Free Trial

Bitfarms (BITF) Competitors

Bitfarms logo
C$5.60 +0.75 (+15.46%)
As of 03:49 PM Eastern

BITF vs. HUT, SII, BLX, HIVE, WED, VBNK, PTS, WFC, ML, and GRN

Should you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Hut 8 (HUT), Sprott (SII), Boralex (BLX), HIVE Digital Technologies (HIVE), Westaim (WED), VersaBank (VBNK), Points.com (PTS), Wall Financial (WFC), Millennial Lithium (ML), and Greenlane Renewables Inc. (GRN.V) (GRN). 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 better investment? We will compare the two companies based on the strength of their profitability, dividends, analyst recommendations, risk, institutional ownership, earnings, media sentiment and valuation.

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. Bitfarms' average media sentiment score of 0.38 beat Hut 8's score of 0.22 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)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Bitfarms
2 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bitfarms has a consensus price target of C$3.75, suggesting a potential downside of 33.04%. Given Bitfarms' higher probable upside, analysts clearly 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

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%

Hut 8 has a beta of 4.581835, indicating that its share price is 358% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 5.11941, indicating that its share price is 412% more volatile than the S&P 500.

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$550.39M11.92C$193.22MC$1.4642.58
BitfarmsC$245.66M12.60-C$110.66M-C$0.16-35.00

37.6% of Hut 8 shares are held by institutional investors. Comparatively, 10.9% 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 large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Hut 8 beats Bitfarms on 11 of the 17 factors compared between the two stocks.

Get Bitfarms News Delivered to You Automatically

Sign up to receive the latest news and ratings for BITF and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

BITF vs. The Competition

MetricBitfarmsCapital Markets IndustryFinancial SectorTSE Exchange
Market CapC$3.09BC$1.38BC$6.46BC$9.71B
Dividend YieldN/A4.92%4.31%6.47%
P/E Ratio-35.00286.151,345.5427.04
Price / Sales12.60243.091,359.9011.01
Price / Cash4.0011.88127.6583.29
Price / Book4.394.763.535.84
Net Income-C$110.66MC$130.65MC$1.22BC$301.20M
7 Day Performance43.22%12.46%1.11%2.57%
1 Month Performance216.38%32.30%7.06%8.37%
1 Year Performance122.22%57.46%39.95%56.39%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
0.9277 of 5 stars
C$5.61
+15.7%
C$3.75
-33.2%
+88.0%C$3.10BC$245.66M-35.06110Insider Trade
High Trading Volume
HUT
Hut 8
N/AC$48.50
+5.0%
N/A+263.9%C$5.12BC$550.39M33.22219News Coverage
Gap Up
SII
Sprott
1.2784 of 5 stars
C$116.14
+2.0%
C$93.33
-19.6%
+101.3%C$3.00BC$186.32M59.87170
BLX
Boralex
2.405 of 5 stars
C$27.15
-0.7%
C$39.00
+43.6%
-20.0%C$2.81BC$830M-301.67180News Coverage
HIVE
HIVE Digital Technologies
N/AC$5.38
+8.7%
N/A+106.9%C$1.14BC$128.65M16.3020News Coverage
Insider Trade
High Trading Volume
WED
Westaim
N/AC$28.61
+0.7%
C$7.75
-72.9%
+594.3%C$953.53MC$42.11M-21.673,240
VBNK
VersaBank
1.5608 of 5 stars
C$17.48
-1.0%
C$19.00
+8.7%
-3.4%C$568.43MC$116.83M18.60100News Coverage
Positive News
Dividend Announcement
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WFC
Wall Financial
N/AC$14.81
+2.6%
N/A-26.2%C$461.94MC$191.30M15.27238,000
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%
N/A+0.0%C$368.17MC$16.93M-102.9649Gap Up

Related Companies and Tools


This page (TSE:BITF) was last updated on 10/8/2025 by MarketBeat.com Staff
From Our Partners