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Hut 8 (HUT) Competitors

Hut 8 logo
C$61.00 -4.07 (-6.25%)
As of 10/10/2025 04:32 PM Eastern

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

Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Keyera (KEY), Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), Boralex (BLX), Bitfarms (BITF), HIVE Digital Technologies (HIVE), Westaim (WED), VersaBank (VBNK), Points.com (PTS), and Wall Financial (WFC). 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 business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, risk, valuation, media sentiment, institutional ownership, earnings and profitability.

Hut 8 has a beta of 4.581835, meaning that its share price is 358% more volatile than the S&P 500. Comparatively, Keyera has a beta of 0.564997, meaning that its share price is 44% less volatile than the S&P 500.

37.7% of Hut 8 shares are held by institutional investors. Comparatively, 48.4% of Keyera shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 0.4% of Keyera shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Keyera has a consensus target price of C$51.36, suggesting a potential upside of 17.08%. 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)
5 Buy rating(s)
4 Strong Buy rating(s)
3.00

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%

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$550.39M11.70C$193.22MC$1.4641.78
KeyeraC$7.27B1.38C$449.23MC$2.3118.99

In the previous week, Keyera had 7 more articles in the media than Hut 8. MarketBeat recorded 9 mentions for Keyera and 2 mentions for Hut 8. Keyera's average media sentiment score of 0.41 beat Hut 8's score of 0.00 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)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Keyera
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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$6.44BC$1.41BC$6.38BC$9.53B
Dividend YieldN/A5.01%4.33%6.52%
P/E Ratio41.78282.721,329.4629.30
Price / Sales11.70234.961,362.6112.90
Price / Cash7.8611.8848.9483.29
Price / Book6.024.942.165.73
Net IncomeC$193.22MC$130.65MC$1.22BC$301.20M
7 Day Performance5.57%3.46%-0.56%-1.53%
1 Month Performance35.80%15.06%1.77%4.35%
1 Year Performance278.18%56.43%44.43%37.36%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$61.00
-6.3%
N/A+278.2%C$6.44BC$550.39M41.78219Gap Up
KEY
Keyera
2.6884 of 5 stars
C$46.67
-0.6%
C$51.27
+9.9%
-0.2%C$10.69BC$7.27B20.2017,500
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$31.88
0.0%
N/A+13.9%C$4.53BN/A0.00206,500
SII
Sprott
0.9164 of 5 stars
C$120.54
+2.7%
C$93.33
-22.6%
+89.5%C$3.11BC$186.32M62.13170
BLX
Boralex
2.3567 of 5 stars
C$28.15
-0.3%
C$39.00
+38.5%
N/AC$2.89BC$830M-312.78180News Coverage
BITF
Bitfarms
0.8035 of 5 stars
C$4.82
+14.8%
C$3.75
-22.2%
+131.6%C$2.66BC$245.66M-30.13110Trending News
Insider Trade
Gap Up
High Trading Volume
HIVE
HIVE Digital Technologies
N/AC$7.79
+24.8%
N/A+113.4%C$1.80BC$128.65M23.6120Gap Up
High Trading Volume
WED
Westaim
0.0131 of 5 stars
C$28.79
+0.0%
C$7.75
-73.1%
+469.9%C$965.96MC$42.11M-21.813,240
VBNK
VersaBank
1.6276 of 5 stars
C$17.48
+0.7%
C$19.00
+8.7%
-19.5%C$562.30MC$116.83M18.60100Positive News
Dividend Announcement
Ex-Dividend
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WFC
Wall Financial
N/AC$14.36
-2.3%
N/AN/AC$459.69MC$191.30M14.80238,000News Coverage

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This page (TSE:HUT) was last updated on 10/13/2025 by MarketBeat.com Staff
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