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Hut 8 (HUT) Competitors

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$97.75 -1.42 (-1.43%)
As of 02:04 PM 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 investment? We will compare the two businesses based on the strength of their earnings, media sentiment, risk, dividends, profitability, analyst recommendations, institutional ownership and valuation.

Hut 8 has a beta of 4.62, indicating that its share price is 362% more volatile than the broader market. Comparatively, Bit Digital has a beta of 4.02, indicating that its share price is 302% more volatile than the broader market.

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%

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 company insiders. Comparatively, 2.0% of Bit Digital shares are owned by company 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.

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$235.12M46.81-$226.15M-$3.00N/A
Bit Digital$113.56M5.12-$80.32M-$0.68N/A

In the previous week, Hut 8 had 4 more articles in the media than Bit Digital. MarketBeat recorded 6 mentions for Hut 8 and 2 mentions for Bit Digital. Hut 8's average media sentiment score of 1.12 beat Bit Digital's score of 0.56 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
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bit Digital
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hut 8 currently has a consensus target price of $120.37, indicating a potential upside of 23.14%. Bit Digital has a consensus target price of $5.13, indicating a potential upside of 207.81%. 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)
3 Buy rating(s)
0 Strong Buy rating(s)
2.20

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

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 company insiders. Comparatively, 10.4% 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 stock is poised for long-term growth.

In the previous week, Cipher Mining had 4 more articles in the media than Hut 8. MarketBeat recorded 10 mentions for Cipher Mining and 6 mentions for Hut 8. Hut 8's average media sentiment score of 1.12 beat Cipher Mining's score of 0.72 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)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cipher Mining has a beta of 3.18, meaning that its stock price is 218% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.62, meaning that its stock price is 362% more volatile than the broader market.

Cipher Mining currently has a consensus price target of $28.31, indicating a potential upside of 41.69%. Hut 8 has a consensus price target of $120.37, indicating a potential upside of 23.14%. 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)
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%

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$223.94M36.50-$822.24M-$2.33N/A
Hut 8$235.12M46.81-$226.15M-$3.00N/A

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 profitability, valuation, risk, dividends, institutional ownership, media sentiment, analyst recommendations and earnings.

Cleanspark presently has a consensus target price of $21.13, indicating a potential upside of 56.13%. Hut 8 has a consensus target price of $120.37, indicating a potential upside of 23.14%. Given Cleanspark's higher possible upside, research analysts clearly 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)
14 Buy rating(s)
1 Strong Buy rating(s)
2.88
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, Cleanspark had 18 more articles in the media than Hut 8. MarketBeat recorded 24 mentions for Cleanspark and 6 mentions for Hut 8. Hut 8's average media sentiment score of 1.12 beat Cleanspark's score of 0.51 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
8 Very Positive mention(s)
3 Positive mention(s)
7 Neutral mention(s)
1 Negative mention(s)
1 Very Negative mention(s)
Positive
Hut 8
3 Very Positive mention(s)
0 Positive mention(s)
2 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$766.31M4.53$364.46M-$2.10N/A
Hut 8$235.12M46.81-$226.15M-$3.00N/A

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 held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 2.1% of Cleanspark shares are held by company insiders. Comparatively, 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.

Cleanspark has a beta of 3.83, indicating that its stock price is 283% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.62, indicating that its stock price is 362% more volatile than the broader market.

Summary

Cleanspark beats Hut 8 on 11 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 better investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.

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 hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

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$235.12M46.81-$226.15M-$3.00N/A
Coinbase Global$7.18B5.93$1.26B$2.6660.74

In the previous week, Coinbase Global had 60 more articles in the media than Hut 8. MarketBeat recorded 66 mentions for Coinbase Global and 6 mentions for Hut 8. Hut 8's average media sentiment score of 1.12 beat Coinbase Global's score of 0.65 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
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Coinbase Global
31 Very Positive mention(s)
15 Positive mention(s)
5 Neutral mention(s)
6 Negative mention(s)
5 Very Negative mention(s)
Positive

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 $120.37, suggesting a potential upside of 23.14%. Coinbase Global has a consensus price target of $246.36, suggesting a potential upside of 52.47%. Given Coinbase Global's higher possible 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)
12 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.45

Hut 8 has a beta of 4.62, meaning that its share price is 362% more volatile than the broader market. Comparatively, Coinbase Global has a beta of 3.35, meaning that its share price is 235% more volatile than the broader market.

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?

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

Hut 8 has a beta of 4.62, meaning that its share price is 362% more volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 3.77, meaning that its share price is 277% 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
Hut 8$235.12M46.81-$226.15M-$3.00N/A
HIVE Digital Technologies$297.79M2.86-$148.45M-$0.56N/A

In the previous week, Hut 8 had 3 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 6 mentions for Hut 8 and 3 mentions for HIVE Digital Technologies. HIVE Digital Technologies' average media sentiment score of 1.29 beat Hut 8's score of 1.12 indicating that HIVE Digital Technologies is being referred to more favorably in the news media.

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

Hut 8 presently has a consensus price target of $120.37, indicating a potential upside of 23.14%. HIVE Digital Technologies has a consensus price target of $6.90, indicating a potential upside of 113.95%. Given HIVE Digital Technologies' higher possible upside, analysts plainly 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)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89
HIVE Digital Technologies
1 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.56

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%

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 24.4% of HIVE Digital Technologies shares are owned by institutional investors. 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.

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$10.95B$7.26B$14.30B$12.55B
Dividend YieldN/A5.01%5.70%8.00%
P/E Ratio-32.4017.4820.5524.40
Price / Sales46.8111.1544.91117.91
Price / Cash226.9750.7919.3449.36
Price / Book6.373.262.266.35
Net Income-$226.15M$305.88M$1.13B$330.89M
7 Day Performance1.04%4.09%0.26%-0.87%
1 Month Performance-17.76%-0.12%1.09%-0.26%
1 Year Performance341.90%-3.65%12.12%20.20%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
3.2428 of 5 stars
$97.75
-1.4%
$120.37
+23.1%
+354.3%$10.95B$235.12MN/A219
BTBT
Bit Digital
3.3537 of 5 stars
$1.65
flat
$5.67
+243.4%
-50.8%$576.16M$113.56MN/A10
CIFR
Cipher Mining
3.8324 of 5 stars
$20.04
flat
$28.31
+41.3%
+242.1%$8.20B$223.94MN/A10
CLSK
Cleanspark
3.6333 of 5 stars
$12.62
flat
$21.13
+67.4%
-2.3%$3.24B$766.31M84.13130
COIN
Coinbase Global
4.5497 of 5 stars
$165.48
flat
$250.65
+51.5%
-59.3%$43.60B$7.18B80.724,951

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This page (NASDAQ:HUT) was last updated on 7/14/2026 by MarketBeat.com Staff.
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