Critical Analysis: Abits Group (NASDAQ:ABTS) versus Griid Infrastructure (NASDAQ:GRDI)

Abits Group (NASDAQ:ABTS) and Griid Infrastructure (NASDAQ:GRDI) are both small-cap financial services companies, but which is the better stock? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, analyst recommendations and dividends.

Volatility & Risk

Abits Group has a beta of 2.7, suggesting that its share price is 170% more volatile than the S&P 500. Comparatively, Griid Infrastructure has a beta of -0.34, suggesting that its share price is 134% less volatile than the S&P 500.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Abits Group	N/A	N/A	N/A
Griid Infrastructure	N/A	-44.60%	51.28%

Institutional and Insider Ownership

0.2% of Abits Group shares are owned by institutional investors. Comparatively, 77.8% of Griid Infrastructure shares are owned by institutional investors. 6.7% of Abits Group shares are owned by company insiders. Comparatively, 0.3% of Griid Infrastructure shares are owned 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.

Valuation and Earnings

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

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Abits Group	$5.34 million	3.25	-$12.59 million	N/A	N/A
Griid Infrastructure	$20.94 million	3.50	-$18.66 million	N/A	N/A

Abits Group has higher earnings, but lower revenue than Griid Infrastructure.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Abits Group and Griid Infrastructure, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Abits Group	0	0	0	0	N/A
Griid Infrastructure	0	0	0	0	N/A

About Abits Group

Abits Group Inc. operates in the bitcoin mining business in the United States. The company was formerly known as Moxian (BVI) Inc and changed its name to Abits Group Inc. in November 2023. Abits Group Inc. was incorporated in 2021 and is based in Causeway Bay, Hong Kong.

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.