Reviewing Bit Origin (NASDAQ:BTOG) & Iris Energy (NASDAQ:IREN)

Bit Origin (NASDAQ:BTOG) and Iris Energy (NASDAQ:IREN) are both small-cap finance companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, valuation, institutional ownership, analyst recommendations, earnings, risk and dividends.

Profitability

This table compares Bit Origin and Iris Energy’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bit Origin	N/A	N/A	N/A
Iris Energy	N/A	N/A	N/A

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Bit Origin and Iris Energy, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Origin	0	0	0	0	N/A
Iris Energy	0	1	8	0	2.89

Iris Energy has a consensus price target of $15.63, indicating a potential upside of 106.68%. Given Iris Energy’s higher probable upside, analysts clearly believe Iris Energy is more favorable than Bit Origin.

Insider & Institutional Ownership

1.1% of Bit Origin shares are owned by institutional investors. Comparatively, 41.1% of Iris Energy shares are owned by institutional investors. 1.1% of Bit Origin shares are owned by insiders. Comparatively, 21.6% of Iris Energy shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Volatility & Risk

Bit Origin has a beta of 1.34, indicating that its share price is 34% more volatile than the S&P 500. Comparatively, Iris Energy has a beta of 3.41, indicating that its share price is 241% more volatile than the S&P 500.

Valuation and Earnings

This table compares Bit Origin and Iris Energy”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Origin	$6.26 million	2.63	-$28.22 million	N/A	N/A
Iris Energy	$188.76 million	7.52	-$28.95 million	N/A	N/A

Bit Origin has higher earnings, but lower revenue than Iris Energy.

Summary

Iris Energy beats Bit Origin on 7 of the 8 factors compared between the two stocks.

About Bit Origin

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co., Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.

About Iris Energy

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.