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Bitfarms (BITF) Competitors

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C$1.43 +0.05 (+3.62%)
As of 04:00 PM Eastern

BITF vs. VBNK, WFC, PTS, WED, ML, GRN, CARE, CFW, HIVE, and MSL

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

Bitfarms vs. Its Competitors

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

VersaBank has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.2, suggesting that its share price is 220% more volatile than the S&P 500.

VersaBank has a net margin of 19.94% compared to Bitfarms' net margin of -69.20%. VersaBank's return on equity of 9.95% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
VersaBank19.94% 9.95% 1.10%
Bitfarms -69.20%-30.76%-10.66%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
VersaBankC$248.46M2.06C$49.54MC$1.5410.27
BitfarmsC$159.92M3.14-C$110.66M-C$0.44-3.22

21.6% of VersaBank shares are held by institutional investors. Comparatively, 20.2% of Bitfarms shares are held by institutional investors. 38.8% of VersaBank shares are held by insiders. Comparatively, 23.4% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

VersaBank presently has a consensus price target of C$19.00, suggesting a potential upside of 20.25%. Bitfarms has a consensus price target of C$3.75, suggesting a potential upside of 162.24%. Given Bitfarms' higher probable upside, analysts clearly believe Bitfarms is more favorable than VersaBank.

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

In the previous week, VersaBank had 2 more articles in the media than Bitfarms. MarketBeat recorded 5 mentions for VersaBank and 3 mentions for Bitfarms. VersaBank's average media sentiment score of 0.27 beat Bitfarms' score of -1.00 indicating that VersaBank is being referred to more favorably in the media.

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

Summary

VersaBank beats Bitfarms on 11 of the 14 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$501.53MC$881.47MC$6.43BC$6.19B
Dividend YieldN/A3.88%4.18%6.72%
P/E Ratio-3.2231.3213.6052.72
Price / Sales3.14157.911,760.221,193.25
Price / Cash4.0011.8848.9183.29
Price / Book1.123.233.194.76
Net Income-C$110.66MC$130.65MC$1.25BC$301.20M
7 Day Performance31.19%6.83%1.00%1.64%
1 Month Performance13.49%9.68%3.62%4.56%
1 Year Performance-58.06%18.21%15.62%26.23%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
1.9668 of 5 stars
C$1.43
+3.6%
C$3.75
+162.2%
-60.1%C$501.53MC$159.92M-3.22110
VBNK
VersaBank
1.9461 of 5 stars
C$15.52
+0.6%
C$19.00
+22.4%
+9.4%C$502.23MC$248.46M10.09100News Coverage
Dividend Announcement
WFC
Wall Financial
N/AC$15.40
+1.7%
N/A-13.9%C$494.27MC$193.65M19.90238,000Gap Up
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WED
Westaim
0.1448 of 5 stars
C$31.00
-0.9%
C$7.75
-75.0%
+652.5%C$458.00MC$10.20M70.143,240Positive News
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)
0.0353 of 5 stars
C$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
4.1486 of 5 stars
C$3.40
flat
C$4.63
+36.0%
-17.4%C$291.28MC$1.61B10.39730News Coverage
Insider Trade
Analyst Revision
HIVE
HIVE Digital Technologies
N/AC$2.26
-5.0%
N/A-28.1%C$207.59MC$113.54M-11.0420Trending News
Gap Down
MSL
Merus Labs International
N/AN/AN/AN/AC$193.64MN/A0.00474

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This page (TSE:BITF) was last updated on 7/3/2025 by MarketBeat.com Staff
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