Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) and Coinbase Global (NASDAQ:COIN – Get Free Report) are both business services companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, valuation, earnings, risk and dividends.
Institutional and Insider Ownership
22.3% of Bitdeer Technologies Group shares are owned by institutional investors. Comparatively, 68.8% of Coinbase Global shares are owned by institutional investors. 33.2% of Coinbase Global shares are owned 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.
Profitability
This table compares Bitdeer Technologies Group and Coinbase Global’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitdeer Technologies Group | -15.37% | -7.34% | -3.74% |
| Coinbase Global | 33.98% | 9.42% | 0.30% |
Earnings & Valuation
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitdeer Technologies Group | $368.55 million | 1.75 | -$56.66 million | ($0.42) | -13.69 |
| Coinbase Global | $3.11 billion | 16.71 | $94.87 million | $5.01 | 42.78 |
Coinbase Global has higher revenue and earnings than Bitdeer Technologies Group. Bitdeer Technologies Group is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.
Analyst Recommendations
This is a summary of current ratings and price targets for Bitdeer Technologies Group and Coinbase Global, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitdeer Technologies Group | 0 | 0 | 7 | 0 | 3.00 |
| Coinbase Global | 3 | 9 | 9 | 0 | 2.29 |
Bitdeer Technologies Group currently has a consensus price target of $13.64, indicating a potential upside of 137.27%. Coinbase Global has a consensus price target of $193.85, indicating a potential downside of 9.56%. Given Bitdeer Technologies Group’s stronger consensus rating and higher possible upside, analysts clearly believe Bitdeer Technologies Group is more favorable than Coinbase Global.
Risk and Volatility
Bitdeer Technologies Group has a beta of 1.79, suggesting that its stock price is 79% more volatile than the S&P 500. Comparatively, Coinbase Global has a beta of 3.46, suggesting that its stock price is 246% more volatile than the S&P 500.
Summary
Coinbase Global beats Bitdeer Technologies Group on 12 of the 14 factors compared between the two stocks.
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.
About Coinbase Global
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.
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