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Hut 8 (HUT) Competitors

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$89.63 0.00 (0.00%)
Closing price 10/2/2026 04:00 PM Eastern
Extended Trading
$89.70 +0.07 (+0.08%)
As of 10/2/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours 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? 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?

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

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
Bit Digital-237.19% -10.66% -6.81%
Hut 8 -188.59%-0.97%-0.36%

Bit Digital has a beta of 3.84, indicating that its share price is 284% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.62, indicating that its share price is 362% more volatile than the broader market.

In the previous week, Hut 8 had 5 more articles in the media than Bit Digital. MarketBeat recorded 10 mentions for Hut 8 and 5 mentions for Bit Digital. Bit Digital's average media sentiment score of 0.62 beat Hut 8's score of 0.55 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
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
4 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bit Digital currently has a consensus price target of $4.38, indicating a potential upside of 168.40%. Hut 8 has a consensus price target of $143.95, indicating a potential upside of 60.61%. Given Bit Digital's higher possible upside, equities 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)
4 Buy rating(s)
1 Strong Buy rating(s)
2.71
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

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$113.56M5.18-$80.32M-$1.06N/A
Hut 8$235.12M46.99-$226.15M-$5.45N/A

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 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 stock will outperform the market over the long term.

Summary

Hut 8 beats Bit Digital on 11 of the 17 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 technology companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, risk, analyst recommendations, valuation, institutional ownership, profitability and media sentiment.

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$223.94M29.12-$822.24M-$2.86N/A
Hut 8$235.12M46.99-$226.15M-$5.45N/A

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

Cipher Mining has a beta of 3.2, indicating that its stock price is 220% 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.

12.3% of Cipher Mining shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 3.1% 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, Hut 8 had 7 more articles in the media than Cipher Mining. MarketBeat recorded 10 mentions for Hut 8 and 3 mentions for Cipher Mining. Hut 8's average media sentiment score of 0.55 beat Cipher Mining's score of 0.13 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
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
4 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cipher Mining presently has a consensus price target of $28.86, suggesting a potential upside of 83.71%. Hut 8 has a consensus price target of $143.95, suggesting a potential upside of 60.61%. Given Cipher Mining's higher possible upside, equities research analysts clearly 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)
3 Hold rating(s)
16 Buy rating(s)
1 Strong Buy rating(s)
2.81
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

Summary

Hut 8 beats Cipher Mining on 14 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 technology companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, earnings, institutional ownership, dividends, valuation, media sentiment, analyst recommendations and risk.

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

In the previous week, Hut 8 had 5 more articles in the media than Cleanspark. MarketBeat recorded 10 mentions for Hut 8 and 5 mentions for Cleanspark. Hut 8's average media sentiment score of 0.55 beat Cleanspark's score of 0.54 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
2 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
4 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Cleanspark has a beta of 3.84, meaning that its stock price is 284% 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.

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$766.31M4.27$364.46M-$3.77N/A
Hut 8$235.12M46.99-$226.15M-$5.45N/A

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 insiders. Comparatively, 10.4% of Hut 8 shares are held 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.

Cleanspark presently has a consensus price target of $23.88, suggesting a potential upside of 87.48%. Hut 8 has a consensus price target of $143.95, suggesting a potential upside of 60.61%. 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
1 Sell rating(s)
1 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.88
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

Summary

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

Coinbase Global currently has a consensus target price of $222.98, indicating a potential upside of 21.84%. Hut 8 has a consensus target price of $143.95, indicating a potential upside of 60.61%. Given Hut 8's stronger consensus rating and higher possible upside, analysts plainly believe Hut 8 is more favorable than Coinbase Global.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coinbase Global
3 Sell rating(s)
13 Hold rating(s)
20 Buy rating(s)
0 Strong Buy rating(s)
2.47
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

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$7.18B6.72$1.26B-$3.84N/A
Hut 8$235.12M46.99-$226.15M-$5.45N/A

In the previous week, Coinbase Global had 50 more articles in the media than Hut 8. MarketBeat recorded 60 mentions for Coinbase Global and 10 mentions for Hut 8. Coinbase Global's average media sentiment score of 0.62 beat Hut 8's score of 0.55 indicating that Coinbase Global is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Coinbase Global
20 Very Positive mention(s)
15 Positive mention(s)
20 Neutral mention(s)
1 Negative mention(s)
1 Very Negative mention(s)
Positive
Hut 8
4 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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
Coinbase Global-15.72% 3.12% 1.54%
Hut 8 -188.59%-0.97%-0.36%

Coinbase Global has a beta of 3.41, indicating that its stock price is 241% 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.

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

Summary

Coinbase Global beats Hut 8 on 11 of the 17 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 technology companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, profitability, institutional ownership, valuation, risk, dividends and media sentiment.

HIVE Digital Technologies has a beta of 3.76, suggesting that its stock price is 276% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.62, suggesting that its stock price is 362% 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
HIVE Digital Technologies$297.79M2.74-$148.45M-$1.29N/A
Hut 8$235.12M46.99-$226.15M-$5.45N/A

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

In the previous week, Hut 8 had 9 more articles in the media than HIVE Digital Technologies. MarketBeat recorded 10 mentions for Hut 8 and 1 mentions for HIVE Digital Technologies. Hut 8's average media sentiment score of 0.55 beat HIVE Digital Technologies' score of -0.40 indicating that Hut 8 is being referred to more favorably in the news media.

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

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

HIVE Digital Technologies currently has a consensus target price of $6.95, suggesting a potential upside of 134.01%. Hut 8 has a consensus target price of $143.95, suggesting a potential upside of 60.61%. 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
HIVE Digital Technologies
1 Sell rating(s)
1 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.63
Hut 8
1 Sell rating(s)
1 Hold rating(s)
19 Buy rating(s)
3 Strong Buy rating(s)
3.00

Summary

Hut 8 beats HIVE Digital Technologies on 11 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$11.05B$16.21B$31.80B$13.26B
Dividend YieldN/A3.42%2.75%17.33%
P/E Ratio-16.45144.2981.8626.04
Price / Sales46.991,286.60592.0591.95
Price / Cash199.0243.0448.6034.69
Price / Book5.848.758.166.34
Net Income-$226.15M$431.48M$767.41M$381.61M
7 Day Performance-3.32%263.03%115.93%-0.72%
1 Month Performance-4.18%165.69%73.46%-4.68%
1 Year Performance123.52%0.12%168.05%1.57%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
2.9626 of 5 stars
$89.63
flat
$143.95
+60.6%
+123.5%$11.05B$235.12MN/A248
BTBT
Bit Digital
4.1622 of 5 stars
$1.76
-1.7%
$4.38
+148.6%
-53.4%$645.53M$113.56MN/A104
CIFR
Cipher Mining
2.8193 of 5 stars
$17.73
-2.0%
$28.86
+62.8%
+6.9%$7.51B$223.94MN/A10
CLSK
Cleanspark
2.5188 of 5 stars
$13.95
-2.2%
$23.88
+71.2%
-20.1%$3.66B$766.31MN/A314
COIN
Coinbase Global
3.927 of 5 stars
$195.11
-2.1%
$219.97
+12.7%
-51.8%$52.56B$7.18B129.364,951

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This page (NASDAQ:HUT) was last updated on 10/5/2026 by MarketBeat.com Staff.
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