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Hut 8 (HUT) Competitors

Hut 8 logo
$40.64 +1.80 (+4.63%)
Closing price 04:00 PM Eastern
Extended Trading
$42.05 +1.41 (+3.47%)
As of 08:00 PM Eastern
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HUT vs. BITF, BTBT, CLSK, COIN, HIVE, IREN, MARA, MSTR, RIOT, and BAP

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 Credicorp (BAP).

Hut 8 vs. Its Competitors

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

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

In the previous week, Bitfarms had 9 more articles in the media than Hut 8. MarketBeat recorded 20 mentions for Bitfarms and 11 mentions for Hut 8. Hut 8's average media sentiment score of 0.78 beat Bitfarms' score of 0.33 indicating that Hut 8 is being referred to more favorably in the news media.

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$192.88M12.13-$95.59M-$0.17-24.47
Hut 8$162.38M26.41$331.88MN/AN/A

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
Bitfarms-35.09% -9.86% -8.44%
Hut 8 112.81%8.73%5.72%

Bitfarms presently has a consensus price target of $4.35, indicating a potential upside of 4.57%. Hut 8 has a consensus price target of $38.41, indicating a potential downside of 5.48%. Given Bitfarms' higher possible upside, equities research analysts plainly believe Bitfarms is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
1 Sell rating(s)
0 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.75
Hut 8
0 Sell rating(s)
1 Hold rating(s)
17 Buy rating(s)
2 Strong Buy rating(s)
3.05

20.6% of Bitfarms shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 9.5% of Bitfarms shares are held by company insiders. Comparatively, 11.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company 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$4.10B$7.92B$12.58B$10.66B
Dividend YieldN/A4.91%5.57%4.86%
P/E RatioN/A15.1021.1428.52
Price / Sales26.416.0730.16128.29
Price / Cash35.8128.9522.3761.42
Price / Book4.122.662.246.52
Net Income$331.88M$310.95M$1.02B$276.75M
7 Day Performance-16.69%0.87%0.96%0.20%
1 Month Performance14.74%0.34%-1.12%1.67%
1 Year Performance168.96%20.45%536.19%32.73%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.958 of 5 stars
$40.64
+4.6%
$38.41
-5.5%
+148.0%$4.10B$162.38M0.00219News Coverage
Analyst Forecast
Options Volume
Gap Up
BITF
Bitfarms
1.7568 of 5 stars
$5.01
-5.1%
$4.35
-13.2%
+87.6%$2.82B$192.88M-29.47110Analyst Forecast
Gap Up
High Trading Volume
BTBT
Bit Digital
2.3519 of 5 stars
$3.65
-1.1%
$6.33
+73.5%
-10.3%$1.17B$108.05M-11.7710Gap Down
CLSK
Cleanspark
4.1246 of 5 stars
$19.52
-2.4%
$22.83
+16.9%
+37.9%$5.49B$378.97M22.96130Analyst Forecast
COIN
Coinbase Global
4.0766 of 5 stars
$336.02
+1.7%
$367.94
+9.5%
+52.0%$86.34B$7.01B32.503,772Trending News
Upcoming Earnings
Analyst Forecast
HIVE
HIVE Digital Technologies
2.6908 of 5 stars
$5.71
-2.2%
$7.71
+35.1%
+27.6%$1.36B$115.28M-28.5520Analyst Forecast
Analyst Revision
Gap Up
IREN
IREN
2.1572 of 5 stars
$60.72
-1.8%
$51.64
-15.0%
+458.5%$16.51B$501.02M102.92100Trending News
Analyst Forecast
MARA
Marathon Digital
4.0027 of 5 stars
$19.57
-3.4%
$23.90
+22.1%
+0.9%$7.25B$656.38M17.639Analyst Forecast
Insider Trade
MSTR
Strategy
4.6472 of 5 stars
$289.87
+2.1%
$506.93
+74.9%
+27.8%$82.19B$463.46M25.521,534Trending News
Upcoming Earnings
Analyst Forecast
Insider Trade
RIOT
Riot Platforms
1.8957 of 5 stars
$20.03
+2.5%
$21.32
+6.4%
+91.4%$7.40B$376.66M-46.58340Upcoming Earnings
Analyst Forecast
BAP
Credicorp
4.1713 of 5 stars
$253.91
+0.5%
$250.00
-1.5%
+34.4%$20.20B$7.00B12.0338,000Positive News

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This page (NASDAQ:HUT) was last updated on 10/23/2025 by MarketBeat.com Staff
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