BTBT vs. RIOT

Last updated Apr 1, 2026

Compare and contrast key facts about Bit Digital, Inc. (BTBT) and Riot Blockchain, Inc. (RIOT).

Performance

BTBT vs. RIOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bit Digital, Inc. (BTBT) and Riot Blockchain, Inc. (RIOT). The values are adjusted to include any dividend payments, if applicable.

BTBT vs. RIOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BTBT Bit Digital, Inc.	-30.69%	-35.49%	-30.73%	605.00%	-90.13%	-72.25%	5,377.50%	-93.85%	40.69%
RIOT Riot Blockchain, Inc.	-2.45%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-25.83%	-81.17%

Fundamentals

EPS BTBT : $0.52 RIOT : $0.42
PE Ratio BTBT : 2.52 RIOT : 29.61
PS Ratio BTBT : 2.13 RIOT : 7.62
Total Revenue (TTM) BTBT : $162.59M RIOT : $637.16M
Gross Profit (TTM) BTBT : $108.89M RIOT : $251.99M
EBITDA (TTM) BTBT : $200.10M RIOT : $703.12M

Returns By Period

In the year-to-date period, BTBT achieves a -30.69% return, which is significantly lower than RIOT's -2.45% return.

BTBT

• 1D: 3.56%
• 1M: -21.56%
• YTD: -30.69%
• 6M: -56.33%
• 1Y: -35.15%
• 3Y*: -5.25%
• 5Y*: -38.03%
• 10Y*: —

RIOT

• 1D: 4.48%
• 1M: -24.13%
• YTD: -2.45%
• 6M: -35.05%
• 1Y: 73.60%
• 3Y*: 7.35%
• 5Y*: -24.98%
• 10Y*: 18.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BTBT vs. RIOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTBT

BTBT Risk / Return Rank: 26
BTBT Sharpe Ratio Rank: 24
BTBT Sortino Ratio Rank: 29
BTBT Omega Ratio Rank: 29
BTBT Calmar Ratio Rank: 25
BTBT Martin Ratio Rank: 23

RIOT

RIOT Risk / Return Rank: 70
RIOT Sharpe Ratio Rank: 72
RIOT Sortino Ratio Rank: 72
RIOT Omega Ratio Rank: 67
RIOT Calmar Ratio Rank: 70
RIOT Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTBT vs. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bit Digital, Inc. (BTBT) and Riot Blockchain, Inc. (RIOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BTBT	RIOT	Difference
Sharpe ratio Return per unit of total volatility	-0.39	0.88	-1.27
Sortino ratio Return per unit of downside risk	-0.06	1.64	-1.70
Omega ratio Gain probability vs. loss probability	0.99	1.19	-0.20
Calmar ratio Return relative to maximum drawdown	-0.54	1.38	-1.91
Martin ratio Return relative to average drawdown	-1.05	2.87	-3.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTBT vs. RIOT - Sharpe Ratio Comparison

The current BTBT Sharpe Ratio is -0.39, which is lower than the RIOT Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BTBT and RIOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTBT	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	0.88	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	-0.26	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	-0.16	+0.05

Correlation

The correlation between BTBT and RIOT is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BTBT vs. RIOT - Dividend Comparison

Neither BTBT nor RIOT has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTBT Bit Digital, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Blockchain, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Drawdowns

BTBT vs. RIOT - Drawdown Comparison

The maximum BTBT drawdown since its inception was -98.16%, roughly equal to the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for BTBT and RIOT.

Drawdown Indicators

	BTBT	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-98.16%	-99.98%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-70.02%	-48.57%	-21.45%
Max Drawdown (5Y) Largest decline over 5 years	-96.92%	-94.45%	-2.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.32%	—
Current Drawdown Current decline from peak	-95.52%	-99.61%	+4.09%
Average Drawdown Average peak-to-trough decline	-75.10%	-87.75%	+12.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.97%	23.25%	+12.72%

Volatility

BTBT vs. RIOT - Volatility Comparison

The current volatility for Bit Digital, Inc. (BTBT) is 22.43%, while Riot Blockchain, Inc. (RIOT) has a volatility of 25.00%. This indicates that BTBT experiences smaller price fluctuations and is considered to be less risky than RIOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTBT	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.43%	25.00%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	61.80%	62.56%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	90.15%	84.48%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	117.89%	95.49%	+22.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	134.69%	112.36%	+22.33%

Financials