Go Pro

Hut 8 (HUT) Competitors

Hut 8 logo
$98.60 +8.00 (+8.83%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$98.56 -0.04 (-0.04%)
As of 09/11/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

HUT vs. BTBT, CIFR, CLSK, COIN, and HIVE

Should you buy Hut 8 stock or one of its competitors? Hut 8's main competitors and comparable companies include Bit Digital (BTBT), Cipher Mining (CIFR), Cleanspark (CLSK), Coinbase Global (COIN), and HIVE Digital Technologies (HIVE). Companies are selected based on similarities in market, industry, and size.

How does Hut 8 compare to Bit Digital?

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

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$235.12M51.69-$226.15M-$5.45N/A
Bit Digital$113.56M5.05-$80.32M-$1.06N/A

In the previous week, Hut 8 and Hut 8 both had 16 articles in the media. Hut 8's average media sentiment score of 1.27 beat Bit Digital's score of 0.92 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
10 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bit Digital
1 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hut 8 has a net margin of -188.59% compared to Bit Digital's net margin of -237.19%. Hut 8's return on equity of -0.97% beat Bit Digital's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.59% -0.97% -0.36%
Bit Digital -237.19%-10.66%-6.81%

Hut 8 currently has a consensus target price of $144.89, suggesting a potential upside of 46.95%. Bit Digital has a consensus target price of $4.38, suggesting a potential upside of 175.16%. Given Bit Digital's higher possible 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)
3 Strong Buy rating(s)
3.05
Bit Digital
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 47.7% of Bit Digital shares are owned by institutional investors. 10.4% of Hut 8 shares are owned by insiders. Comparatively, 2.0% of Bit Digital shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Hut 8 has a beta of 4.51, suggesting that its share price is 351% more volatile than the broader market. Comparatively, Bit Digital has a beta of 3.97, suggesting that its share price is 297% more volatile than the broader market.

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 technology companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, media sentiment, analyst recommendations, risk, institutional ownership, profitability and earnings.

12.3% of Cipher Mining shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 3.1% of Cipher Mining 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 large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Cipher Mining presently has a consensus price target of $28.61, indicating a potential upside of 69.80%. Hut 8 has a consensus price target of $144.89, indicating a potential upside of 46.95%. Given Cipher Mining's higher possible upside, equities research analysts plainly 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)
1 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.89
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
3 Strong Buy rating(s)
3.05

Cipher Mining has a beta of 3.15, suggesting that its stock price is 215% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.51, suggesting that its stock price is 351% more volatile than the broader market.

In the previous week, Cipher Mining and Cipher Mining both had 16 articles in the media. Hut 8's average media sentiment score of 1.27 beat Cipher Mining's score of 0.80 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
6 Very Positive mention(s)
3 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
10 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$223.94M31.23-$822.24M-$2.86N/A
Hut 8$235.12M51.69-$226.15M-$5.45N/A

Hut 8 has a net margin of -188.59% compared to Cipher Mining's net margin of -585.75%. Hut 8's return on equity of -0.97% beat Cipher Mining's return on equity.

Company Net Margins Return on Equity Return on Assets
Cipher Mining-585.75% -156.28% -21.29%
Hut 8 -188.59%-0.97%-0.36%

Summary

Hut 8 beats Cipher Mining on 13 of the 16 factors compared between the two stocks.

How does Hut 8 compare to Cleanspark?

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

Cleanspark has a net margin of -146.90% compared to Hut 8's net margin of -188.59%. Hut 8's return on equity of -0.97% beat Cleanspark's return on equity.

Company Net Margins Return on Equity Return on Assets
Cleanspark-146.90% -18.63% -8.15%
Hut 8 -188.59%-0.97%-0.36%

43.1% of Cleanspark shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 2.1% of Cleanspark shares are held by insiders. Comparatively, 10.4% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Cleanspark has a beta of 3.84, indicating that its stock price is 284% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.51, indicating that its stock price is 351% more volatile than the broader market.

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$766.31M4.58$364.46M-$3.77N/A
Hut 8$235.12M51.69-$226.15M-$5.45N/A

In the previous week, Hut 8 had 5 more articles in the media than Cleanspark. MarketBeat recorded 16 mentions for Hut 8 and 11 mentions for Cleanspark. Hut 8's average media sentiment score of 1.27 beat Cleanspark's score of 0.35 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
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
10 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cleanspark presently has a consensus target price of $23.88, indicating a potential upside of 74.72%. Hut 8 has a consensus target price of $144.89, indicating a potential upside of 46.95%. 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
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
3 Strong Buy rating(s)
3.05

Summary

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

How does Hut 8 compare to Coinbase Global?

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

Coinbase Global has a net margin of -15.72% compared to Hut 8's net margin of -188.59%. Coinbase Global's return on equity of 3.12% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Coinbase Global-15.72% 3.12% 1.54%
Hut 8 -188.59%-0.97%-0.36%

68.8% of Coinbase Global shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 16.7% of Coinbase Global 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 hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Coinbase Global currently has a consensus target price of $218.74, suggesting a potential upside of 24.81%. Hut 8 has a consensus target price of $144.89, suggesting a potential upside of 46.95%. Given Hut 8's stronger consensus rating and higher probable upside, analysts clearly believe Hut 8 is more favorable than Coinbase Global.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coinbase Global
4 Sell rating(s)
11 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.42
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
3 Strong Buy rating(s)
3.05

In the previous week, Coinbase Global had 43 more articles in the media than Hut 8. MarketBeat recorded 59 mentions for Coinbase Global and 16 mentions for Hut 8. Hut 8's average media sentiment score of 1.27 beat Coinbase Global's score of 0.80 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Coinbase Global
29 Very Positive mention(s)
10 Positive mention(s)
12 Neutral mention(s)
5 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
10 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Coinbase Global$7.18B6.44$1.26B-$3.84N/A
Hut 8$235.12M51.69-$226.15M-$5.45N/A

Coinbase Global has a beta of 3.39, suggesting that its stock price is 239% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.51, suggesting that its stock price is 351% more volatile than the broader market.

Summary

Coinbase Global beats Hut 8 on 10 of the 17 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 technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, media sentiment, dividends and risk.

24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 9.4% of HIVE Digital Technologies 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 large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

In the previous week, Hut 8 had 9 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 16 mentions for Hut 8 and 7 mentions for HIVE Digital Technologies. Hut 8's average media sentiment score of 1.27 beat HIVE Digital Technologies' score of 0.59 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
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
10 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

HIVE Digital Technologies has a beta of 3.75, suggesting that its stock price is 275% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.51, suggesting that its stock price is 351% more volatile than the broader market.

HIVE Digital Technologies currently has a consensus price target of $6.95, suggesting a potential upside of 129.37%. Hut 8 has a consensus price target of $144.89, suggesting a potential upside of 46.95%. Given HIVE Digital Technologies' higher possible upside, research analysts clearly 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)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.63
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
3 Strong Buy rating(s)
3.05

HIVE Digital Technologies has a net margin of -98.49% compared to Hut 8's net margin of -188.59%. Hut 8's return on equity of -0.97% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-98.49% -31.98% -23.71%
Hut 8 -188.59%-0.97%-0.36%

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$297.79M2.79-$148.45M-$1.29N/A
Hut 8$235.12M51.69-$226.15M-$5.45N/A

Summary

Hut 8 beats HIVE Digital Technologies on 11 of the 17 factors compared between the two stocks.

Get Hut 8 News Delivered to You Automatically

Sign up to receive the latest news and ratings for HUT and its competitors with MarketBeat's FREE daily newsletter.

Subscribe Now
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

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.
Skip Chart

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.
Skip Chart

HUT vs. The Competition

MetricHut 8Software IndustryTechnology SectorNASDAQ Exchange
Market Cap$12.15B$15.48B$30.14B$12.85B
Dividend YieldN/A3.44%2.74%11.17%
P/E Ratio-18.09138.7176.7825.36
Price / Sales51.691,293.53593.46116.78
Price / Cash218.9444.8447.9151.52
Price / Book6.428.347.706.20
Net Income-$226.15M$434.47M$704.99M$358.50M
7 Day Performance5.41%-2.04%-1.08%-2.35%
1 Month Performance18.87%-2.34%-4.27%-3.23%
1 Year Performance203.95%-0.28%180.50%8.79%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
3.2354 of 5 stars
$98.60
+8.8%
$144.89
+47.0%
+203.9%$12.15B$235.12MN/A248
BTBT
Bit Digital
3.1984 of 5 stars
$1.64
+0.6%
$5.13
+212.5%
-46.5%$587.83M$113.56MN/A10
CIFR
Cipher Mining
3.1125 of 5 stars
$17.74
+2.1%
$28.61
+61.3%
+55.3%$7.21B$223.94MN/A10
CLSK
Cleanspark
3.3087 of 5 stars
$12.69
+0.9%
$23.88
+88.2%
+32.1%$3.23B$766.31MN/A130
COIN
Coinbase Global
3.3873 of 5 stars
$184.64
-4.2%
$216.87
+17.5%
-45.7%$50.84B$7.18B125.134,951

Related Companies and Tools


This page (NASDAQ:HUT) was last updated on 9/13/2026 by MarketBeat.com Staff.
From Our Partners