Analysis: Comparing D-Wave Quantum and BIT Mining
D-Wave Quantum (Nasdaq: QBTS) and BIT Mining (Nasdaq: BTCM) are two technology companies traded on the NYSE that have been compared based on various factors, including dividends, earnings, recommendations, ownership, risk, profitability, and valuation.
BIT Mining operates as a cryptocurrency mining company with a mining data center in Ohio and a mining pool business. It provides bitcoin mining services and sells mining machines. D-Wave Quantum offers quantum computing systems, software, and services worldwide.
In terms of volatility, BIT Mining is 188% more volatile than the S&P 500, with a beta of 2.88, while D-Wave Quantum has a beta of -0.73. This indicates that BIT Mining is riskier than D-Wave Quantum.
D-Wave Quantum outperforms BIT Mining on 8 of the 14 factors compared, including net margins, return on equity, return on assets, gross revenue, earnings per share, and valuation. Institutional investors own 10.4% of D-Wave Quantum shares and 7.7% of BIT Mining shares.
BIT Mining has achieved significant revenue and income growth in recent years while D-Wave Quantum has faced challenges in commercializing its quantum computing technology.
D-Wave Quantum and BIT Mining are two technology companies with different business models and risk profiles. Investors should carefully consider these factors before making investment decisions.