BITF vs. HUT, BNC, SII, BLX, HIVE, WED, VBNK, PTS, WFC, and ML
Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Hut 8 (HUT), Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), Boralex (BLX), HIVE Digital Technologies (HIVE), Westaim (WED), VersaBank (VBNK), Points.com (PTS), Wall Financial (WFC), and Millennial Lithium (ML). These companies are all part of the "banking" industry.
Bitfarms vs. Its Competitors
Hut 8 (TSE:HUT) and Bitfarms (TSE:BITF) are both mid-cap financial services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, risk, analyst recommendations, profitability, valuation, dividends, institutional ownership and media sentiment.
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.
Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 5.11941, suggesting that its share price is 412% more volatile than the S&P 500.
37.6% of Hut 8 shares are owned by institutional investors. Comparatively, 11.2% of Bitfarms shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 23.4% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
In the previous week, Bitfarms had 9 more articles in the media than Hut 8. MarketBeat recorded 10 mentions for Bitfarms and 1 mentions for Hut 8. Bitfarms' average media sentiment score of 0.58 beat Hut 8's score of 0.00 indicating that Bitfarms is being referred to more favorably in the news media.
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 has a consensus target price of C$3.75, suggesting a potential downside of 46.43%. Given Bitfarms' higher possible upside, analysts plainly believe Bitfarms is more favorable than Hut 8.
Summary
Hut 8 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.
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 10/19/2025 by MarketBeat.com Staff
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