BITF vs. HUT, BLX, SII, WED, HIVE, VBNK, WFC, PTS, ML, and GRN
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Hut 8 (HUT), Boralex (BLX), Sprott (SII), Westaim (WED), HIVE Digital Technologies (HIVE), VersaBank (VBNK), Wall Financial (WFC), Points.com (PTS), Millennial Lithium (ML), and Greenlane Renewables Inc. (GRN.V) (GRN). These companies are all part of the "banking" industry.
Bitfarms vs. Its Competitors
Bitfarms (TSE:BITF) and Hut 8 (TSE:HUT) are both financial services companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, media sentiment, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.
In the previous week, Bitfarms had 6 more articles in the media than Hut 8. MarketBeat recorded 8 mentions for Bitfarms and 2 mentions for Hut 8. Bitfarms' average media sentiment score of 0.90 beat Hut 8's score of 0.67 indicating that Bitfarms is being referred to more favorably in the media.
Hut 8 has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Hut 8, indicating that it is currently the more affordable of the two stocks.
Bitfarms has a beta of 4.349929, suggesting that its stock price is 335% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its stock price is 358% more volatile than the S&P 500.
Hut 8 has a net margin of 135.55% compared to Bitfarms' net margin of -69.20%. Hut 8's return on equity of 40.91% beat Bitfarms' return on equity.
Bitfarms currently has a consensus target price of C$3.75, indicating a potential upside of 9.97%. Given Bitfarms' higher probable upside, analysts plainly believe Bitfarms is more favorable than Hut 8.
13.1% of Bitfarms shares are held by institutional investors. Comparatively, 35.7% of Hut 8 shares are held by institutional investors. 23.4% of Bitfarms shares are held by insiders. Comparatively, 60.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Summary
Hut 8 beats Bitfarms on 13 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.
Media Sentiment Over Time
This chart shows the average media sentiment of TSE 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.
Bitfarms Competitors List
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This page (TSE:BITF) was last updated on 9/15/2025 by MarketBeat.com Staff
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