Analyzing Coinbase Global (NASDAQ:COIN) and Griid Infrastructure (NASDAQ:GRDI)

Coinbase Global (NASDAQ:COIN) and Griid Infrastructure (NASDAQ:GRDI) are both business services companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, risk, earnings, valuation, analyst recommendations, institutional ownership and profitability.

Institutional & Insider Ownership

68.8% of Coinbase Global shares are held by institutional investors. Comparatively, 77.8% of Griid Infrastructure shares are held by institutional investors. 23.4% of Coinbase Global shares are held by insiders. Comparatively, 0.3% of Griid Infrastructure shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Coinbase Global and Griid Infrastructure”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coinbase Global	$3.11 billion	26.11	$94.87 million	$5.86	55.33
Griid Infrastructure	$19.62 million	0.44	-$18.66 million	N/A	N/A

Coinbase Global has higher revenue and earnings than Griid Infrastructure.

Volatility & Risk

Coinbase Global has a beta of 3.34, indicating that its stock price is 234% more volatile than the S&P 500. Comparatively, Griid Infrastructure has a beta of -0.39, indicating that its stock price is 139% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent recommendations for Coinbase Global and Griid Infrastructure, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Coinbase Global	1	9	10	0	2.45
Griid Infrastructure	0	0	0	0	0.00

Coinbase Global presently has a consensus price target of $246.28, suggesting a potential downside of 24.04%. Given Coinbase Global’s stronger consensus rating and higher probable upside, equities analysts plainly believe Coinbase Global is more favorable than Griid Infrastructure.

Profitability

This table compares Coinbase Global and Griid Infrastructure’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Coinbase Global	29.76%	14.81%	0.41%
Griid Infrastructure	N/A	-44.60%	51.28%

Summary

Coinbase Global beats Griid Infrastructure on 10 of the 12 factors compared between the two stocks.

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.

About Griid Infrastructure

Griid Infrastructure Inc. operates as a vertically integrated bitcoin mining company in North America. The company owns and operates a portfolio of energy infrastructure and data centers. It also engages in bitcoin mining operation, which operates specialized computers that generate cryptocurrency. The company was founded in 2018 and is based in Cincinnati, Ohio.