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Bitfarms (BITF) Competitors

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C$1.68 -0.06 (-3.45%)
As of 11:59 AM Eastern

BITF vs. HUT, SII, WFC, VBNK, PTS, WED, ML, GRN, CARE, and CFW

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Hut 8 (HUT), Sprott (SII), Wall Financial (WFC), VersaBank (VBNK), Points.com (PTS), Westaim (WED), Millennial Lithium (ML), Greenlane Renewables Inc. (GRN.V) (GRN), Dialogue Health Technologies (CARE), and Calfrac Well Services (CFW). These companies are all part of the "banking" industry.

Bitfarms vs. Its Competitors

Bitfarms (TSE:BITF) and Hut 8 (TSE:HUT) are both small-cap financial services companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, profitability, earnings, analyst recommendations, risk, institutional ownership and media sentiment.

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.

Company Net Margins Return on Equity Return on Assets
Bitfarms-69.20% -30.76% -10.66%
Hut 8 135.55%40.91%-4.25%

Bitfarms currently has a consensus target price of C$3.75, suggesting a potential upside of 123.21%. Given Bitfarms' higher possible upside, equities analysts plainly believe Bitfarms is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00
Hut 8
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
9 Strong Buy rating(s)
4.00

Hut 8 has lower revenue, but higher 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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BitfarmsC$159.92M3.68-C$110.66M-C$0.44-3.78
Hut 8C$142.55M13.68C$193.22MC$4.097.17

In the previous week, Bitfarms had 3 more articles in the media than Hut 8. MarketBeat recorded 5 mentions for Bitfarms and 2 mentions for Hut 8. Hut 8's average media sentiment score of 0.56 beat Bitfarms' score of 0.24 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
1 Very Positive mention(s)
3 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Bitfarms has a beta of 3.2, meaning that its stock price is 220% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.45, meaning that its stock price is 245% more volatile than the S&P 500.

20.2% of Bitfarms shares are held by institutional investors. Comparatively, 57.2% of Hut 8 shares are held by institutional investors. 23.4% of Bitfarms shares are held by company insiders. Comparatively, 60.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

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.
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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.
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BITF vs. The Competition

MetricBitfarmsCapital Markets IndustryFinancial SectorTSE Exchange
Market CapC$589.21MC$1.02BC$6.46BC$6.29B
Dividend YieldN/A3.88%4.19%6.72%
P/E Ratio-3.7833.8314.1464.89
Price / Sales3.68166.731,778.921,290.76
Price / Cash4.0011.88128.7083.29
Price / Book1.323.701.974.88
Net Income-C$110.66MC$130.65MC$1.24BC$301.20M
7 Day Performance15.07%5.38%0.77%1.24%
1 Month Performance51.35%22.26%3.89%5.69%
1 Year Performance-53.46%29.72%23.86%25.99%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
2.554 of 5 stars
C$1.68
-3.4%
C$3.75
+123.2%
-53.4%C$589.21MC$159.92M-3.78110Gap Up
HUT
Hut 8
N/AC$30.29
+1.5%
N/A+7.3%C$2.02BC$142.55M7.41219
SII
Sprott
0.6023 of 5 stars
C$98.92
+2.0%
C$83.00
-16.1%
+52.4%C$1.77BC$114.38M38.55170Analyst Downgrade
WFC
Wall Financial
N/AC$16.00
-5.9%
N/A-14.4%C$513.53MC$193.65M20.68238,000Gap Down
VBNK
VersaBank
N/AC$15.55
-1.9%
C$19.00
+22.2%
-3.1%C$503.21MC$248.46M10.11100
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WED
Westaim
0.1363 of 5 stars
C$30.51
-1.4%
C$7.75
-74.6%
+628.4%C$450.76MC$10.20M69.033,240
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down
GRN
Greenlane Renewables Inc. (GRN.V)
N/AC$2.78
+16.3%
C$0.05
-98.2%
+0.0%C$368.17MC$16.93M-102.9649Gap Up
CARE
Dialogue Health Technologies
N/AN/AN/AN/AC$345.36MC$95.88M-17.13730
CFW
Calfrac Well Services
3.5705 of 5 stars
C$3.44
+0.3%
C$4.63
+34.4%
-16.8%C$294.71MC$1.61B10.51730

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This page (TSE:BITF) was last updated on 7/24/2025 by MarketBeat.com Staff
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