Bitfarms (BITF) Competitors

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

Does the media favor HUT or BITF?

In the previous week, Hut 8 had 8 more articles in the media than Bitfarms. MarketBeat recorded 12 mentions for Hut 8 and 4 mentions for Bitfarms. Hut 8's average media sentiment score of 0.84 beat Bitfarms' score of 0.16 indicating that Hut 8 is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Hut 8	3 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Bitfarms	1 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral

Which has more risk and volatility, HUT or BITF?

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

Which has better earnings and valuation, HUT or BITF?

Hut 8 has higher earnings, but lower revenue 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	C$142.55M	15.01	C$193.22M	C$4.09	7.87
Bitfarms	C$159.92M	3.88	-C$110.66M	-C$0.44	-3.98

Is HUT or BITF more profitable?

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
Hut 8	135.55%	40.91%	-4.25%
Bitfarms	-69.20%	-30.76%	-10.66%

Do analysts rate HUT or BITF?

Bitfarms has a consensus price target of C$3.75, indicating a potential upside of 111.86%. Given Bitfarms' higher probable upside, analysts plainly believe Bitfarms is more favorable than Hut 8.

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

Do institutionals & insiders have more ownership in HUT or BITF?

57.2% of Hut 8 shares are owned by institutional investors. Comparatively, 20.2% of Bitfarms shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Comparatively, 23.4% of Bitfarms shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

Hut 8 beats Bitfarms on 14 of the 17 factors compared between the two stocks.