Bit Digital vs Whitefiber
Bit Digital is the larger business, with $114m of revenue in fiscal 2025 against $79.2m for Whitefiber (1.4 times as much). Whitefiber grew faster (66.2% against 5.1%). Whitefiber kept more of each dollar of sales as profit: a net margin of -31.2% against -70.7%. Whitefiber carries less debt relative to equity (4.2% against 15.2%).
| Latest fiscal year | Bit DigitalBTBT, 2025 | WhitefiberWYFI, 2025 |
|---|---|---|
| Revenue | $114m | $79.2m |
| Revenue growth | 5.1% | 66.2% |
| Net income | −$80.3m | −$24.7m |
| Operating margin | -80.9% | -33.9% |
| Net margin | -70.7% | -31.2% |
| Return on equity | -13.5% | -7.6% |
| Free cash flow | −$575m | −$223m |
| Cash | $118m | $114m |
| Total debt | $110m | $20.2m |
| Debt to equity | 15.2% | 4.2% |
| Dividend per share | — | — |
| Dividend yield | 0.3% | — |
| Share buybacks | — | — |
| Employees | 104 | 83 |
| Market value | $299m | $408m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 1 sales |