of corporate assets; and Matrix, a suite of mobile asset management solutions for entry-level fleets and consumers, which offers real-time and historical vehicle tracking, and positioning, unauthorized vehicle use alerts, panic emergency response, crash alerts, driver behavior alerts, fuel tax logbooks, and vehicle maintenance notifications. In addition, it offers Beam-e, a crowdsourcing platform to locate vehicles without the expense of utilizing a traditional cellular network connection. The company delivers fleet and mobile asset management solutions as SaaS to 1,001,800 subscribers in South Africa, the Americas, the Middle East, Australia, Europe, and Brazil. MiX Telematics Limited was founded in 1996 and is headquartered in Boca Raton, Florida.
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