Iris Energy (NASDAQ:IREN) versus Bit Origin (NASDAQ:BTOG) Head to Head Comparison

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

Analyst Ratings

This is a breakdown of current ratings for Bit Origin and Iris Energy, as reported 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 $16.25, suggesting a potential upside of 115.80%. Given Iris Energy’s higher possible upside, analysts clearly believe Iris Energy is more favorable than Bit Origin.

Institutional and Insider Ownership

1.1% of Bit Origin shares are held by institutional investors. Comparatively, 41.1% of Iris Energy shares are held by institutional investors. 1.1% of Bit Origin shares are held by company insiders. Comparatively, 21.5% of Iris Energy shares are held by company 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.

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

Volatility & Risk

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

Earnings and Valuation

This table compares Bit Origin and Iris Energy”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Origin	$7.09 million	0.94	-$28.22 million	N/A	N/A
Iris Energy	$188.76 million	5.85	-$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.