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Hut 8 (HUT) Competitors

Hut 8 logo
$80.86 0.00 (0.00%)
As of 08/21/2026 04:00 PM Eastern

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

Hut 8 currently has a consensus price target of $144.89, suggesting a potential upside of 79.19%. Bit Digital has a consensus price target of $5.13, suggesting a potential upside of 234.97%. 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)
2 Strong Buy rating(s)
3.00
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 hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

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

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$235.12M42.39-$226.15M-$5.45N/A
Bit Digital$113.56M4.86-$80.32M-$1.06N/A

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%

In the previous week, Hut 8 had 19 more articles in the media than Bit Digital. MarketBeat recorded 23 mentions for Hut 8 and 4 mentions for Bit Digital. Hut 8's average media sentiment score of 1.03 beat Bit Digital's score of 0.54 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)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bit Digital
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Hut 8 beats Bit Digital on 12 of the 17 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 mid-cap technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, earnings, media sentiment, analyst recommendations, dividends, valuation, profitability and institutional ownership.

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$235.12M42.39-$226.15M-$5.45N/A
Cipher Mining$223.94M29.23-$822.24M-$2.86N/A

31.8% of Hut 8 shares are held by institutional investors. Comparatively, 12.3% of Cipher Mining shares are held by institutional investors. 10.4% of Hut 8 shares are held by company insiders. Comparatively, 3.1% of Cipher Mining shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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
Hut 8-188.59% -0.97% -0.36%
Cipher Mining -585.75%-156.28%-21.29%

Hut 8 currently has a consensus price target of $144.89, suggesting a potential upside of 79.19%. Cipher Mining has a consensus price target of $28.61, suggesting a potential upside of 81.43%. Given Cipher Mining's higher probable upside, analysts plainly 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)
2 Strong Buy rating(s)
3.00
Cipher Mining
1 Sell rating(s)
1 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.89

In the previous week, Hut 8 had 13 more articles in the media than Cipher Mining. MarketBeat recorded 23 mentions for Hut 8 and 10 mentions for Cipher Mining. Hut 8's average media sentiment score of 1.03 beat Cipher Mining's score of 0.48 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)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cipher Mining
4 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

Summary

Hut 8 beats Cipher Mining on 14 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Cleanspark?

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

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 endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Hut 8 currently has a consensus price target of $144.89, suggesting a potential upside of 79.19%. Cleanspark has a consensus price target of $23.88, suggesting a potential upside of 99.37%. 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)
17 Buy rating(s)
2 Strong Buy rating(s)
3.00
Cleanspark
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88

In the previous week, Hut 8 had 14 more articles in the media than Cleanspark. MarketBeat recorded 23 mentions for Hut 8 and 9 mentions for Cleanspark. Hut 8's average media sentiment score of 1.03 beat Cleanspark's score of 0.42 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)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Cleanspark
4 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral

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
Hut 8-188.59% -0.97% -0.36%
Cleanspark -146.90%-18.63%-8.15%

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$235.12M42.39-$226.15M-$5.45N/A
Cleanspark$766.31M4.01$364.46M-$3.77N/A

Hut 8 has a beta of 4.64, suggesting that its share price is 364% more volatile than the broader market. Comparatively, Cleanspark has a beta of 3.86, suggesting that its share price is 286% more volatile than the broader market.

Summary

Hut 8 beats Cleanspark 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 related companies, but which is the better business? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, profitability, valuation, earnings, 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
Hut 8-188.59% -0.97% -0.36%
Coinbase Global -15.72%3.12%1.54%

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 company insiders. Comparatively, 16.7% of Coinbase Global shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Hut 8 has a beta of 4.64, meaning that its stock price is 364% more volatile than the broader market. Comparatively, Coinbase Global has a beta of 3.36, meaning that its stock price is 236% more volatile than the broader market.

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
Hut 8$235.12M42.39-$226.15M-$5.45N/A
Coinbase Global$7.18B6.85$1.26B-$3.84N/A

Hut 8 presently has a consensus price target of $144.89, indicating a potential upside of 79.19%. Coinbase Global has a consensus price target of $215.11, indicating a potential upside of 15.35%. Given Hut 8's stronger consensus rating and higher probable upside, equities research analysts plainly believe Hut 8 is more favorable than Coinbase Global.

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)
2 Strong Buy rating(s)
3.00
Coinbase Global
5 Sell rating(s)
9 Hold rating(s)
18 Buy rating(s)
0 Strong Buy rating(s)
2.41

In the previous week, Coinbase Global had 35 more articles in the media than Hut 8. MarketBeat recorded 58 mentions for Coinbase Global and 23 mentions for Hut 8. Hut 8's average media sentiment score of 1.03 beat Coinbase Global's score of 0.63 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)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Coinbase Global
28 Very Positive mention(s)
10 Positive mention(s)
9 Neutral mention(s)
6 Negative mention(s)
4 Very Negative mention(s)
Positive

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?

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

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

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

Hut 8 currently has a consensus target price of $144.89, indicating a potential upside of 79.19%. HIVE Digital Technologies has a consensus target price of $7.00, indicating a potential upside of 131.02%. 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)
2 Strong Buy rating(s)
3.00
HIVE Digital Technologies
1 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.67

In the previous week, HIVE Digital Technologies had 35 more articles in the media than Hut 8. MarketBeat recorded 58 mentions for HIVE Digital Technologies and 23 mentions for Hut 8. Hut 8's average media sentiment score of 1.03 beat HIVE Digital Technologies' score of 0.58 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)
4 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
HIVE Digital Technologies
14 Very Positive mention(s)
5 Positive mention(s)
19 Neutral mention(s)
1 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$235.12M42.39-$226.15M-$5.45N/A
HIVE Digital Technologies$297.79M2.79-$148.45M-$1.29N/A

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
Hut 8-188.59% -0.97% -0.36%
HIVE Digital Technologies -98.49%-31.98%-23.71%

Summary

Hut 8 beats HIVE Digital Technologies on 10 of the 17 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 8Software IndustryTechnology SectorNASDAQ Exchange
Market Cap$9.97B$15.60B$29.41B$12.82B
Dividend YieldN/A3.42%2.74%10.78%
P/E Ratio-14.84127.3073.3924.33
Price / Sales42.391,298.77595.4697.25
Price / Cash179.5445.0549.0336.90
Price / Book5.278.588.006.42
Net Income-$226.15M$434.52M$680.07M$348.89M
7 Day Performance-8.16%2.36%-0.90%0.51%
1 Month Performance-26.48%6.84%4.61%4.84%
1 Year Performance246.00%5.08%189.72%17.04%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
3.5503 of 5 stars
$80.86
flat
$144.89
+79.2%
+246.0%$9.97B$235.12MN/A219
BTBT
Bit Digital
2.8087 of 5 stars
$1.57
+5.4%
$5.13
+226.4%
-46.9%$520.29M$113.56MN/A10
CIFR
Cipher Mining
3.2119 of 5 stars
$17.85
+7.4%
$28.61
+60.3%
+147.2%$6.90B$223.94MN/A10
CLSK
Cleanspark
3.7328 of 5 stars
$12.09
+4.9%
$23.88
+97.6%
+22.0%$2.96B$766.31MN/A130
COIN
Coinbase Global
3.4834 of 5 stars
$148.47
-3.5%
$215.11
+44.9%
-41.7%$40.60B$7.18B99.934,951

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This page (NASDAQ:HUT) was last updated on 8/24/2026 by MarketBeat.com Staff.
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