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Bitfarms (BITF) Competitors

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C$8.24 -0.36 (-4.19%)
As of 06/4/2026

BITF vs. BNC, SII, BLX, HIVE, and VBNK

Should you buy Bitfarms stock or one of its competitors? MarketBeat compares Bitfarms with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Bitfarms include Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), Boralex (BLX), HIVE Digital Technologies (HIVE), and VersaBank (VBNK). These companies are all part of the "banking" industry.

How does Bitfarms compare to Purpose Canadian Financial Income Fund Series ETF?

Bitfarms (TSE:BITF) and Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) are both banking companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, risk, institutional ownership, profitability, earnings, media sentiment, dividends and valuation.

Purpose Canadian Financial Income Fund Series ETF has a net margin of 0.00% compared to Bitfarms' net margin of -160.41%. Purpose Canadian Financial Income Fund Series ETF's return on equity of 0.00% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-160.41% -56.78% -10.66%
Purpose Canadian Financial Income Fund Series ETF N/A N/A N/A

Purpose Canadian Financial Income Fund Series ETF has lower revenue, but higher earnings than Bitfarms.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A
Purpose Canadian Financial Income Fund Series ETFN/AN/AN/AN/AN/A

11.7% of Bitfarms shares are owned by institutional investors. Comparatively, 0.0% of Purpose Canadian Financial Income Fund Series ETF shares are owned by institutional investors. 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 will outperform the market over the long term.

Bitfarms has a beta of 3.414688, indicating that its share price is 241% more volatile than the broader market. Comparatively, Purpose Canadian Financial Income Fund Series ETF has a beta of 1.04, indicating that its share price is 4% more volatile than the broader market.

In the previous week, Bitfarms had 1 more articles in the media than Purpose Canadian Financial Income Fund Series ETF. MarketBeat recorded 1 mentions for Bitfarms and 0 mentions for Purpose Canadian Financial Income Fund Series ETF. Bitfarms' average media sentiment score of 0.00 equaled Purpose Canadian Financial Income Fund Series ETF'saverage media sentiment score.

Company Overall Sentiment
Bitfarms Neutral
Purpose Canadian Financial Income Fund Series ETF Neutral

Summary

Bitfarms beats Purpose Canadian Financial Income Fund Series ETF on 5 of the 8 factors compared between the two stocks.

How does Bitfarms compare to Sprott?

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
SprottC$368.97M11.50C$32.26MC$3.2850.16
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

Sprott presently has a consensus target price of C$211.00, indicating a potential upside of 28.24%. Given Sprott's stronger consensus rating and higher possible upside, equities research analysts plainly believe Sprott is more favorable than Bitfarms.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Sprott has a net margin of 22.40% compared to Bitfarms' net margin of -160.41%. Sprott's return on equity of 23.54% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Sprott22.40% 23.54% 10.25%
Bitfarms -160.41%-56.78%-10.66%

Sprott has a beta of 1.474419, indicating that its share price is 47% more volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, indicating that its share price is 241% more volatile than the broader market.

29.9% of Sprott shares are owned by institutional investors. Comparatively, 11.7% of Bitfarms shares are owned by institutional investors. 17.7% of Sprott shares are owned by insiders. Comparatively, 23.4% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

In the previous week, Sprott had 1 more articles in the media than Bitfarms. MarketBeat recorded 2 mentions for Sprott and 1 mentions for Bitfarms. Sprott's average media sentiment score of 0.75 beat Bitfarms' score of 0.00 indicating that Sprott is being referred to more favorably in the media.

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

Summary

Sprott beats Bitfarms on 13 of the 16 factors compared between the two stocks.

How does Bitfarms compare to Boralex?

Boralex (TSE:BLX) and Bitfarms (TSE:BITF) are both mid-cap banking companies, but which is the superior stock? We will contrast the two businesses based on the strength of their media sentiment, analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.

Boralex has a beta of 0.184176, suggesting that its stock price is 82% less volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, suggesting that its stock price is 241% more volatile than the broader market.

Boralex has a net margin of -3.56% compared to Bitfarms' net margin of -160.41%. Boralex's return on equity of -2.08% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Bitfarms -160.41%-56.78%-10.66%

42.3% of Boralex shares are held by institutional investors. Comparatively, 11.7% of Bitfarms shares are held by institutional investors. 0.2% of Boralex shares are held by company insiders. Comparatively, 23.4% of Bitfarms shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.21C$71.91M-C$0.31N/A
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

Boralex presently has a consensus price target of C$38.39, suggesting a potential upside of 4.33%. Given Boralex's stronger consensus rating and higher probable upside, analysts clearly believe Boralex is more favorable than Bitfarms.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

In the previous week, Boralex had 2 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for Boralex and 1 mentions for Bitfarms. Boralex's average media sentiment score of 0.22 beat Bitfarms' score of 0.00 indicating that Boralex is being referred to more favorably in the media.

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

Summary

Boralex beats Bitfarms on 13 of the 17 factors compared between the two stocks.

How does Bitfarms compare to HIVE Digital Technologies?

Bitfarms (TSE:BITF) and HIVE Digital Technologies (CVE:HIVE) are both financial services companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, valuation, media sentiment, risk, earnings, analyst recommendations, dividends and institutional ownership.

In the previous week, HIVE Digital Technologies had 2 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for HIVE Digital Technologies and 1 mentions for Bitfarms. HIVE Digital Technologies' average media sentiment score of 0.43 beat Bitfarms' score of 0.00 indicating that HIVE Digital Technologies is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
HIVE Digital Technologies
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

HIVE Digital Technologies has a net margin of -28.29% compared to Bitfarms' net margin of -160.41%. HIVE Digital Technologies' return on equity of -13.39% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-160.41% -56.78% -10.66%
HIVE Digital Technologies -28.29%-13.39%-8.78%

Bitfarms has a beta of 3.414688, meaning that its share price is 241% more volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 2.339164, meaning that its share price is 134% more volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A
HIVE Digital TechnologiesC$257.14M4.04-C$13.38M-C$0.77N/A

11.7% of Bitfarms shares are owned by institutional investors. Comparatively, 15.2% of HIVE Digital Technologies shares are owned by institutional investors. 23.4% of Bitfarms shares are owned by insiders. Comparatively, 0.4% of HIVE Digital Technologies shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Summary

HIVE Digital Technologies beats Bitfarms on 9 of the 13 factors compared between the two stocks.

How does Bitfarms compare to VersaBank?

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

VersaBank has lower revenue, but higher 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
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A
VersaBankC$141.48M6.27C$49.54MC$0.9429.30

In the previous week, VersaBank had 2 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for VersaBank and 1 mentions for Bitfarms. VersaBank's average media sentiment score of 0.71 beat Bitfarms' score of 0.00 indicating that VersaBank is being referred to more favorably in the news media.

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

Bitfarms has a beta of 3.414688, suggesting that its share price is 241% more volatile than the broader market. Comparatively, VersaBank has a beta of 1.720188, suggesting that its share price is 72% more volatile than the broader market.

VersaBank has a net margin of 9.34% compared to Bitfarms' net margin of -160.41%. VersaBank's return on equity of 5.64% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-160.41% -56.78% -10.66%
VersaBank 9.34%5.64%1.10%

11.7% of Bitfarms shares are owned by institutional investors. Comparatively, 10.1% of VersaBank shares are owned by institutional investors. 23.4% of Bitfarms shares are owned by company insiders. Comparatively, 38.8% of VersaBank shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

VersaBank beats Bitfarms on 9 of the 13 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$4.97BC$1.65BC$5.71BC$12.74B
Dividend YieldN/A6.13%5.28%6.20%
P/E Ratio-15.859.6916.3636.68
Price / Sales21.67248.681,103.8510.18
Price / Cash4.0011.8891.9082.29
Price / Book11.883.406.484.38
Net Income-C$110.66MC$142.57MC$1.13BC$299.09M
7 Day Performance-2.25%5.37%-0.28%-3.38%
1 Month Performance52.59%18.28%1.02%-2.14%
1 Year Performance553.97%64.00%18.88%41.48%

Bitfarms Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BITF
Bitfarms
N/AC$8.24
-4.2%
N/A+575.4%C$4.97BC$229.28MN/A110
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$38.61
-0.9%
N/A+39.2%C$5.49BN/AN/A206,500
SII
Sprott
3.0983 of 5 stars
C$183.65
+1.2%
C$211.00
+14.9%
+99.5%C$4.74BC$368.97M55.99170
BLX
Boralex
1.1639 of 5 stars
C$36.95
+0.2%
C$38.39
+3.9%
+15.6%C$3.80BC$898MN/A180
HIVE
HIVE Digital Technologies
N/AC$4.10
flat
N/A+50.2%C$1.04BC$257.14MN/A20

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This page (TSE:BITF) was last updated on 6/9/2026 by MarketBeat.com Staff.
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