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Hut 8 (HUT) Competitors

Hut 8 logo
$44.60 +2.87 (+6.88%)
Closing price 10/8/2025 04:00 PM Eastern
Extended Trading
$44.36 -0.23 (-0.53%)
As of 06:00 AM Eastern
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HUT vs. BITF, BTBT, CLSK, COIN, HIVE, IREN, MARA, MSTR, RIOT, and BCH

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 Banco De Chile (BCH).

Hut 8 vs. Its Competitors

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

Hut 8 presently has a consensus price target of $29.88, suggesting a potential downside of 33.00%. Bitfarms has a consensus price target of $3.69, suggesting a potential downside of 7.81%. Given Bitfarms' higher possible upside, analysts clearly 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)
1 Hold rating(s)
16 Buy rating(s)
3 Strong Buy rating(s)
3.10
Bitfarms
1 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.67

31.8% of Hut 8 shares are held by institutional investors. Comparatively, 20.6% of Bitfarms shares are held by institutional investors. 11.2% of Hut 8 shares are held by company insiders. Comparatively, 9.5% of Bitfarms shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Hut 8 has higher revenue and earnings than Bitfarms.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$550.39M8.55$331.88MN/AN/A
Bitfarms$245.66M9.16-$95.59M-$0.17-23.53

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, Bitfarms had 10 more articles in the media than Hut 8. MarketBeat recorded 15 mentions for Bitfarms and 5 mentions for Hut 8. Hut 8's average media sentiment score of 0.81 beat Bitfarms' score of 0.61 indicating that Hut 8 is being referred to more favorably in the media.

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

Hut 8 has a beta of 4.36, indicating that its share price is 336% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.73, indicating that its share price is 273% more volatile than the S&P 500.

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$4.40B$8.08B$12.67B$10.54B
Dividend YieldN/A4.85%5.54%4.71%
P/E RatioN/A16.5830.2227.60
Price / Sales8.556.0830.22202.41
Price / Cash38.4828.2222.5761.55
Price / Book4.522.782.296.76
Net Income$331.88M$313.50M$1.02B$275.88M
7 Day Performance14.24%0.75%0.36%2.81%
1 Month Performance52.22%6.55%0.36%9.24%
1 Year Performance306.56%29.60%539.83%35.42%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
2.0888 of 5 stars
$44.60
+6.9%
$29.88
-33.0%
+293.5%$4.40B$550.39M0.00219Positive News
Analyst Forecast
BITF
Bitfarms
0.9366 of 5 stars
$3.01
+2.7%
$3.69
+22.5%
+117.4%$1.68B$245.66M-17.70110Analyst Forecast
Gap Up
BTBT
Bit Digital
2.7322 of 5 stars
$3.50
+0.6%
$6.33
+81.0%
+30.3%$1.13B$108.05M-11.2910Analyst Forecast
CLSK
Cleanspark
3.314 of 5 stars
$15.94
+5.3%
$20.36
+27.7%
+110.9%$4.48B$378.97M18.75130Analyst Forecast
Gap Up
COIN
Coinbase Global
2.9701 of 5 stars
$380.02
+2.1%
$367.27
-3.4%
+130.9%$97.64B$6.56B36.753,772Trending News
Analyst Forecast
Insider Trade
HIVE
HIVE Digital Technologies
1.408 of 5 stars
$4.45
+2.1%
$6.93
+55.7%
+117.3%$1.05B$128.65M-22.2520Analyst Forecast
Options Volume
High Trading Volume
IREN
IREN
2.966 of 5 stars
$50.46
+7.3%
$47.73
-5.4%
+646.5%$13.72B$501.02M85.53100Trending News
Analyst Forecast
Options Volume
Gap Down
MARA
Marathon Digital
3.0391 of 5 stars
$18.82
+0.2%
$24.30
+29.1%
+27.6%$6.97B$656.38M16.959Analyst Forecast
Gap Down
MSTR
Strategy
4.8228 of 5 stars
$351.63
-0.2%
$509.54
+44.9%
+72.1%$99.70B$463.46M30.951,534Trending News
Analyst Forecast
Gap Up
RIOT
Riot Platforms
1.2642 of 5 stars
$19.44
+1.0%
$20.65
+6.2%
+169.5%$7.19B$541.72M-45.21340Analyst Forecast
BCH
Banco De Chile
1.9958 of 5 stars
$30.57
+2.5%
$23.00
-24.8%
+27.8%$15.44B$3.01T10.8811,614Positive News
Analyst Forecast

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This page (NASDAQ:HUT) was last updated on 10/9/2025 by MarketBeat.com Staff
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