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Bitfarms (BITF) Competitors

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$1.16 -0.10 (-7.94%)
Closing price 08/1/2025 04:00 PM Eastern
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$1.17 +0.01 (+0.86%)
As of 08/1/2025 07:57 PM Eastern
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BITF vs. BTBT, CLSK, COIN, HIVE, HUT, IREN, MARA, MSTR, RIOT, and ENVA

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Bit Digital (BTBT), Cleanspark (CLSK), Coinbase Global (COIN), HIVE Digital Technologies (HIVE), Hut 8 (HUT), IREN (IREN), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), and Enova International (ENVA).

Bitfarms vs. Its Competitors

Bitfarms (NASDAQ:BITF) and Bit Digital (NASDAQ:BTBT) are both small-cap business services companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, valuation, profitability, institutional ownership, risk, analyst recommendations, earnings and media sentiment.

Bitfarms has a net margin of -40.09% compared to Bit Digital's net margin of -77.27%. Bit Digital's return on equity of -10.83% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-40.09% -12.70% -11.18%
Bit Digital -77.27%-10.83%-9.19%

In the previous week, Bit Digital had 2 more articles in the media than Bitfarms. MarketBeat recorded 5 mentions for Bit Digital and 3 mentions for Bitfarms. Bit Digital's average media sentiment score of 0.46 beat Bitfarms' score of 0.00 indicating that Bit Digital is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bit Digital
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bit Digital has lower revenue, but higher earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$209.41M3.09-$105.93M-$0.19-6.11
Bit Digital$108.05M8.05$28.31M-$0.47-5.79

20.6% of Bitfarms shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 9.5% of Bitfarms shares are held by insiders. Comparatively, 2.3% of Bit Digital shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Bitfarms presently has a consensus price target of $3.95, suggesting a potential upside of 240.52%. Bit Digital has a consensus price target of $6.33, suggesting a potential upside of 132.84%. Given Bitfarms' higher possible upside, analysts clearly believe Bitfarms is more favorable than Bit Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00
Bit Digital
0 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
3.33

Bitfarms has a beta of 3.45, suggesting that its stock price is 245% more volatile than the S&P 500. Comparatively, Bit Digital has a beta of 4.9, suggesting that its stock price is 390% more volatile than the S&P 500.

Summary

Bit Digital beats Bitfarms on 11 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BITF and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BITF vs. The Competition

MetricBitfarmsTechnology Services IndustryBusiness SectorNASDAQ Exchange
Market Cap$702.51M$2.52B$14.77B$9.51B
Dividend YieldN/A1.59%2.81%4.08%
P/E Ratio-6.1119.1124.0523.80
Price / Sales3.0981.4068.5466.65
Price / Cash6.9745.3226.9457.96
Price / Book0.875.085.075.55
Net Income-$105.93M$33.37M$195.86M$259.03M
7 Day Performance-5.69%-4.62%-4.24%-4.59%
1 Month Performance14.85%0.59%-1.10%4.46%
1 Year Performance-46.79%48.85%28.98%18.03%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
2.1942 of 5 stars
$1.16
-7.9%
$3.95
+240.5%
-52.8%$702.51M$209.41M-6.11110Upcoming Earnings
Gap Up
BTBT
Bit Digital
3.1048 of 5 stars
$3.15
-2.5%
$6.33
+101.1%
-20.5%$937.36M$108.05M-6.7010Options Volume
Gap Down
CLSK
Cleanspark
4.2514 of 5 stars
$11.82
-4.2%
$20.38
+72.4%
-30.8%$3.32B$378.97M-12.31130Upcoming Earnings
Analyst Upgrade
Gap Down
COIN
Coinbase Global
3.2355 of 5 stars
$391.66
-1.3%
$320.06
-18.3%
+48.0%$99.43B$6.56B73.343,772Trending News
Earnings Report
Analyst Forecast
Analyst Revision
Gap Down
HIVE
HIVE Digital Technologies
2.6541 of 5 stars
$2.27
-3.4%
$6.67
+193.7%
-39.8%$512.59M$115.28M-6.3120
HUT
Hut 8
3.4027 of 5 stars
$20.38
-3.6%
$26.12
+28.2%
+42.3%$2.12B$254.83M0.00219Positive News
Upcoming Earnings
IREN
IREN
4.1374 of 5 stars
$17.72
-2.3%
$20.44
+15.4%
+65.8%$3.33B$372.10M0.00100
MARA
Marathon Digital
4.1052 of 5 stars
$17.25
-0.1%
$22.22
+28.8%
-14.6%$6.07B$656.38M-11.909Analyst Forecast
Analyst Revision
Gap Down
MSTR
MicroStrategy
4.3981 of 5 stars
$405.89
-2.2%
$525.67
+29.5%
+142.5%$110.97B$463.46M-18.611,534Trending News
Analyst Forecast
Insider Trade
Gap Down
RIOT
Riot Platforms
2.2011 of 5 stars
$14.54
-1.0%
$17.28
+18.8%
+18.3%$5.19B$458.75M-11.02340Trending News
Earnings Report
Analyst Upgrade
Options Volume
Gap Down
ENVA
Enova International
3.3343 of 5 stars
$106.34
-4.8%
$111.00
+4.4%
+19.3%$2.68B$2.66B11.291,787News Coverage
Insider Trade
High Trading Volume

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This page (NASDAQ:BITF) was last updated on 8/2/2025 by MarketBeat.com Staff
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