Financial Contrast: Kyndryl (NYSE:KD) & Bit Digital (NASDAQ:BTBT)

Bit Digital (NASDAQ:BTBT) and Kyndryl (NYSE:KD) are both technology companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, valuation, risk and analyst recommendations.

Earnings and Valuation

This table compares Bit Digital and Kyndryl”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$122.84 million	2.69	-$382.27 million	($1.06)	-0.86
Kyndryl	$14.97 billion	0.21	$80.59 million	$0.37	38.31

Kyndryl has higher revenue and earnings than Bit Digital. Bit Digital is trading at a lower price-to-earnings ratio than Kyndryl, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

Bit Digital has a beta of 3.84, meaning that its share price is 284% more volatile than the S&P 500. Comparatively, Kyndryl has a beta of 1.66, meaning that its share price is 66% more volatile than the S&P 500.

Institutional and Insider Ownership

47.7% of Bit Digital shares are held by institutional investors. Comparatively, 71.5% of Kyndryl shares are held by institutional investors. 2.0% of Bit Digital shares are held by insiders. Comparatively, 2.0% of Kyndryl shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Bit Digital and Kyndryl’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bit Digital	N/A	N/A	N/A
Kyndryl	N/A	N/A	N/A

Analyst Ratings

This is a summary of recent ratings and price targets for Bit Digital and Kyndryl, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bit Digital	1	1	4	1	2.71
Kyndryl	2	7	0	0	1.78

Bit Digital currently has a consensus target price of $4.38, indicating a potential upside of 378.09%. Kyndryl has a consensus target price of $16.50, indicating a potential upside of 16.41%. Given Bit Digital’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Bit Digital is more favorable than Kyndryl.

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 Kyndryl

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York.