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Hut 8 (HUT) Competitors

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$20.95 -0.39 (-1.83%)
As of 10:51 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

HUT vs. BITF, BTBT, CLSK, COIN, HIVE, IREN, MARA, MSTR, RIOT, and UPST

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), MicroStrategy (MSTR), Riot Platforms (RIOT), and Upstart (UPST).

Hut 8 vs. Its Competitors

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

Hut 8 has a beta of 4.32, indicating that its share price is 332% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.45, indicating that its share price is 245% more volatile than the S&P 500.

Hut 8 currently has a consensus price target of $26.12, suggesting a potential upside of 24.67%. Bitfarms has a consensus price target of $3.95, suggesting a potential upside of 217.27%. 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)
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 net margin of -39.92% compared to Bitfarms' net margin of -40.09%. Hut 8's return on equity of 13.00% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-39.92% 13.00% 8.25%
Bitfarms -40.09%-12.70%-11.18%

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$162.38M13.45$331.88MN/AN/A
Bitfarms$192.88M3.60-$105.93M-$0.19-6.55

In the previous week, Hut 8 and Hut 8 both had 8 articles in the media. Hut 8's average media sentiment score of 1.02 beat Bitfarms' score of 0.56 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
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bitfarms
2 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Hut 8 beats Bitfarms on 12 of the 14 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$2.17B$7.81B$12.12B$9.41B
Dividend YieldN/A4.81%5.56%4.03%
P/E RatioN/A18.8619.1619.80
Price / Sales13.456.1526.5997.38
Price / Cash19.9321.5618.5528.17
Price / Book2.122.772.325.65
Net Income$331.88M$311.63M$997.29M$257.76M
7 Day Performance-2.83%7.37%1.50%3.16%
1 Month Performance25.45%19.05%4.70%13.43%
1 Year Performance3.41%23.19%540.54%16.53%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
2.9833 of 5 stars
$20.95
-1.8%
$26.12
+24.7%
+9.3%$2.17B$162.38M0.00219Positive News
BITF
Bitfarms
2.9575 of 5 stars
$1.13
+8.7%
$3.95
+249.6%
-59.5%$630.03M$192.88M-5.95110Analyst Upgrade
Gap Up
BTBT
Bit Digital
3.4242 of 5 stars
$3.32
-13.5%
$6.33
+90.8%
-14.7%$987.97M$108.05M-7.0610Analyst Revision
Gap Up
High Trading Volume
CLSK
Cleanspark
3.4191 of 5 stars
$12.39
-3.1%
$20.38
+64.4%
-30.5%$3.48B$378.97M-12.91130Gap Up
COIN
Coinbase Global
3.0127 of 5 stars
$413.63
-1.5%
$320.06
-22.6%
+60.5%$105.01B$6.56B77.463,772Trending News
Analyst Forecast
HIVE
HIVE Digital Technologies
2.8144 of 5 stars
$2.27
+1.8%
$6.67
+193.7%
-45.3%$498.49M$115.28M-6.3120High Trading Volume
IREN
IREN
2.6181 of 5 stars
$18.15
+1.2%
$20.44
+12.6%
+60.6%$3.41B$188.76M0.00100Gap Up
High Trading Volume
MARA
Marathon Digital
2.9569 of 5 stars
$18.83
-3.5%
$21.28
+13.0%
-23.9%$6.63B$656.38M-12.999Analyst Forecast
Gap Up
MSTR
MicroStrategy
4.0963 of 5 stars
$426.28
+0.7%
$525.67
+23.3%
+139.7%$116.54B$463.46M-19.542,150Trending News
RIOT
Riot Platforms
1.6035 of 5 stars
$14.02
+1.2%
$17.35
+23.8%
+16.5%$5.01B$376.66M-10.62340Analyst Forecast
Gap Up
High Trading Volume
UPST
Upstart
3.3676 of 5 stars
$76.68
-2.1%
$71.62
-6.6%
+175.9%$7.30B$636.53M-102.241,193

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This page (NASDAQ:HUT) was last updated on 7/22/2025 by MarketBeat.com Staff
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