BITF.TO vs. HUT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Bitfarms Ltd (BITF.TO) and Hut 8 Mining Corp. (HUT.TO).

Performance

BITF.TO vs. HUT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bitfarms Ltd (BITF.TO) and Hut 8 Mining Corp. (HUT.TO). The values are adjusted to include any dividend payments, if applicable.

BITF.TO vs. HUT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BITF.TO Bitfarms Ltd	-15.48%	51.64%	-44.68%	587.50%	-91.22%	155.20%	400.00%	-75.00%
HUT.TO Hut 8 Mining Corp.	3.36%	114.40%	66.52%	-39.03%	-88.32%	184.53%	226.17%	-60.22%

Fundamentals

Market Cap BITF.TO : CA$1.52B HUT.TO : CA$7.18B
EPS BITF.TO : -CA$0.23 HUT.TO : -CA$2.87
PS Ratio BITF.TO : 5.62 HUT.TO : 48.41
PB Ratio BITF.TO : 2.49 HUT.TO : 3.68
Total Revenue (TTM) BITF.TO : CA$270.06M HUT.TO : CA$157.62M
Gross Profit (TTM) BITF.TO : -CA$7.52M HUT.TO : -CA$19.38M
EBITDA (TTM) BITF.TO : CA$19.14M HUT.TO : CA$177.54M

Returns By Period

In the year-to-date period, BITF.TO achieves a -15.48% return, which is significantly lower than HUT.TO's 3.36% return.

BITF.TO

• 1D: 6.64%
• 1M: -9.00%
• YTD: -15.48%
• 6M: -30.53%
• 1Y: 141.59%
• 3Y*: 28.39%
• 5Y*: -15.32%
• 10Y*: —

HUT.TO

• 1D: 9.61%
• 1M: -10.14%
• YTD: 3.36%
• 6M: 34.71%
• 1Y: 290.19%
• 3Y*: 1.99%
• 5Y*: -23.39%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BITF.TO vs. HUT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITF.TO

BITF.TO Risk / Return Rank: 78
BITF.TO Sharpe Ratio Rank: 81
BITF.TO Sortino Ratio Rank: 85
BITF.TO Omega Ratio Rank: 79
BITF.TO Calmar Ratio Rank: 75
BITF.TO Martin Ratio Rank: 68

HUT.TO

HUT.TO Risk / Return Rank: 94
HUT.TO Sharpe Ratio Rank: 96
HUT.TO Sortino Ratio Rank: 92
HUT.TO Omega Ratio Rank: 88
HUT.TO Calmar Ratio Rank: 97
HUT.TO Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITF.TO vs. HUT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitfarms Ltd (BITF.TO) and Hut 8 Mining Corp. (HUT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BITF.TO	HUT.TO	Difference
Sharpe ratio Return per unit of total volatility	1.29	2.94	-1.65
Sortino ratio Return per unit of downside risk	2.36	2.96	-0.60
Omega ratio Gain probability vs. loss probability	1.28	1.36	-0.09
Calmar ratio Return relative to maximum drawdown	1.71	7.50	-5.78
Martin ratio Return relative to average drawdown	3.12	20.29	-17.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITF.TO vs. HUT.TO - Sharpe Ratio Comparison

The current BITF.TO Sharpe Ratio is 1.29, which is lower than the HUT.TO Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of BITF.TO and HUT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BITF.TO	HUT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	2.94	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.21	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.04	+0.08

Correlation

The correlation between BITF.TO and HUT.TO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BITF.TO vs. HUT.TO - Dividend Comparison

Neither BITF.TO nor HUT.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BITF.TO vs. HUT.TO - Drawdown Comparison

The maximum BITF.TO drawdown since its inception was -95.19%, roughly equal to the maximum HUT.TO drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for BITF.TO and HUT.TO.

Drawdown Indicators

	BITF.TO	HUT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-95.19%	-98.28%	+3.09%
Max Drawdown (1Y) Largest decline over 1 year	-74.40%	-38.49%	-35.91%
Max Drawdown (5Y) Largest decline over 5 years	-95.19%	-98.28%	+3.09%
Current Drawdown Current decline from peak	-75.25%	-86.82%	+11.57%
Average Drawdown Average peak-to-trough decline	-70.05%	-70.73%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.87%	14.22%	+26.65%

Volatility

BITF.TO vs. HUT.TO - Volatility Comparison

The current volatility for Bitfarms Ltd (BITF.TO) is 25.59%, while Hut 8 Mining Corp. (HUT.TO) has a volatility of 31.84%. This indicates that BITF.TO experiences smaller price fluctuations and is considered to be less risky than HUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITF.TO	HUT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.59%	31.84%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	82.25%	79.45%	+2.80%
Volatility (1Y) Calculated over the trailing 1-year period	110.81%	99.46%	+11.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.05%	110.99%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.24%	118.63%	+2.61%

Financials