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Hut 8 (HUT) Competitors

Hut 8 logo
C$44.92 +0.73 (+1.65%)
As of 09/12/2025 04:00 PM Eastern

HUT vs. KEY, BLX, SII, BITF, WED, HIVE, VBNK, WFC, PTS, and ML

Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Keyera (KEY), Boralex (BLX), Sprott (SII), Bitfarms (BITF), Westaim (WED), HIVE Digital Technologies (HIVE), VersaBank (VBNK), Wall Financial (WFC), Points.com (PTS), and Millennial Lithium (ML). These companies are all part of the "banking" industry.

Hut 8 vs. Its Competitors

Hut 8 (TSE:HUT) and Keyera (TSE:KEY) are both banking companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, risk, valuation, profitability, earnings and media sentiment.

Hut 8 has a net margin of 135.55% compared to Keyera's net margin of 5.97%. Hut 8's return on equity of 40.91% beat Keyera's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8135.55% 40.91% -4.25%
Keyera 5.97%16.05%6.15%

36.4% of Hut 8 shares are owned by institutional investors. Comparatively, 48.0% of Keyera shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Comparatively, 0.4% of Keyera shares are owned 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 beta of 4.581835, suggesting that its stock price is 358% more volatile than the S&P 500. Comparatively, Keyera has a beta of 0.674688, suggesting that its stock price is 33% less volatile than the S&P 500.

Keyera has a consensus target price of C$50.92, indicating a potential upside of 13.40%. Given Keyera's higher probable upside, analysts clearly believe Keyera is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
8 Strong Buy rating(s)
4.00
Keyera
0 Sell rating(s)
4 Hold rating(s)
6 Buy rating(s)
4 Strong Buy rating(s)
3.00

Keyera has higher revenue and earnings than Hut 8. Keyera 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 8C$550.39M8.61C$193.22MC$1.4630.77
KeyeraC$7.27B1.42C$449.23MC$2.3119.44

In the previous week, Keyera had 1 more articles in the media than Hut 8. MarketBeat recorded 2 mentions for Keyera and 1 mentions for Hut 8. Keyera's average media sentiment score of 0.82 beat Hut 8's score of 0.67 indicating that Keyera is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Keyera
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Keyera beats Hut 8 on 9 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 TSE 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 8Capital Markets IndustryFinancial SectorTSE Exchange
Market CapC$4.74BC$1.08BC$6.37BC$9.40B
Dividend YieldN/A4.85%4.31%6.51%
P/E Ratio30.77304.631,776.5525.78
Price / Sales8.61163.141,347.789.40
Price / Cash7.8611.88127.4783.29
Price / Book4.433.932.065.54
Net IncomeC$193.22MC$130.65MC$1.23BC$301.20M
7 Day Performance27.80%9.63%7.06%1.40%
1 Month Performance45.94%14.87%7.50%7.72%
1 Year Performance194.17%43.19%30.87%36.76%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$44.92
+1.7%
N/A+203.7%C$4.74BC$550.39M30.77219
KEY
Keyera
2.5747 of 5 stars
C$44.25
-0.2%
C$50.92
+15.1%
N/AC$10.14BC$7.27B19.1617,500Dividend Increase
BLX
Boralex
2.4336 of 5 stars
C$28.88
-0.8%
C$39.00
+35.0%
-19.5%C$2.97BC$830M-320.89180
SII
Sprott
1.0745 of 5 stars
C$90.49
+1.2%
C$88.33
-2.4%
+73.8%C$2.33BC$186.32M46.64170
BITF
Bitfarms
2.2129 of 5 stars
C$1.83
-0.5%
C$3.75
+104.9%
+12.3%C$1.01BC$245.66M-11.44110News Coverage
Gap Up
WED
Westaim
0.0681 of 5 stars
C$27.73
-0.9%
C$7.75
-72.1%
+626.1%C$930.40MC$42.11M-21.013,240News Coverage
Positive News
HIVE
HIVE Digital Technologies
N/AC$4.04
flat
N/A+28.7%C$927.58MC$128.65M12.2420
VBNK
VersaBank
2.0835 of 5 stars
C$14.98
-0.3%
C$19.00
+26.8%
-6.3%C$487.14MC$112.25M13.62100
WFC
Wall Financial
N/AC$15.04
+0.6%
N/AN/AC$482.69MC$212.09M16.17238,000News Coverage
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000News Coverage
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down

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This page (TSE:HUT) was last updated on 9/13/2025 by MarketBeat.com Staff
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