Go Pro

Hut 8 (HUT) Competitors

Hut 8 logo
$111.88 +4.25 (+3.95%)
As of 03:14 PM Eastern
This is a fair market value 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 technology companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, media sentiment, earnings, analyst recommendations, valuation and profitability.

Bit Digital has a beta of 4.02, meaning that its share price is 302% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.64, meaning that its share price is 364% more volatile than the broader market.

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

Bit Digital currently has a consensus price target of $5.13, indicating a potential upside of 275.46%. Hut 8 has a consensus price target of $138.85, indicating a potential upside of 24.11%. Given Bit Digital's higher probable upside, research 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
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.40
Hut 8
1 Sell rating(s)
0 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.89

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%

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$116.38M4.10-$80.32M-$0.68N/A
Hut 8$235.12M53.57-$226.15M-$3.00N/A

In the previous week, Hut 8 had 32 more articles in the media than Bit Digital. MarketBeat recorded 35 mentions for Hut 8 and 3 mentions for Bit Digital. Hut 8's average media sentiment score of 0.99 beat Bit Digital's 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
Bit Digital
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
12 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

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?

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

Hut 8 currently has a consensus target price of $138.85, indicating a potential upside of 24.11%. Cipher Mining has a consensus target price of $28.74, indicating a potential upside of 15.07%. Given Hut 8's higher probable upside, equities research analysts clearly believe Hut 8 is more favorable than Cipher Mining.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
1 Sell rating(s)
0 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.89
Cipher Mining
1 Sell rating(s)
1 Hold rating(s)
16 Buy rating(s)
1 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
Hut 8-109.77% -0.35% -0.22%
Cipher Mining -427.79%-117.65%-24.68%

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 12.3% of Cipher Mining shares are owned by institutional investors. 10.4% of Hut 8 shares are owned by insiders. Comparatively, 3.1% of Cipher Mining shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company 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
Hut 8$235.12M53.57-$226.15M-$3.00N/A
Cipher Mining$223.94M45.62-$822.24M-$2.33N/A

Hut 8 has a beta of 4.64, suggesting that its stock price is 364% more volatile than the broader market. Comparatively, Cipher Mining has a beta of 3.2, suggesting that its stock price is 220% more volatile than the broader market.

In the previous week, Hut 8 had 15 more articles in the media than Cipher Mining. MarketBeat recorded 35 mentions for Hut 8 and 20 mentions for Cipher Mining. Hut 8's average media sentiment score of 0.99 beat Cipher Mining's score of 0.88 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
12 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Cipher Mining
12 Very Positive mention(s)
0 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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

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$235.12M53.57-$226.15M-$3.00N/A
Cleanspark$739.88M5.01$364.46M-$2.10N/A

Hut 8 has a beta of 4.64, meaning that its stock price is 364% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.83, meaning that its stock price is 283% 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%

In the previous week, Hut 8 had 14 more articles in the media than Cleanspark. MarketBeat recorded 35 mentions for Hut 8 and 21 mentions for Cleanspark. Hut 8's average media sentiment score of 0.99 beat Cleanspark'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
12 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Cleanspark
7 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 43.1% of Cleanspark shares are owned by institutional investors. 10.4% of Hut 8 shares are owned by insiders. Comparatively, 2.1% of Cleanspark 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.

Hut 8 currently has a consensus target price of $138.85, suggesting a potential upside of 24.11%. Cleanspark has a consensus target price of $23.88, suggesting a potential upside of 65.23%. Given Cleanspark's higher probable upside, analysts clearly 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)
18 Buy rating(s)
0 Strong Buy rating(s)
2.89
Cleanspark
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88

Summary

Cleanspark beats Hut 8 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, profitability, media sentiment, analyst recommendations, institutional ownership, risk, valuation and dividends.

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$6.28B6.30$1.26B-$3.84N/A
Hut 8$235.12M53.57-$226.15M-$3.00N/A

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

Coinbase Global has a beta of 3.35, indicating that its share price is 235% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.64, indicating that its share price is 364% more volatile than the broader market.

Coinbase Global currently has a consensus price target of $219.11, indicating a potential upside of 45.77%. Hut 8 has a consensus price target of $138.85, indicating a potential upside of 24.11%. Given Coinbase Global's higher probable upside, equities analysts plainly believe Coinbase Global is more favorable than Hut 8.

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)
18 Buy rating(s)
0 Strong Buy rating(s)
2.89

Coinbase Global has a net margin of -15.72% compared to Hut 8's net margin of -109.77%. 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 -109.77%-0.35%-0.22%

In the previous week, Coinbase Global had 94 more articles in the media than Hut 8. MarketBeat recorded 129 mentions for Coinbase Global and 35 mentions for Hut 8. Hut 8's average media sentiment score of 0.99 beat Coinbase Global's score of 0.24 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
32 Very Positive mention(s)
22 Positive mention(s)
16 Neutral mention(s)
31 Negative mention(s)
14 Very Negative mention(s)
Neutral
Hut 8
12 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Coinbase Global beats Hut 8 on 9 of the 15 factors compared between the two stocks.

How does Hut 8 compare to HIVE Digital Technologies?

Hut 8 (NASDAQ:HUT) and HIVE Digital Technologies (NASDAQ:HIVE) are both technology 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.

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
Hut 8-109.77% -0.35% -0.22%
HIVE Digital Technologies -49.21%-23.12%-20.33%

Hut 8 currently has a consensus price target of $138.85, suggesting a potential upside of 24.11%. HIVE Digital Technologies has a consensus price target of $6.95, suggesting a potential upside of 140.23%. Given HIVE Digital Technologies' higher probable upside, analysts clearly believe HIVE Digital Technologies 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)
18 Buy rating(s)
0 Strong Buy rating(s)
2.89
HIVE Digital Technologies
1 Sell rating(s)
2 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.60

Hut 8 has a beta of 4.64, indicating that its stock price is 364% more volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 3.79, indicating that its stock price is 279% more volatile than the broader market.

31.8% of Hut 8 shares are held by institutional investors. Comparatively, 24.4% of HIVE Digital Technologies 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, hedge funds and endowments believe a company is poised for long-term growth.

In the previous week, Hut 8 had 30 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 35 mentions for Hut 8 and 5 mentions for HIVE Digital Technologies. Hut 8's average media sentiment score of 0.99 beat HIVE Digital Technologies' score of 0.64 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
12 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
HIVE Digital Technologies
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 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
Hut 8$235.12M53.57-$226.15M-$3.00N/A
HIVE Digital Technologies$297.79M2.61-$148.45M-$0.56N/A

Summary

Hut 8 beats HIVE Digital Technologies on 10 of the 16 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$12.63B$15.08B$28.45B$12.70B
Dividend YieldN/A3.44%2.77%10.03%
P/E Ratio-37.40131.2880.8925.14
Price / Sales53.571,292.49596.5379.78
Price / Cash238.9940.6645.0434.82
Price / Book7.298.127.796.20
Net Income-$226.15M$437.13M$662.76M$347.60M
7 Day Performance6.97%1.50%1.70%0.81%
1 Month Performance15.17%-1.10%-3.07%-3.65%
1 Year Performance465.61%8.03%150.93%20.30%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
3.9709 of 5 stars
$112.05
+4.1%
$138.85
+23.9%
+444.1%$12.57B$235.12MN/A219
BTBT
Bit Digital
3.177 of 5 stars
$1.37
-8.7%
$5.13
+274.1%
-51.8%$523.79M$113.56MN/A10
CIFR
Cipher Mining
2.8634 of 5 stars
$23.15
-10.3%
$28.22
+21.9%
+352.7%$10.56B$223.94MN/A10
CLSK
Cleanspark
3.6616 of 5 stars
$14.52
-7.0%
$22.34
+53.9%
+31.8%$4.01B$766.31M104.07130
COIN
Coinbase Global
4.0097 of 5 stars
$158.29
-1.8%
$239.14
+51.1%
-53.5%$42.46B$7.18B78.614,951

Related Companies and Tools


This page (NASDAQ:HUT) was last updated on 8/3/2026 by MarketBeat.com Staff.
From Our Partners