Reviewing Coinbase Global (NASDAQ:COIN) & Griid Infrastructure (NASDAQ:GRDI)

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

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 company insiders. Comparatively, 0.3% of Griid Infrastructure shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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%

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Coinbase Global and Griid Infrastructure, as reported 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 currently has a consensus price target of $246.28, suggesting a potential downside of 3.64%. Given Coinbase Global’s stronger consensus rating and higher probable upside, analysts clearly believe Coinbase Global is more favorable than Griid Infrastructure.

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	20.43	$94.87 million	$5.86	43.61
Griid Infrastructure	$19.62 million	0.44	-$18.66 million	N/A	N/A

Coinbase Global has higher revenue and earnings than Griid Infrastructure.

Risk and Volatility

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

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.