BITF vs. HUT, SII, WFC, VBNK, PTS, WED, 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), Wall Financial (WFC), VersaBank (VBNK), Points.com (PTS), Westaim (WED), 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. Its Competitors
Hut 8 (TSE:HUT) and Bitfarms (TSE:BITF) are both financial services companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, media sentiment, analyst recommendations, risk, dividends and valuation.
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.
Bitfarms has a consensus target price of C$3.75, suggesting a potential upside of 156.85%. Given Bitfarms' higher probable upside, analysts plainly believe Bitfarms is more favorable than Hut 8.
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.
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 company insiders. Comparatively, 23.4% of Bitfarms shares are held by company 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 5 more articles in the media than Hut 8. MarketBeat recorded 15 mentions for Bitfarms and 10 mentions for Hut 8. Hut 8's average media sentiment score of 0.29 beat Bitfarms' score of 0.26 indicating that Hut 8 is being referred to more favorably in the media.
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.
Summary
Hut 8 beats Bitfarms on 13 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.
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.
Bitfarms Competitors List
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This page (TSE:BITF) was last updated on 7/17/2025 by MarketBeat.com Staff
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