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Bitfarms (BITF) Competitors

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C$7.00 -0.41 (-5.53%)
As of 10/17/2025 04:00 PM Eastern

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$550.39M13.02C$193.22MC$1.4646.51
BitfarmsC$245.66M15.75-C$110.66M-C$0.16-43.75

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.

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

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 8135.55% 40.91% -4.25%
Bitfarms -69.20%-30.76%-10.66%

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.

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

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.
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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$5.03BC$1.53BC$4.85BC$9.82B
Dividend YieldN/A5.02%4.39%6.50%
P/E Ratio-43.75282.351,287.6629.25
Price / Sales15.75223.271,363.7011.33
Price / Cash4.0011.88127.7883.29
Price / Book5.494.933.535.70
Net Income-C$110.66MC$130.65MC$1.22BC$301.20M
7 Day Performance19.45%0.77%-0.31%0.14%
1 Month Performance62.79%10.37%0.35%3.11%
1 Year Performance145.61%52.01%41.85%34.90%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
0.9391 of 5 stars
C$7.00
-5.5%
C$3.75
-46.4%
+145.6%C$5.03BC$245.66M-43.75110Gap Up
High Trading Volume
HUT
Hut 8
N/AC$57.78
+3.3%
N/A+239.4%C$6.10BC$550.39M39.58219Gap Up
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$31.88
0.0%
N/AN/AC$4.53BN/A0.00206,500
SII
Sprott
1.1507 of 5 stars
C$120.54
+2.7%
C$93.33
-22.6%
+80.9%C$3.11BC$186.32M62.13170News Coverage
BLX
Boralex
2.3932 of 5 stars
C$28.15
-0.3%
C$39.00
+38.5%
-21.0%C$2.89BC$830M-312.78180Positive News
HIVE
HIVE Digital Technologies
N/AC$7.79
+24.8%
N/A+52.0%C$1.80BC$128.65M23.6120Gap Up
High Trading Volume
WED
Westaim
0.0156 of 5 stars
C$28.79
+0.0%
C$7.75
-73.1%
+468.6%C$965.96MC$42.11M-21.813,240Negative News
VBNK
VersaBank
1.281 of 5 stars
C$17.48
+0.7%
C$19.00
+8.7%
-20.3%C$562.30MC$116.83M18.60100Dividend Announcement
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WFC
Wall Financial
N/AC$14.36
-2.3%
N/A-23.7%C$459.69MC$191.30M14.80238,000
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down

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This page (TSE:BITF) was last updated on 10/19/2025 by MarketBeat.com Staff
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