Bit Digital (NASDAQ:BTBT – Get Free Report) and Digi Power X (NASDAQ:DGXX – Get Free Report) are both small-cap technology companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.
Institutional & Insider Ownership
47.7% of Bit Digital shares are held by institutional investors. Comparatively, 1.9% of Digi Power X shares are held by institutional investors. 2.0% of Bit Digital shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Analyst Recommendations
This is a breakdown of current recommendations and price targets for Bit Digital and Digi Power X, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bit Digital | 1 | 1 | 4 | 1 | 2.71 |
| Digi Power X | 1 | 0 | 2 | 0 | 2.33 |
Risk and Volatility
Bit Digital has a beta of 3.84, meaning that its stock price is 284% more volatile than the S&P 500. Comparatively, Digi Power X has a beta of 6.24, meaning that its stock price is 524% more volatile than the S&P 500.
Valuation and Earnings
This table compares Bit Digital and Digi Power X”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bit Digital | $122.84 million | 3.64 | -$80.32 million | ($1.06) | -1.17 |
| Digi Power X | $34.19 million | 8.96 | -$28.36 million | ($0.54) | -5.59 |
Digi Power X has lower revenue, but higher earnings than Bit Digital. Digi Power X is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Bit Digital and Digi Power X’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bit Digital | -237.19% | -10.66% | -6.81% |
| Digi Power X | -116.79% | -26.75% | -24.92% |
Summary
Bit Digital beats Digi Power X on 10 of the 15 factors compared between the two stocks.
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.
About Digi Power X
Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.
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