Bitfarms (BITF) Competitors C$2.59 -0.11 (-4.07%) (As of 11/1/2024 05:18 PM ET) Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesInsider Trades BITF vs. BLX, HUT, SII, HIVE, WED, WFC, VBNK, PTS, ML, and GRNShould you be buying Bitfarms stock or one of its competitors? The main competitors of Bitfarms include Boralex (BLX), Hut 8 (HUT), Sprott (SII), HIVE Digital Technologies (HIVE), Westaim (WED), Wall Financial (WFC), VersaBank (VBNK), Points.com (PTS), Millennial Lithium (ML), and Greenlane Renewables Inc. (GRN.V) (GRN). These companies are all part of the "banking" industry. Bitfarms vs. Boralex Hut 8 Sprott HIVE Digital Technologies Westaim Wall Financial VersaBank Points.com Millennial Lithium Greenlane Renewables Inc. (GRN.V) Boralex (TSE:BLX) and Bitfarms (TSE:BITF) are both utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, institutional ownership, risk, earnings, community ranking, profitability, media sentiment, valuation and analyst recommendations. Do analysts rate BLX or BITF? Boralex currently has a consensus price target of C$43.50, indicating a potential upside of 30.16%. Bitfarms has a consensus price target of C$7.50, indicating a potential upside of 189.58%. Given Bitfarms' higher possible upside, analysts clearly believe Bitfarms is more favorable than Boralex.Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Boralex 0 Sell rating(s) 0 Hold rating(s) 5 Buy rating(s) 2 Strong Buy rating(s) 3.29Bitfarms 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 0 Strong Buy rating(s) 3.00 Does the media refer more to BLX or BITF? In the previous week, Bitfarms had 2 more articles in the media than Boralex. MarketBeat recorded 3 mentions for Bitfarms and 1 mentions for Boralex. Bitfarms' average media sentiment score of 0.21 beat Boralex's score of 0.02 indicating that Bitfarms is being referred to more favorably in the news media. Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment Boralex 0 Very Positive mention(s) 1 Positive mention(s) 0 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Bitfarms 0 Very Positive mention(s) 2 Positive mention(s) 1 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Does the MarketBeat Community believe in BLX or BITF? Boralex received 388 more outperform votes than Bitfarms when rated by MarketBeat users. However, 100.00% of users gave Bitfarms an outperform vote while only 63.02% of users gave Boralex an outperform vote. CompanyUnderperformOutperformBoralexOutperform Votes39263.02% Underperform Votes23036.98% BitfarmsOutperform Votes4100.00% Underperform VotesNo Votes Is BLX or BITF more profitable? Boralex has a net margin of 9.91% compared to Bitfarms' net margin of -61.52%. Boralex's return on equity of 6.69% beat Bitfarms' return on equity.Company Net Margins Return on Equity Return on Assets Boralex9.91% 6.69% 2.54% Bitfarms -61.52%-28.46%-10.66% Which has preferable valuation and earnings, BLX or BITF? Boralex has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks. CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings RatioBoralexC$959M3.58C$95MC$0.9335.94BitfarmsC$172.70M6.79-C$106.25M-C$0.50-5.18 Which has more risk and volatility, BLX or BITF? Boralex has a beta of 0.46, suggesting that its stock price is 54% less volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.2, suggesting that its stock price is 220% more volatile than the S&P 500. Do institutionals and insiders believe in BLX or BITF? 58.3% of Boralex shares are held by institutional investors. Comparatively, 20.2% 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 company is poised for long-term growth. SummaryBoralex beats Bitfarms on 12 of the 19 factors compared between the two stocks. Ad Crypto 101 MediaMusk Says ‘Dollar Will Be Worth Nothing…’Elon Musk just issued an urgent warning… It's no secret that Musk is able to move markets with his words…All you have to do is claim your free ticket to the event now… 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. Email Address New MarketBeat Followers Over TimeWhat are MarkeBeat Followers?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. Skip ChartMedia Sentiment Over TimeWhat is Media Sentiment?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 Export to ExcelMetricBitfarmsCapital Markets IndustryFinancial SectorTSE ExchangeMarket CapC$1.17BC$596.63MC$3.42BC$5.94BDividend YieldN/A4.51%4.49%5.37%P/E Ratio-5.18320.83412.8925.87Price / Sales6.798,536.002,694.031,515.70Price / Cash4.0011.1650.6781.06Price / Book2.332.841.393.11Net Income-C$106.25MC$55.63MC$348.49MC$292.76M7 Day Performance-2.63%1.65%-0.55%-1.65%1 Month Performance-3.00%9.58%-0.56%2.32%1 Year Performance59.88%55.88%17.28%45.73% Bitfarms Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)BITFBitfarms2.3583 of 5 starsC$2.59-4.1%C$7.50+189.6%+71.5%C$1.17BC$172.70M-5.18110News CoverageBLXBoralex3.0481 of 5 starsC$33.41-0.2%C$43.50+30.2%+24.3%C$3.43BC$959M35.92180HUTHut 8N/AC$25.24+5.5%N/A+632.5%C$2.36BC$171.99M-23.59219News CoverageGap UpSIISprott0.8251 of 5 starsC$64.49+0.9%C$63.00-2.3%+54.9%C$1.64BC$182.34M29.45170Upcoming EarningsNews CoverageHIVEHIVE Digital Technologies0.2758 of 5 starsC$5.93+0.9%C$9.00+51.8%+16.4%C$704.01MC$123.14M-12.3520Gap UpHigh Trading VolumeWEDWestaim0.2553 of 5 starsC$4.93+0.8%C$4.75-3.7%+33.6%C$631.88MC$104.22M7.583,240News CoverageHigh Trading VolumeWFCWall FinancialN/AC$19.05flatN/A+1.1%C$612.46MC$186.46M24.74238,000VBNKVersaBank0.7037 of 5 starsC$21.11+2.2%C$12.00-43.2%+95.7%C$548.02MC$113.82M11.99100High Trading VolumePTSPoints.comN/AN/AN/AN/AC$480.57MC$432.40M169.26240,000News CoverageMLMillennial LithiumN/AC$4.04+2.0%N/A+0.0%C$395.36MN/A-20.20560Gap DownGRNGreenlane Renewables Inc. (GRN.V)N/AC$2.78+16.3%C$0.36-87.0%+0.0%C$368.17MC$16.93M-102.9649Gap Up Related Companies and Tools Related Companies Boralex Competitors Hut 8 Competitors Sprott Competitors HIVE Digital Technologies Competitors Westaim Competitors Wall Financial Competitors VersaBank Competitors Points.com Competitors Millennial Lithium Competitors Greenlane Renewables Inc. (GRN.V) Competitors Top 10 Stock Comparisons Bank Stocks Artificial Intelligence Stocks Toy Stocks Growth Stocks Airline Stocks Chinese Stocks EV Charging Stocks Defense Stocks Lithium Stocks Pharmaceutical Stocks This page (TSE:BITF) was last updated on 11/2/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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