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Hut 8 (HUT) Competitors

Hut 8 logo
$131.29 -1.73 (-1.30%)
Closing price 04:00 PM Eastern
Extended Trading
$126.18 -5.11 (-3.90%)
As of 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? 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?

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

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

In the previous week, Hut 8 had 6 more articles in the media than Bit Digital. MarketBeat recorded 12 mentions for Hut 8 and 6 mentions for Bit Digital. Hut 8's average media sentiment score of 0.67 beat Bit Digital's score of 0.25 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bit Digital
1 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

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
Bit Digital-145.39% -8.44% -6.24%
Hut 8 -109.77%-0.35%-0.22%

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 1.8% of Bit Digital shares are owned by insiders. Comparatively, 10.4% of Hut 8 shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Bit Digital has higher earnings, but lower revenue 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
Bit Digital$113.56M5.69-$80.32M-$0.68N/A
Hut 8$235.12M62.87-$226.15M-$3.00N/A

Bit Digital currently has a consensus price target of $5.67, indicating a potential upside of 206.31%. Hut 8 has a consensus price target of $107.72, indicating a potential downside of 17.95%. Given Bit Digital's higher probable upside, equities analysts plainly believe Bit Digital is more favorable than Hut 8.

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

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 superior business? We will compare the two companies based on the strength of their media sentiment, risk, institutional ownership, earnings, profitability, dividends, valuation and analyst recommendations.

Cipher Mining presently has a consensus target price of $28.00, suggesting a potential upside of 6.71%. Hut 8 has a consensus target price of $107.72, suggesting a potential downside of 17.95%. Given Cipher Mining's higher possible upside, equities 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)
2 Hold rating(s)
16 Buy rating(s)
0 Strong Buy rating(s)
2.79
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

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$223.94M47.93-$822.24M-$2.33N/A
Hut 8$235.12M62.87-$226.15M-$3.00N/A

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%

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

In the previous week, Hut 8 had 2 more articles in the media than Cipher Mining. MarketBeat recorded 12 mentions for Hut 8 and 10 mentions for Cipher Mining. Hut 8's average media sentiment score of 0.67 beat Cipher Mining's score of 0.41 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
2 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

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

Summary

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

How does Hut 8 compare to Cleanspark?

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

Hut 8 currently has a consensus price target of $107.72, suggesting a potential downside of 17.95%. Cleanspark has a consensus price target of $20.44, suggesting a potential upside of 16.08%. Given Cleanspark's higher probable upside, analysts plainly believe Cleanspark 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
Cleanspark
2 Sell rating(s)
0 Hold rating(s)
12 Buy rating(s)
1 Strong Buy rating(s)
2.80

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

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
Hut 8$235.12M62.87-$226.15M-$3.00N/A
Cleanspark$766.31M5.90$364.46M-$2.10N/A

In the previous week, Hut 8 had 5 more articles in the media than Cleanspark. MarketBeat recorded 12 mentions for Hut 8 and 7 mentions for Cleanspark. Hut 8's average media sentiment score of 0.67 beat Cleanspark's score of -0.07 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)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Cleanspark
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
3 Negative mention(s)
1 Very Negative mention(s)
Neutral

Hut 8 has a beta of 4.61, meaning that its share price is 361% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.79, meaning that its share price is 279% 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
Hut 8-109.77% -0.35% -0.22%
Cleanspark -67.66%7.07%3.77%

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

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

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 presently has a consensus price target of $107.72, indicating a potential downside of 17.95%. Coinbase Global has a consensus price target of $250.81, indicating a potential upside of 53.67%. Given Coinbase Global's higher probable upside, analysts plainly 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)
11 Hold rating(s)
19 Buy rating(s)
0 Strong Buy rating(s)
2.48

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$235.12M62.87-$226.15M-$3.00N/A
Coinbase Global$7.18B5.99$1.26B$2.6661.36

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

In the previous week, Coinbase Global had 59 more articles in the media than Hut 8. MarketBeat recorded 71 mentions for Coinbase Global and 12 mentions for Hut 8. Hut 8's average media sentiment score of 0.67 beat Coinbase Global's 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
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive
Coinbase Global
30 Very Positive mention(s)
10 Positive mention(s)
14 Neutral mention(s)
8 Negative mention(s)
4 Very Negative mention(s)
Positive

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 investment? We will contrast the two businesses based on the strength of their dividends, profitability, institutional ownership, earnings, media sentiment, valuation, risk and analyst recommendations.

24.4% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 9.4% of HIVE Digital Technologies shares are held by insiders. Comparatively, 10.4% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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% -22.60% -20.26%
Hut 8 -109.77%-0.35%-0.22%

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

HIVE Digital Technologies currently has a consensus price target of $6.51, suggesting a potential upside of 48.63%. Hut 8 has a consensus price target of $107.72, suggesting a potential downside of 17.95%. 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)
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

In the previous week, HIVE Digital Technologies had 2 more articles in the media than Hut 8. MarketBeat recorded 14 mentions for HIVE Digital Technologies and 12 mentions for Hut 8. Hut 8's average media sentiment score of 0.67 beat HIVE Digital Technologies' score of 0.57 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)
0 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
1 Very Negative mention(s)
Positive

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$297.79M3.89-$3M-$0.60N/A
Hut 8$235.12M62.87-$226.15M-$3.00N/A

Summary

Hut 8 beats HIVE Digital Technologies on 9 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$14.98B$7.07B$13.57B$12.54B
Dividend YieldN/A5.83%5.76%5.22%
P/E Ratio-43.7617.5719.7024.18
Price / Sales62.8711.51141.24112.26
Price / Cash295.3664.5119.8757.13
Price / Book8.553.402.176.72
Net Income-$226.15M$306.51M$1.13B$337.19M
7 Day Performance11.60%-0.30%-0.69%0.48%
1 Month Performance70.55%-1.16%-0.44%5.07%
1 Year Performance717.50%15.63%11.16%34.25%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
2.0886 of 5 stars
$131.29
-1.3%
$107.72
-18.0%
+774.6%$14.98B$235.12MN/A219
BTBT
Bit Digital
3.0289 of 5 stars
$1.99
+2.6%
$5.67
+184.8%
-16.8%$694.89M$113.56MN/A10
CIFR
Cipher Mining
2.1918 of 5 stars
$21.97
+2.1%
$27.00
+22.9%
+708.9%$8.99B$209.82MN/A10
CLSK
Cleanspark
2.6506 of 5 stars
$15.97
+1.3%
$20.44
+28.0%
+104.2%$4.10B$766.31MN/A130
COIN
Coinbase Global
4.2619 of 5 stars
$184.99
-4.4%
$252.20
+36.3%
-29.5%$48.74B$7.18B69.554,951

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This page (NASDAQ:HUT) was last updated on 6/3/2026 by MarketBeat.com Staff.
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