Hut 8 (HUT) Competitors

$109.37 +1.05 (+0.97%)

Closing price 04:00 PM Eastern

Extended Trading

$109.20 -0.17 (-0.16%)

As of 07:59 PM Eastern

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

Bit Digital has a beta of 3.95, meaning that its stock price is 295% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.48, meaning that its stock price is 348% more volatile than the broader market.

Bit Digital has a net margin of -70.70% compared to Hut 8's net margin of -109.77%. 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	-70.70%	-5.39%	-4.48%
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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bit Digital	$113.56M	6.13	-$80.32M	-$0.55	N/A
Hut 8	$235.12M	52.37	-$226.15M	-$3.00	N/A

In the previous week, Hut 8 had 8 more articles in the media than Bit Digital. MarketBeat recorded 17 mentions for Hut 8 and 9 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.49 beat Hut 8's score of 0.44 indicating that Bit Digital is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Bit Digital	1 Very Positive mention(s)	0 Positive mention(s)	5 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Hut 8	7 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Bit Digital presently has a consensus target price of $5.67, suggesting a potential upside of 166.04%. Hut 8 has a consensus target price of $107.72, suggesting a potential downside of 1.51%. 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	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

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 company insiders. Comparatively, 10.4% of Hut 8 shares are owned by company 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 Bit Digital on 9 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 banking companies, but which is the better business? We will compare the two companies based on the strength of their dividends, profitability, valuation, institutional ownership, risk, earnings, media sentiment and analyst recommendations.

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 insiders. Comparatively, 2.6% of Cipher Mining shares are held 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 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%

Hut 8 presently has a consensus target price of $107.72, suggesting a potential downside of 1.51%. Cipher Mining has a consensus target price of $26.67, suggesting a potential upside of 19.64%. 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)	0 Strong Buy rating(s)	2.78

In the previous week, Hut 8 had 3 more articles in the media than Cipher Mining. MarketBeat recorded 17 mentions for Hut 8 and 14 mentions for Cipher Mining. Cipher Mining's average media sentiment score of 0.63 beat Hut 8's score of 0.44 indicating that Cipher Mining is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Hut 8	7 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Cipher Mining	7 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Hut 8 has a beta of 4.48, suggesting that its share price is 348% more volatile than the broader market. Comparatively, Cipher Mining has a beta of 3.13, suggesting that its share price is 213% more volatile than the broader market.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	$235.12M	52.37	-$226.15M	-$3.00	N/A
Cipher Mining	$223.94M	40.72	-$822.24M	-$2.33	N/A

Summary

Hut 8 beats Cipher Mining on 12 of the 16 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 compare the two businesses based on the strength of their earnings, risk, valuation, profitability, dividends, analyst recommendations, media sentiment and institutional ownership.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Cleanspark	$739.88M	4.85	$364.46M	-$2.10	N/A
Hut 8	$235.12M	52.37	-$226.15M	-$3.00	N/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 hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

In the previous week, Cleanspark had 34 more articles in the media than Hut 8. MarketBeat recorded 51 mentions for Cleanspark and 17 mentions for Hut 8. Hut 8's average media sentiment score of 0.44 beat Cleanspark's score of 0.39 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	14 Very Positive mention(s)	7 Positive mention(s)	9 Neutral mention(s)	1 Negative mention(s)	2 Very Negative mention(s)	Neutral
Hut 8	7 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

Cleanspark has a beta of 3.71, suggesting that its share price is 271% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.48, suggesting that its share price is 348% more volatile than the broader market.

Cleanspark currently has a consensus target price of $20.44, suggesting a potential upside of 46.23%. Hut 8 has a consensus target price of $107.72, suggesting a potential downside of 1.51%. 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	2 Sell rating(s)	0 Hold rating(s)	12 Buy rating(s)	1 Strong Buy rating(s)	2.80
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 11 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 superior business? We will compare the two companies based on the strength of their risk, media sentiment, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations.

Coinbase Global presently has a consensus target price of $252.20, indicating a potential upside of 18.96%. Hut 8 has a consensus target price of $107.72, indicating a potential downside of 1.51%. Given Coinbase Global's higher possible upside, research analysts clearly 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)	10 Hold rating(s)	19 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

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

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 4.06% beat Hut 8's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Coinbase Global	12.20%	4.06%	2.05%
Hut 8	-109.77%	-0.35%	-0.22%

In the previous week, Coinbase Global had 103 more articles in the media than Hut 8. MarketBeat recorded 120 mentions for Coinbase Global and 17 mentions for Hut 8. Hut 8's average media sentiment score of 0.44 beat Coinbase Global's score of 0.21 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	37 Very Positive mention(s)	15 Positive mention(s)	18 Neutral mention(s)	26 Negative mention(s)	10 Very Negative mention(s)	Neutral
Hut 8	7 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Coinbase Global	$7.18B	7.80	$1.26B	$2.66	79.70
Hut 8	$235.12M	52.37	-$226.15M	-$3.00	N/A

Coinbase Global has a beta of 3.38, indicating that its stock price is 238% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.48, indicating that its stock price is 348% 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?

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

In the previous week, Hut 8 had 14 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 17 mentions for Hut 8 and 3 mentions for HIVE Digital Technologies. HIVE Digital Technologies' average media sentiment score of 0.49 beat Hut 8's score of 0.44 indicating that HIVE Digital Technologies is being referred to more favorably in the media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
HIVE Digital Technologies	1 Very Positive mention(s)	0 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral
Hut 8	7 Very Positive mention(s)	1 Positive mention(s)	2 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Neutral

HIVE Digital Technologies has a net margin of -47.89% 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	-47.89%	-19.81%	-17.54%
Hut 8	-109.77%	-0.35%	-0.22%

HIVE Digital Technologies has a beta of 3.5, suggesting that its share price is 250% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.48, suggesting that its share price is 348% more volatile than the broader market.

HIVE Digital Technologies presently has a consensus target price of $6.17, indicating a potential upside of 107.63%. Hut 8 has a consensus target price of $107.72, indicating a potential downside of 1.51%. Given HIVE Digital Technologies' higher possible upside, equities 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

24.4% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 31.8% of Hut 8 shares are owned by institutional investors. 9.4% of HIVE Digital Technologies 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 hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

HIVE Digital Technologies has higher earnings, but lower revenue 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
HIVE Digital Technologies	$115.28M	6.82	-$3M	-$0.60	N/A
Hut 8	$235.12M	52.37	-$226.15M	-$3.00	N/A

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.

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.

HUT vs. The Competition

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Metric	Hut 8	FIN Industry	Finance Sector	NASDAQ Exchange
Market Cap	$12.31B	$7.10B	$13.47B	$12.46B
Dividend Yield	N/A	5.69%	5.82%	5.30%
P/E Ratio	-36.46	90.09	23.18	25.59
Price / Sales	52.37	9.91	170.02	63.24
Price / Cash	238.27	72.39	20.50	55.34
Price / Book	7.29	2.67	2.15	6.70
Net Income	-$226.15M	$301.20M	$1.11B	$333.77M
7 Day Performance	8.09%	0.86%	-0.67%	0.45%
1 Month Performance	52.45%	3.85%	0.57%	4.06%
1 Year Performance	578.05%	18.98%	11.19%	36.24%

Hut 8 Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
HUT Hut 8	1.8443 of 5 stars	$109.37 +1.0%	$107.72 -1.5%	+556.5%	$12.20B	$235.12M	3,610.66	219	Analyst Forecast Insider Trade Analyst Revision
BTBT Bit Digital	3.444 of 5 stars	$1.80 -1.6%	$5.67 +214.8%	-9.4%	$597.64M	$113.56M	N/A	10	Earnings Report Options Volume
CIFR Cipher Mining	3.035 of 5 stars	$20.55 -0.6%	$26.29 +27.9%	+519.2%	$8.41B	$223.94M	N/A	10	Analyst Forecast Insider Trade Analyst Revision
CLSK Cleanspark	2.9784 of 5 stars	$14.20 +1.6%	$20.29 +42.9%	+33.0%	$3.63B	$785.19M	N/A	130	Trending News Earnings Report Analyst Downgrade Options Volume Analyst Revision
COIN Coinbase Global	3.7835 of 5 stars	$201.16 +4.2%	$250.04 +24.3%	-21.4%	$53.12B	$7.18B	45.82	4,951	Trending News Earnings Report Analyst Downgrade Options Volume Analyst Revision

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This page (NASDAQ:HUT) was last updated on 5/14/2026 by MarketBeat.com Staff.

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Hut 8 (HUT) Competitors