Will bit digital do better than bitfarms earnings report?

**Bit Digital is expected to perform better than Bitfarms in their upcoming earnings reports**. Here's why:

1. **Revenue Growth**: Bit Digital is projected to report revenue of $25.94 million for the quarter ending September 30, 2024, which is a significant increase of 98.11% year-over-year. In contrast, Bitfarms reported revenue of $41.55 million for the quarter ending June 30, 2024, which represents a growth of 17.11% year-over-year.
2. **Earnings Per Share (EPS)**: Bit Digital is expected to report an EPS of $0 for the quarter ending September 30, 2024, which is no growth from the previous year. Bitfarms, on the other hand, reported an EPS of $-0.07 for the quarter ending June 30, 2024, which is an improvement from the previous year's EPS of $-0.11, beating analysts' consensus estimates.
3. **Net Income**: Bit Digital's net income for the quarter ending June 30, 2024, was -$11.95 million, which indicates a loss. Bitfarms reported a net loss of $-26.6 million for the same period, suggesting that Bit Digital might have a better net income position.
4. **Growth Rates**: Bit Digital's revenue growth rate is significantly higher than Bitfarms' at 98.11% compared to 17.11%. This indicates that Bit Digital is expected to have a more substantial increase in revenue compared to Bitfarms.
5. **Analyst Expectations**: The investment community is closely monitoring Bit Digital's earnings report, with expectations of a substantial revenue increase and no growth in EPS. This suggests that the company's performance may meet or exceed market expectations, potentially leading to positive sentiment and potential price appreciation.
6. **Recent Performance**: Bit Digital's stock has gained 37.12% over the past month, outpacing the Business Services sector and the S&P 500. This recent performance could be indicative of investor optimism about the company's prospects.

In conclusion, based on the projected revenue growth, improved EPS in comparison to the previous year, and the positive sentiment surrounding the company, Bit Digital is likely to have a better earnings report compared to Bitfarms. However, it's important to note that both companies are not currently profitable, and investors should consider other factors such as market valuation, strategic positioning, and long-term growth prospects before making an investment decision.