Hut 8 (HUT) Competitors C$25.37 +1.18 (+4.88%) As of 06/30/2025 04:00 PM Eastern Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesBuy This Stock HUT vs. BLX, SII, VBNK, WFC, PTS, WED, ML, GRN, BITF, and CAREShould you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Boralex (BLX), Sprott (SII), VersaBank (VBNK), Wall Financial (WFC), Points.com (PTS), Westaim (WED), Millennial Lithium (ML), Greenlane Renewables Inc. (GRN.V) (GRN), Bitfarms (BITF), and Dialogue Health Technologies (CARE). These companies are all part of the "banking" industry. Hut 8 vs. Its Competitors Boralex Sprott VersaBank Wall Financial Points.com Westaim Millennial Lithium Greenlane Renewables Inc. (GRN.V) Bitfarms Dialogue Health Technologies Hut 8 (TSE:HUT) and Boralex (TSE:BLX) are both banking companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, dividends, earnings, analyst recommendations, profitability, media sentiment, institutional ownership and risk. Is HUT or BLX more profitable? Hut 8 has a net margin of 135.55% compared to Boralex's net margin of 7.55%. Hut 8's return on equity of 40.91% beat Boralex's return on equity.Company Net Margins Return on Equity Return on Assets Hut 8135.55% 40.91% -4.25% Boralex 7.55%4.29%2.54% Do insiders & institutionals hold more shares of HUT or BLX? 57.2% of Hut 8 shares are held by institutional investors. Comparatively, 58.3% of Boralex shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 0.2% of Boralex shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth. Does the media prefer HUT or BLX? In the previous week, Hut 8 had 1 more articles in the media than Boralex. MarketBeat recorded 4 mentions for Hut 8 and 3 mentions for Boralex. Hut 8's average media sentiment score of 0.93 beat Boralex's score of 0.78 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 1 Very Positive mention(s) 2 Positive mention(s) 1 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Positive Boralex 0 Very Positive mention(s) 1 Positive mention(s) 1 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Positive Do analysts recommend HUT or BLX? Boralex has a consensus target price of C$39.22, suggesting a potential upside of 23.96%. Given Boralex's higher possible upside, analysts clearly believe Boralex 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) 9 Strong Buy rating(s) 4.00Boralex 0 Sell rating(s) 1 Hold rating(s) 3 Buy rating(s) 3 Strong Buy rating(s) 3.29 Which has stronger earnings and valuation, HUT or BLX? Hut 8 has higher earnings, but lower revenue than Boralex. Hut 8 is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks. CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings RatioHut 8C$142.55M11.84C$193.22MC$4.096.21BoralexC$952.11M3.46C$71.91MC$0.6846.39 Which has more volatility and risk, HUT or BLX? Hut 8 has a beta of 3.45, indicating that its stock price is 245% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, indicating that its stock price is 54% less volatile than the S&P 500. SummaryHut 8 beats Boralex on 11 of the 17 factors compared between the two stocks. Get Hut 8 News Delivered to You Automatically Sign up to receive the latest news and ratings for HUT and its competitors with MarketBeat's FREE daily newsletter. Email Address New MarketBeat Followers Over TimeWhat are MarkeBeat Followers?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. Skip ChartMedia Sentiment Over TimeWhat is Media Sentiment?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.Skip Chart HUT vs. The Competition Export to ExcelMetricHut 8Capital Markets IndustryFinancial SectorTSE ExchangeMarket CapC$1.69BC$863.35MC$6.45BC$6.15BDividend YieldN/A3.88%4.17%6.72%P/E Ratio6.2129.5113.5449.44Price / Sales11.84158.401,768.871,104.40Price / Cash7.8611.8848.9183.29Price / Book2.503.161.414.72Net IncomeC$193.22MC$130.65MC$1.25BC$301.20M7 Day Performance7.27%1.59%1.30%1.07%1 Month Performance22.03%5.10%3.50%4.93%1 Year Performance24.00%15.49%15.75%30.53% Hut 8 Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)HUTHut 8N/AC$25.37+4.9%N/A+24.0%C$1.69BC$142.55M6.21219Gap DownBLXBoralex2.1605 of 5 starsC$32.07-0.9%C$39.22+22.3%-5.6%C$3.34BC$952.11M47.02180SIISprott0.9306 of 5 starsC$89.05-1.0%C$77.00-13.5%+65.9%C$1.59BC$114.38M34.70170VBNKVersaBank1.3591 of 5 starsC$15.52+0.6%C$19.00+22.4%+5.8%C$502.23MC$248.46M10.09100News CoverageDividend AnnouncementWFCWall FinancialN/AC$15.40+1.7%N/A-13.0%C$494.27MC$193.65M19.90238,000PTSPoints.comN/AN/AN/AN/AC$480.57MC$432.40M169.26240,000WEDWestaim0.1418 of 5 starsC$31.00-0.9%C$7.75-75.0%+659.5%C$458.00MC$10.20M70.143,240Gap DownMLMillennial LithiumN/AC$4.04+2.0%N/A+0.0%C$395.36MN/A-20.20560Gap DownGRNGreenlane Renewables Inc. (GRN.V)0.0355 of 5 starsC$2.78+16.3%C$0.05-98.2%+0.0%C$368.17MC$16.93M-102.9649Gap UpBITFBitfarms2.4005 of 5 starsC$1.03-2.8%C$3.75+264.1%-68.0%C$361.24MC$159.92M-2.32110CAREDialogue Health TechnologiesN/AN/AN/AN/AC$345.36MC$95.88M-17.13730 Related Companies and Tools Related Companies Boralex Alternatives Sprott Alternatives VersaBank Alternatives Wall Financial Alternatives Points.com Alternatives Westaim Alternatives Millennial Lithium Alternatives Greenlane Renewables Inc. 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