Comprehensive Stock Comparison
Compare Bitfarms Ltd. (BITF) vs Riot Platforms, Inc. (RIOT) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | RIOT | 34.2% revenue growth vs BITF's 31.8% |
| Quality / Margins | RIOT | 29.0% net margin vs BITF's -28.0% |
| Stability / Safety | RIOT | Beta 2.35 vs BITF's 2.61 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | BITF | +89.7% vs RIOT's +75.5% |
| Efficiency (ROA) | RIOT | 3.7% ROA vs BITF's -16.3%, ROIC 4.1% vs -17.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Bitfarms is a cryptocurrency mining company that operates large-scale data centers to validate blockchain transactions and earn digital assets. It generates revenue primarily from Bitcoin mining rewards — which account for the vast majority of its income — supplemented by hosting third-party mining hardware and providing electrical services. The company's competitive advantage lies in its vertically integrated operations, low-cost hydroelectric power access in Quebec, and industrial-scale mining infrastructure that provides cost efficiency.
Riot Platforms is a Bitcoin mining company that operates large-scale mining facilities in Texas and Kentucky. It generates revenue primarily from Bitcoin mining rewards (the majority of income) and secondarily from engineering services — designing and manufacturing power distribution equipment for data centers and industrial clients. The company's competitive advantage lies in its vertically integrated operations — owning its mining facilities and power infrastructure — which provides cost control and operational efficiency in the energy-intensive mining business.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
RIOT leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). BITF leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
RIOT is the larger business by revenue, generating $377M annually — 2.0x BITF's $193M. RIOT is the more profitable business, keeping 29.0% of every revenue dollar as net income compared to BITF's -28.0%.
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| RevenueTrailing 12 months | $193M | $377M |
| EBITDAEarnings before interest/tax | $7M | $577M |
| Net IncomeAfter-tax profit | -$130M | $164M |
| Free Cash FlowCash after capex | -$458M | -$1.5B |
| Gross MarginGross profit ÷ Revenue | -16.8% | +30.2% |
| Operating MarginEBIT ÷ Revenue | -55.8% | +40.8% |
| Net MarginNet income ÷ Revenue | -28.0% | +29.0% |
| FCF MarginFCF ÷ Revenue | -2.5% | -4.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -71.4% | +148.1% |
Valuation Metrics
On an enterprise value basis, RIOT's 17.5x EV/EBITDA is more attractive than BITF's 38.3x.
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| Market CapShares × price | $1.3B | $6.0B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $6.4B |
| Trailing P/EPrice ÷ TTM EPS | -16.92x | 47.91x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 38.30x | 17.45x |
| Price / SalesMarket cap ÷ Revenue | 6.82x | 16.05x |
| Price / BookPrice ÷ Book value/share | 1.50x | 1.65x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
RIOT delivers a 4.7% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $-21 for BITF. BITF carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to RIOT's 0.20x.
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| ROE (TTM)Return on equity | -21.3% | +4.7% |
| ROA (TTM)Return on assets | -16.3% | +3.7% |
| ROICReturn on invested capital | -17.1% | +4.1% |
| ROCEReturn on capital employed | -22.9% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 3 |
| Debt / EquityFinancial leverage | 0.04x | 0.20x |
| Net DebtTotal debt minus cash | -$36M | $335M |
| Cash & Equiv.Liquid assets | $60M | $278M |
| Total DebtShort + long-term debt | $23M | $613M |
| Interest CoverageEBIT ÷ Interest expense | -24.35x | 20.48x |
Total Returns (with DRIP)
A $10,000 investment in BITF five years ago would be worth $4,247 today (with dividends reinvested), compared to $3,039 for RIOT. Over the past 12 months, BITF leads with a +89.7% total return vs RIOT's +75.5%. The 3-year compound annual growth rate (CAGR) favors RIOT at 37.6% vs BITF's 32.3% — a key indicator of consistent wealth creation.
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| YTD ReturnYear-to-date | -15.4% | +15.0% |
| 1-Year ReturnPast 12 months | +89.7% | +75.5% |
| 3-Year ReturnCumulative with dividends | +131.6% | +160.6% |
| 5-Year ReturnCumulative with dividends | -57.5% | -69.6% |
| 10-Year ReturnCumulative with dividends | +143.1% | +540.4% |
| CAGR (3Y)Annualised 3-year return | +32.3% | +37.6% |
Risk & Volatility
RIOT is the less volatile stock with a 2.35 beta — it tends to amplify market swings less than BITF's 2.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 68.0% from its 52-week high vs BITF's 33.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.61x | 2.35x |
| 52-Week HighHighest price in past year | $6.60 | $23.94 |
| 52-Week LowLowest price in past year | $0.67 | $6.19 |
| % of 52W HighCurrent price vs 52-week peak | +33.3% | +68.0% |
| RSI (14)Momentum oscillator 0–100 | 51.5 | 58.2 |
| Avg Volume (50D)Average daily shares traded | 32.2M | 16.2M |
Analyst Outlook
Wall Street rates BITF as "Buy" and RIOT as "Buy". Consensus price targets imply 184.1% upside for BITF (target: $6) vs 71.9% for RIOT (target: $28).
| Metric | BITFBitfarms Ltd. | RIOTRiot Platforms, I… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $6.25 | $28.00 |
| # AnalystsCovering analysts | 4 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 3 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Bitfarms Ltd. (BITF) | 100 | 526.81 | +426.8% |
| Riot Platforms, Inc. (RIOT) | 100 | 1,343.86 | +1243.9% |
Bitfarms Ltd. (BITF) returned -58% over 5 years vs Riot Platforms, Inc. (RIOT)'s -70%.
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bitfarms Ltd. (BITF) | $9M | $193M | +2049.2% |
| Riot Platforms, Inc. (RIOT) | $198086.00 | $377M | +190048.7% |
Riot Platforms, Inc.'s revenue grew from $0M (2015) to $377M (2024) — a 131.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bitfarms Ltd. (BITF) | 56.6% | -28.0% | -149.5% |
| Riot Platforms, Inc. (RIOT) | -44.2% | 29.0% | +165.7% |
Riot Platforms, Inc.'s net margin went from -44% (2015) to 29% (2024).
Chart 4EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Bitfarms Ltd. (BITF) | 0.09 | -0.13 | -245.9% |
| Riot Platforms, Inc. (RIOT) | -2.26 | 0.34 | +115.0% |
Riot Platforms, Inc.'s EPS grew from $-2.26 (2015) to $0.34 (2024).
Chart 5Free Cash Flow — 5 Years
Bitfarms Ltd. generated $-480M FCF in 2024 (-108% vs 2021). Riot Platforms, Inc. generated $-2B FCF in 2024 (-200% vs 2021).
BITF vs RIOT: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is BITF or RIOT a better buy right now?
Riot Platforms, Inc. (RIOT) offers the better valuation at 47.9x trailing P/E, making it the more compelling value choice. Analysts rate Bitfarms Ltd. (BITF) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BITF or RIOT?
Over the past 5 years, Bitfarms Ltd. (BITF) delivered a total return of -57.5%, compared to -69.6% for Riot Platforms, Inc. (RIOT). A $10,000 investment in BITF five years ago would be worth approximately $4K today (assuming dividends reinvested). Over 10 years, the gap is even starker: RIOT returned +540.4% versus BITF's +143.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BITF or RIOT?
By beta (market sensitivity over 5 years), Riot Platforms, Inc. (RIOT) is the lower-risk stock at 2.35β versus Bitfarms Ltd.'s 2.61β — meaning BITF is approximately 11% more volatile than RIOT relative to the S&P 500. On balance sheet safety, Bitfarms Ltd. (BITF) carries a lower debt/equity ratio of 4% versus 20% for Riot Platforms, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — BITF or RIOT?
Riot Platforms, Inc. (RIOT) is the more profitable company, earning 29.0% net margin versus -28.0% for Bitfarms Ltd. — meaning it keeps 29.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RIOT leads at 40.8% versus -55.8% for BITF. At the gross margin level — before operating expenses — RIOT leads at 30.2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — BITF or RIOT?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is BITF or RIOT better for a retirement portfolio?
For long-horizon retirement investors, Riot Platforms, Inc. (RIOT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+540.4% 10Y return). Bitfarms Ltd. (BITF) carries a higher beta of 2.61 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RIOT: +540.4%, BITF: +143.1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between BITF and RIOT?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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