Bitfarms (NASDAQ:BITF – Get Free Report) and HIVE Digital Technologies (NASDAQ:HIVE – Get Free Report) are both technology companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, valuation, profitability and risk.
Institutional & Insider Ownership
20.6% of Bitfarms shares are owned by institutional investors. Comparatively, 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 9.5% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Profitability
This table compares Bitfarms and HIVE Digital Technologies’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitfarms | -48.26% | -4.48% | -3.71% |
| HIVE Digital Technologies | -98.49% | -31.98% | -23.71% |
Analyst Ratings
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitfarms | 1 | 1 | 4 | 0 | 2.50 |
| HIVE Digital Technologies | 1 | 1 | 6 | 0 | 2.62 |
Bitfarms presently has a consensus price target of $4.67, indicating a potential upside of 23.03%. HIVE Digital Technologies has a consensus price target of $6.95, indicating a potential upside of 119.94%. Given HIVE Digital Technologies’ stronger consensus rating and higher possible upside, analysts plainly believe HIVE Digital Technologies is more favorable than Bitfarms.
Valuation and Earnings
This table compares Bitfarms and HIVE Digital Technologies”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitfarms | $229.28 million | 9.99 | -$138.65 million | ($0.23) | -16.52 |
| HIVE Digital Technologies | $297.79 million | 2.91 | -$148.45 million | ($1.29) | -2.45 |
Bitfarms has higher earnings, but lower revenue than HIVE Digital Technologies. 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.
Volatility & Risk
Bitfarms has a beta of 3.77, indicating that its share price is 277% more volatile than the S&P 500. Comparatively, HIVE Digital Technologies has a beta of 3.75, indicating that its share price is 275% more volatile than the S&P 500.
Summary
Bitfarms beats HIVE Digital Technologies on 8 of the 14 factors compared between the two stocks.
About Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
About HIVE Digital Technologies
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
Receive News & Ratings for Bitfarms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitfarms and related companies with MarketBeat.com's FREE daily email newsletter.
