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Bitfarms (BITF) Competitors

$2.68
-0.26 (-8.84%)
(As of 06/24/2024 ET)

BITF vs. CLSK, WD, QFIN, RIOT, IREN, UPST, CIFR, CORZ, WULF, and PWP

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include CleanSpark (CLSK), Walker & Dunlop (WD), Qifu Technology (QFIN), Riot Platforms (RIOT), Iris Energy (IREN), Upstart (UPST), Cipher Mining (CIFR), Core Scientific (CORZ), TeraWulf (WULF), and Perella Weinberg Partners (PWP). These companies are all part of the "nondepository credit institutions" industry.

Bitfarms vs.

CleanSpark (NASDAQ:CLSK) and Bitfarms (NASDAQ:BITF) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, media sentiment, institutional ownership, risk, profitability, community ranking and earnings.

In the previous week, Bitfarms had 1 more articles in the media than CleanSpark. MarketBeat recorded 10 mentions for Bitfarms and 9 mentions for CleanSpark. CleanSpark's average media sentiment score of 0.61 beat Bitfarms' score of 0.51 indicating that Bitfarms is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
CleanSpark
3 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bitfarms
5 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

43.1% of CleanSpark shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 3.5% of CleanSpark shares are owned by insiders. Comparatively, 9.5% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

CleanSpark has a beta of 4.24, suggesting that its share price is 324% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.68, suggesting that its share price is 268% more volatile than the S&P 500.

CleanSpark has a net margin of 22.41% compared to CleanSpark's net margin of -64.06%. Bitfarms' return on equity of -6.30% beat CleanSpark's return on equity.

Company Net Margins Return on Equity Return on Assets
CleanSpark22.41% -6.30% -5.81%
Bitfarms -64.06%-19.24%-16.04%

Bitfarms has lower revenue, but higher earnings than CleanSpark.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
CleanSpark$168.41M22.34-$136.59MN/AN/A
Bitfarms$166.63M6.30-$104.04M-$0.38-7.05

CleanSpark currently has a consensus price target of $19.97, suggesting a potential upside of 20.94%. Bitfarms has a consensus price target of $3.88, suggesting a potential upside of 44.90%. Given CleanSpark's higher possible upside, analysts plainly believe Bitfarms is more favorable than CleanSpark.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CleanSpark
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
1 Strong Buy rating(s)
3.00
Bitfarms
0 Sell rating(s)
1 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.80

CleanSpark received 96 more outperform votes than Bitfarms when rated by MarketBeat users. However, 75.68% of users gave Bitfarms an outperform vote while only 73.81% of users gave CleanSpark an outperform vote.

CompanyUnderperformOutperform
CleanSparkOutperform Votes
124
73.81%
Underperform Votes
44
26.19%
BitfarmsOutperform Votes
28
75.68%
Underperform Votes
9
24.32%

Summary

CleanSpark beats Bitfarms on 10 of the 16 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

MetricBitfarmsNondepository credit institutions IndustryBusiness SectorNASDAQ Exchange
Market Cap$1.05B$6.29B$6.50B$8.30B
Dividend YieldN/A5.40%2.94%4.09%
P/E Ratio-7.057.1037.5917.84
Price / Sales6.3060.801,119.7593.17
Price / Cash33.5335.9127.9231.86
Price / Book3.051.994.214.20
Net Income-$104.04M$436.34M$120.97M$216.09M
7 Day Performance-14.92%-1.02%1.15%0.09%
1 Month Performance32.67%4.80%-0.80%-2.47%
1 Year Performance76.32%161.20%13.09%0.21%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CLSK
CleanSpark
1.3934 of 5 stars
$19.17
-1.6%
$19.97
+4.2%
+259.7%$4.37B$168.41M0.00130Gap Down
WD
Walker & Dunlop
1.1441 of 5 stars
$95.13
-0.7%
$100.00
+5.1%
+29.6%$3.21B$1.05B34.721,326News Coverage
QFIN
Qifu Technology
4.6155 of 5 stars
$19.65
-0.7%
$24.73
+25.9%
+24.3%$3.17B$2.29B5.093,121Positive News
RIOT
Riot Platforms
3.0258 of 5 stars
$10.42
-2.3%
$18.10
+73.7%
-20.6%$3.01B$280.70M11.98534Gap Down
IREN
Iris Energy
4.6374 of 5 stars
$13.90
-0.4%
$14.92
+7.3%
+174.6%$2.04B$75.51M0.00100Analyst Forecast
Positive News
Gap Down
UPST
Upstart
2.5139 of 5 stars
$21.88
-1.5%
$21.65
-1.1%
-22.9%$1.92B$513.56M-10.621,388
CIFR
Cipher Mining
1.5311 of 5 stars
$5.24
+4.6%
$6.25
+19.3%
+47.2%$1.62B$126.84M87.3535Insider Selling
Gap Down
High Trading Volume
CORZ
Core Scientific
0.4626 of 5 stars
$9.09
+2.0%
$7.83
-13.8%
+1,165.2%$1.62B$502.40M0.00286Gap Down
WULF
TeraWulf
0.8166 of 5 stars
$4.63
+2.7%
$4.16
-10.2%
+134.4%$1.54B$69.23M0.0010Gap Down
PWP
Perella Weinberg Partners
0.4746 of 5 stars
$14.41
-0.8%
$16.50
+14.5%
+83.0%$1.36B$648.65M-7.75650Positive News

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This page (NASDAQ:BITF) was last updated on 6/25/2024 by MarketBeat.com Staff

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