BITF vs. HUT, SII, VBNK, WED, PTS, WFC, 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), VersaBank (VBNK), Westaim (WED), Points.com (PTS), Wall Financial (WFC), 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.
Hut 8 (TSE:HUT) and Bitfarms (TSE:BITF) are both small-cap financial services companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, analyst recommendations, media sentiment, risk, earnings and community ranking.
Bitfarms has a consensus target price of C$3.75, indicating a potential upside of 146.71%. Given Bitfarms' higher possible upside, analysts plainly believe Bitfarms is more favorable than Hut 8.
Hut 8 has a beta of 3.45, suggesting that its share price is 245% 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.
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.
In the previous week, Hut 8 had 3 more articles in the media than Bitfarms. MarketBeat recorded 8 mentions for Hut 8 and 5 mentions for Bitfarms. Hut 8's average media sentiment score of 0.98 beat Bitfarms' score of 0.17 indicating that Hut 8 is being referred to more favorably in the media.
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.
57.2% of Hut 8 shares are held by institutional investors. Comparatively, 20.2% of Bitfarms shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Comparatively, 23.4% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Hut 8 received 13 more outperform votes than Bitfarms when rated by MarketBeat users. However, 83.33% of users gave Bitfarms an outperform vote while only 78.26% of users gave Hut 8 an outperform vote.
Summary
Hut 8 beats Bitfarms on 15 of the 19 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 {thisCompany.Symbol} 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.
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This page (TSE:BITF) was last updated on 5/22/2025 by MarketBeat.com Staff
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