Hut 8 (HUT) Competitors

Hut 8 logo
$120.51 -0.53 (-0.44%)
Closing price 06/23/2026 04:00 PM Eastern
Extended Trading
$122.24 +1.73 (+1.43%)
As of 08:05 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?

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

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.

Bit Digital presently has a consensus price target of $5.67, suggesting a potential upside of 166.04%. Hut 8 has a consensus price target of $113.95, suggesting a potential downside of 5.45%. Given Bit Digital's higher probable upside, 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

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 news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
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
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 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$116.38M6.39-$80.32M-$0.68N/A
Hut 8$235.12M57.71-$226.15M-$3.00N/A

47.7% of Bit Digital shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 2.0% 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 is poised for long-term growth.

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%

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

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$235.12M57.71-$226.15M-$3.00N/A
Cipher Mining$223.94M50.49-$822.24M-$2.33N/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
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 company insiders. Comparatively, 2.6% of Cipher Mining 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.

Hut 8 presently has a consensus price target of $113.95, suggesting a potential downside of 5.45%. Cipher Mining has a consensus price target of $27.69, suggesting a potential upside of 0.17%. Given Cipher Mining's higher probable upside, analysts clearly believe Cipher Mining 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
Cipher Mining
1 Sell rating(s)
2 Hold rating(s)
15 Buy rating(s)
1 Strong Buy rating(s)
2.84

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

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 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
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

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

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.

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

Cleanspark currently has a consensus target price of $20.67, indicating a potential upside of 20.26%. Hut 8 has a consensus target price of $113.95, indicating a potential downside of 5.45%. Given Cleanspark's higher probable upside, equities 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

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

In the previous week, Coinbase Global had 45 more articles in the media than Hut 8. MarketBeat recorded 61 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 news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Coinbase Global
26 Very Positive mention(s)
15 Positive mention(s)
8 Neutral mention(s)
3 Negative mention(s)
5 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

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
Coinbase Global$6.56B6.35$1.26B$2.6659.47
Hut 8$235.12M57.71-$226.15M-$3.00N/A

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
Coinbase Global12.20% 4.16% 2.07%
Hut 8 -109.77%-0.35%-0.22%

Coinbase Global has a beta of 3.32, indicating that its share price is 232% 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.

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 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 will outperform the market over the long term.

Coinbase Global currently has a consensus target price of $250.65, suggesting a potential upside of 58.46%. Hut 8 has a consensus target price of $113.95, suggesting a potential downside of 5.45%. Given Coinbase Global's higher probable upside, equities research 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
3 Sell rating(s)
12 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.45
Hut 8
1 Sell rating(s)
0 Hold rating(s)
17 Buy rating(s)
0 Strong Buy rating(s)
2.89

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

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 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.

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$235.12M57.71-$226.15M-$3.00N/A
HIVE Digital Technologies$297.79M4.11-$148.45M-$0.56N/A

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

Hut 8 presently has a consensus target price of $113.95, suggesting a potential downside of 5.45%. HIVE Digital Technologies has a consensus target price of $6.90, suggesting a potential upside of 49.03%. 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

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 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
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

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$12.30B
Dividend YieldN/A5.37%5.75%5.83%
P/E Ratio-40.1717.7320.2323.99
Price / Sales57.7111.48144.19108.06
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
3.6013 of 5 stars
$1.74
+0.6%
$5.67
+225.7%
-8.2%$607.59M$113.56MN/A10
CIFR
Cipher Mining
2.1259 of 5 stars
$24.50
+8.3%
$27.69
+13.0%
+683.0%$10.02B$209.82MN/A10
CLSK
Cleanspark
3.1455 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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