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Hut 8 (HUT) Competitors

Hut 8 logo
$26.73 +0.22 (+0.83%)
Closing price 08/29/2025 04:00 PM Eastern
Extended Trading
$26.68 -0.05 (-0.17%)
As of 08/29/2025 07:58 PM Eastern
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HUT vs. BITF, BTBT, CLSK, COIN, HIVE, IREN, MARA, MSTR, RIOT, and CHYM

Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Bitfarms (BITF), Bit Digital (BTBT), Cleanspark (CLSK), Coinbase Global (COIN), HIVE Digital Technologies (HIVE), IREN (IREN), Marathon Digital (MARA), Strategy (MSTR), Riot Platforms (RIOT), and Chime Financial (CHYM).

Hut 8 vs. Its Competitors

Hut 8 (NASDAQ:HUT) and Bitfarms (NASDAQ:BITF) are both banking companies, but which is the superior stock? We will compare the two businesses based on the strength of their media sentiment, risk, earnings, profitability, institutional ownership, dividends, analyst recommendations and valuation.

Hut 8 has a net margin of 112.81% compared to Bitfarms' net margin of -35.09%. Hut 8's return on equity of 8.73% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8112.81% 8.73% 5.72%
Bitfarms -35.09%-9.86%-8.44%

In the previous week, Hut 8 had 16 more articles in the media than Bitfarms. MarketBeat recorded 20 mentions for Hut 8 and 4 mentions for Bitfarms. Bitfarms' average media sentiment score of 1.09 beat Hut 8's score of 0.89 indicating that Bitfarms is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
11 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bitfarms
3 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hut 8 has higher earnings, but lower revenue than Bitfarms.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$162.38M17.37$331.88MN/AN/A
Bitfarms$192.88M3.86-$94.55M-$0.17-7.88

Hut 8 currently has a consensus target price of $26.94, suggesting a potential upside of 0.79%. Bitfarms has a consensus target price of $3.95, suggesting a potential upside of 194.78%. Given Bitfarms' higher probable upside, analysts plainly believe Bitfarms is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
15 Buy rating(s)
4 Strong Buy rating(s)
3.21
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

Hut 8 has a beta of 4.33, suggesting that its stock price is 333% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.5, suggesting that its stock price is 250% more volatile than the S&P 500.

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 11.2% of Hut 8 shares are owned by company insiders. Comparatively, 9.5% of Bitfarms shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Summary

Hut 8 beats Bitfarms on 12 of the 15 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 HUT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ 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.
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HUT vs. The Competition

MetricHut 8FIN IndustryFinance SectorNASDAQ Exchange
Market Cap$2.82B$7.84B$12.49B$9.74B
Dividend YieldN/A4.62%5.42%4.48%
P/E RatioN/A17.00229.1226.59
Price / Sales17.376.8231.97159.07
Price / Cash24.6525.5819.0628.92
Price / Book2.713.052.316.08
Net Income$331.88M$311.02M$1.01B$265.93M
7 Day Performance13.99%1.27%0.53%0.36%
1 Month Performance35.14%5.49%4.55%5.58%
1 Year Performance164.39%30.00%541.64%19.67%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.2276 of 5 stars
$26.73
+0.8%
$26.94
+0.8%
+164.4%$2.82B$162.38M0.00219Positive News
Insider Trade
Gap Down
BITF
Bitfarms
1.9613 of 5 stars
$1.24
-2.4%
$3.95
+218.5%
-38.0%$689.63M$192.88M-7.29110
BTBT
Bit Digital
3.0585 of 5 stars
$2.78
-3.5%
$6.33
+127.8%
-20.2%$893.58M$108.05M-8.9710Positive News
CLSK
Cleanspark
4.4683 of 5 stars
$9.45
-3.8%
$20.47
+116.6%
-11.4%$2.66B$378.97M11.12130Positive News
COIN
Coinbase Global
4.3476 of 5 stars
$306.00
-4.3%
$352.72
+15.3%
+66.1%$78.62B$6.56B29.593,772
HIVE
HIVE Digital Technologies
2.9447 of 5 stars
$2.64
+4.8%
$6.83
+158.8%
-5.4%$605.46M$115.28M-13.2020
IREN
IREN
4.1332 of 5 stars
$23.12
+7.9%
$20.89
-9.7%
+234.8%$4.34B$188.76M0.00100Trending News
Analyst Forecast
Options Volume
Analyst Revision
Gap Up
MARA
Marathon Digital
3.5348 of 5 stars
$15.40
-5.5%
$24.22
+57.3%
-4.3%$5.71B$798.41M13.879
MSTR
Strategy
4.8655 of 5 stars
$343.20
-4.2%
$552.50
+61.0%
+152.5%$97.32B$462.32M30.211,534Trending News
RIOT
Riot Platforms
2.7885 of 5 stars
$13.28
+0.5%
$17.33
+30.5%
+82.7%$4.91B$376.66M-30.88340
CHYM
Chime Financial
N/A$26.87
-3.1%
$38.00
+41.4%
N/A$9.79B$1.94B0.001,465

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This page (NASDAQ:HUT) was last updated on 9/1/2025 by MarketBeat.com Staff
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