Hut 8 (HUT) Competitors

Hut 8 logo
$120.51 -0.53 (-0.44%)
Closing price 06/23/2026 04:00 PM Eastern
Extended Trading
$120.87 +0.36 (+0.30%)
As of 06:23 AM Eastern
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HUT vs. BTBT, CIFR, CLSK, COIN, and HIVE

Should you buy Hut 8 stock or one of its competitors? MarketBeat compares Hut 8 with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Hut 8 include Bit Digital (BTBT), Cipher Mining (CIFR), Cleanspark (CLSK), Coinbase Global (COIN), and HIVE Digital Technologies (HIVE).

How does Hut 8 compare to Bit Digital?

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

In the previous week, Hut 8 had 15 more articles in the media than Bit Digital. MarketBeat recorded 16 mentions for Hut 8 and 1 mentions for Bit Digital. Hut 8's average media sentiment score of 1.12 beat Bit Digital's score of 0.67 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
13 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bit Digital
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bit Digital has lower revenue, but higher earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Bit Digital, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$235.12M57.71-$226.15M-$3.00N/A
Bit Digital$116.38M6.39-$80.32M-$0.68N/A

Hut 8 has a net margin of -109.77% compared to Bit Digital's net margin of -145.39%. Hut 8's return on equity of -0.35% beat Bit Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -0.35% -0.22%
Bit Digital -145.39%-8.44%-6.24%

Hut 8 presently has a consensus price target of $113.95, indicating a potential downside of 5.45%. Bit Digital has a consensus price target of $5.67, indicating a potential upside of 166.04%. Given Bit Digital's higher probable upside, analysts clearly believe Bit Digital is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89
Bit Digital
2 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00

Hut 8 has a beta of 4.61, meaning that its share price is 361% more volatile than the broader market. Comparatively, Bit Digital has a beta of 3.98, meaning that its share price is 298% more volatile than the broader market.

31.8% of Hut 8 shares are held by institutional investors. Comparatively, 47.7% of Bit Digital shares are held by institutional investors. 10.4% of Hut 8 shares are held by company insiders. Comparatively, 2.0% of Bit Digital shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

Hut 8 beats Bit Digital on 11 of the 16 factors compared between the two stocks.

How does Hut 8 compare to Cipher Mining?

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

Cipher Mining presently has a consensus target price of $27.69, suggesting a potential upside of 0.17%. Hut 8 has a consensus target price of $113.95, suggesting a potential downside of 5.45%. Given Cipher Mining's higher possible upside, equities research analysts clearly believe Cipher Mining is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cipher Mining
1 Sell rating(s)
2 Hold rating(s)
15 Buy rating(s)
1 Strong Buy rating(s)
2.84
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

Hut 8 has a net margin of -109.77% compared to Cipher Mining's net margin of -427.79%. Hut 8's return on equity of -0.35% beat Cipher Mining's return on equity.

Company Net Margins Return on Equity Return on Assets
Cipher Mining-427.79% -117.65% -24.68%
Hut 8 -109.77%-0.35%-0.22%

12.3% of Cipher Mining shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 2.6% of Cipher Mining shares are held by insiders. Comparatively, 10.4% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Hut 8 has higher revenue and earnings than Cipher Mining. Hut 8 is trading at a lower price-to-earnings ratio than Cipher Mining, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cipher Mining$223.94M50.49-$822.24M-$2.33N/A
Hut 8$235.12M57.71-$226.15M-$3.00N/A

In the previous week, Cipher Mining had 2 more articles in the media than Hut 8. MarketBeat recorded 18 mentions for Cipher Mining and 16 mentions for Hut 8. Hut 8's average media sentiment score of 1.12 beat Cipher Mining's score of 0.47 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cipher Mining
9 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
13 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cipher Mining has a beta of 3.18, indicating that its stock price is 218% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.61, indicating that its stock price is 361% more volatile than the broader market.

Summary

Hut 8 beats Cipher Mining on 12 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Cleanspark?

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

In the previous week, Hut 8 had 13 more articles in the media than Cleanspark. MarketBeat recorded 16 mentions for Hut 8 and 3 mentions for Cleanspark. Hut 8's average media sentiment score of 1.12 beat Cleanspark's score of 0.75 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cleanspark
1 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
13 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cleanspark has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Cleanspark, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cleanspark$766.31M5.76$364.46M-$2.10N/A
Hut 8$235.12M57.71-$226.15M-$3.00N/A

Cleanspark currently has a consensus target price of $20.67, suggesting a potential upside of 20.26%. Hut 8 has a consensus target price of $113.95, suggesting a potential downside of 5.45%. Given Cleanspark's higher possible upside, equities research analysts plainly believe Cleanspark is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cleanspark
2 Sell rating(s)
0 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.81
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

Cleanspark has a beta of 3.79, indicating that its stock price is 279% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.61, indicating that its stock price is 361% more volatile than the broader market.

Cleanspark has a net margin of -67.66% compared to Hut 8's net margin of -109.77%. Cleanspark's return on equity of 7.07% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Cleanspark-67.66% 7.07% 3.77%
Hut 8 -109.77%-0.35%-0.22%

43.1% of Cleanspark shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 2.1% of Cleanspark shares are owned by company insiders. Comparatively, 10.4% of Hut 8 shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Cleanspark beats Hut 8 on 10 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Coinbase Global?

Hut 8 (NASDAQ:HUT) and Coinbase Global (NASDAQ:COIN) are both large-cap finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their analyst recommendations, profitability, valuation, risk, earnings, media sentiment, institutional ownership and dividends.

Coinbase Global has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Coinbase Global, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$235.12M57.71-$226.15M-$3.00N/A
Coinbase Global$6.56B6.35$1.26B$2.6659.47

Coinbase Global has a net margin of 12.20% compared to Hut 8's net margin of -109.77%. Coinbase Global's return on equity of 4.16% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -0.35% -0.22%
Coinbase Global 12.20%4.16%2.07%

Hut 8 has a beta of 4.61, indicating that its stock price is 361% more volatile than the broader market. Comparatively, Coinbase Global has a beta of 3.32, indicating that its stock price is 232% more volatile than the broader market.

Hut 8 currently has a consensus price target of $113.95, suggesting a potential downside of 5.45%. Coinbase Global has a consensus price target of $250.65, suggesting a potential upside of 58.46%. Given Coinbase Global's higher probable upside, analysts clearly believe Coinbase Global is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89
Coinbase Global
3 Sell rating(s)
12 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.45

In the previous week, Coinbase Global had 47 more articles in the media than Hut 8. MarketBeat recorded 63 mentions for Coinbase Global and 16 mentions for Hut 8. Hut 8's average media sentiment score of 1.12 beat Coinbase Global's score of 0.58 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
13 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Coinbase Global
27 Very Positive mention(s)
15 Positive mention(s)
9 Neutral mention(s)
3 Negative mention(s)
5 Very Negative mention(s)
Positive

31.8% of Hut 8 shares are held by institutional investors. Comparatively, 68.8% of Coinbase Global shares are held by institutional investors. 10.4% of Hut 8 shares are held by company insiders. Comparatively, 16.7% of Coinbase Global shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Summary

Coinbase Global beats Hut 8 on 12 of the 16 factors compared between the two stocks.

How does Hut 8 compare to HIVE Digital Technologies?

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

In the previous week, Hut 8 had 1 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 16 mentions for Hut 8 and 15 mentions for HIVE Digital Technologies. Hut 8's average media sentiment score of 1.12 beat HIVE Digital Technologies' score of 0.12 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
HIVE Digital Technologies
6 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
13 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

HIVE Digital Technologies has a beta of 3.74, suggesting that its share price is 274% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.61, suggesting that its share price is 361% more volatile than the broader market.

HIVE Digital Technologies has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than HIVE Digital Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
HIVE Digital Technologies$297.79M4.11-$148.45M-$0.56N/A
Hut 8$235.12M57.71-$226.15M-$3.00N/A

24.4% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 10.4% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

HIVE Digital Technologies presently has a consensus target price of $6.90, suggesting a potential upside of 49.03%. Hut 8 has a consensus target price of $113.95, suggesting a potential downside of 5.45%. Given HIVE Digital Technologies' higher possible upside, equities research analysts plainly believe HIVE Digital Technologies is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HIVE Digital Technologies
1 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.56
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

HIVE Digital Technologies has a net margin of -49.21% compared to Hut 8's net margin of -109.77%. Hut 8's return on equity of -0.35% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-49.21% -23.12% -20.33%
Hut 8 -109.77%-0.35%-0.22%

Summary

Hut 8 beats HIVE Digital Technologies on 10 of the 16 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$13.63B$7.20B$14.00B$12.38B
Dividend YieldN/A5.36%5.76%5.83%
P/E Ratio-40.1717.7320.2323.99
Price / Sales57.7111.45144.64106.76
Price / Cash268.7655.7619.5254.51
Price / Book7.853.502.256.50
Net Income-$226.15M$303.39M$1.14B$336.88M
7 Day Performance1.37%-0.86%0.59%-0.16%
1 Month Performance13.80%-0.42%1.14%0.76%
1 Year Performance599.01%10.82%14.61%28.49%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.7668 of 5 stars
$120.51
-0.4%
$113.95
-5.4%
+658.4%$13.63B$235.12MN/A219
BTBT
Bit Digital
3.5906 of 5 stars
$1.74
+0.6%
$5.67
+225.7%
-8.2%$607.59M$113.56MN/A10
CIFR
Cipher Mining
2.1176 of 5 stars
$24.50
+8.3%
$27.69
+13.0%
+683.0%$10.02B$209.82MN/A10
CLSK
Cleanspark
3.1228 of 5 stars
$16.48
+1.9%
$20.67
+25.4%
+94.2%$4.23B$766.31MN/A130
COIN
Coinbase Global
4.3767 of 5 stars
$159.78
-0.4%
$250.23
+56.6%
-48.6%$42.10B$7.18B60.074,951

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This page (NASDAQ:HUT) was last updated on 6/24/2026 by MarketBeat.com Staff.
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