Hut 8 (HUT) Competitors C$32.49 +0.20 (+0.62%) As of 04:00 PM Eastern Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsHeadlinesBuy This Stock HUT vs. BLX, SII, BITF, WFC, PTS, VBNK, WED, ML, GRN, and CAREShould you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Boralex (BLX), Sprott (SII), Bitfarms (BITF), Wall Financial (WFC), Points.com (PTS), VersaBank (VBNK), Westaim (WED), Millennial Lithium (ML), Greenlane Renewables Inc. (GRN.V) (GRN), and Dialogue Health Technologies (CARE). These companies are all part of the "banking" industry. Hut 8 vs. Its Competitors Boralex Sprott Bitfarms Wall Financial Points.com VersaBank Westaim Millennial Lithium Greenlane Renewables Inc. (GRN.V) Dialogue Health Technologies Boralex (TSE:BLX) and Hut 8 (TSE:HUT) are both mid-cap banking companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, media sentiment, valuation, profitability, earnings, risk, institutional ownership and analyst recommendations. Does the media favor BLX or HUT? In the previous week, Hut 8 had 3 more articles in the media than Boralex. MarketBeat recorded 3 mentions for Hut 8 and 0 mentions for Boralex. Boralex's average media sentiment score of 1.66 beat Hut 8's score of 0.98 indicating that Boralex is being referred to more favorably in the media. Company Overall Sentiment Boralex Very Positive Hut 8 Positive Which has higher valuation and earnings, BLX or HUT? Hut 8 has lower revenue, but higher earnings 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 RatioBoralexC$952.11M3.23C$71.91MC$0.6843.29Hut 8C$142.55M15.17C$193.22MC$4.097.95 Do insiders and institutionals have more ownership in BLX or HUT? 58.3% of Boralex shares are owned by institutional investors. Comparatively, 57.2% of Hut 8 shares are owned by institutional investors. 0.2% of Boralex shares are owned by insiders. Comparatively, 60.2% of Hut 8 shares are owned by 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. Do analysts rate BLX or HUT? Boralex currently has a consensus target price of C$39.00, indicating a potential upside of 32.07%. Given Boralex's higher possible upside, equities analysts clearly believe Boralex is more favorable than Hut 8.Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Boralex 0 Sell rating(s) 1 Hold rating(s) 3 Buy rating(s) 2 Strong Buy rating(s) 3.17Hut 8 0 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 8 Strong Buy rating(s) 4.00 Is BLX or HUT 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 Boralex7.55% 4.29% 2.54% Hut 8 135.55%40.91%-4.25% Which has more risk & volatility, BLX or HUT? Boralex has a beta of 0.46, indicating that its share price is 54% less volatile than the S&P 500. Comparatively, Hut 8 has a beta of 3.45, indicating that its share price is 245% more volatile than the S&P 500. SummaryHut 8 beats Boralex on 10 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$2.16BC$994.30MC$6.46BC$6.34BDividend YieldN/A3.88%4.17%6.72%P/E Ratio7.9534.9414.4070.63Price / Sales15.17164.071,804.231,636.72Price / Cash7.8611.8849.0783.29Price / Book3.203.703.504.98Net IncomeC$193.22MC$130.65MC$1.23BC$301.20M7 Day Performance-3.65%-0.23%0.74%2.04%1 Month Performance16.33%-2.29%2.26%3.05%1 Year Performance91.23%29.19%24.54%28.29% Hut 8 Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)HUTHut 8N/AC$32.49+0.6%N/A+90.1%C$2.16BC$142.55M7.95219Positive NewsBLXBoralex3.2074 of 5 starsC$30.43+2.4%C$39.00+28.2%N/AC$3.17BC$952.11M44.61180SIISprott0.6487 of 5 starsC$89.91-1.2%C$88.33-1.8%+56.8%C$1.61BC$114.38M35.04170Dividend AnnouncementBITFBitfarms2.0373 of 5 starsC$1.92+9.1%C$3.75+95.3%-46.3%C$673.38MC$159.92M-4.32110High Trading VolumeWFCWall FinancialN/AC$16.48+4.3%N/AN/AC$528.94MC$193.65M21.30238,000Gap UpPTSPoints.comN/AN/AN/AN/AC$480.57MC$432.40M169.26240,000VBNKVersaBank3.2807 of 5 starsC$14.60-1.5%C$19.00+30.1%-10.5%C$472.46MC$248.46M9.49100WEDWestaim0.0746 of 5 starsC$29.53-0.1%C$7.75-73.8%+626.0%C$436.28MC$10.20M66.813,240MLMillennial LithiumN/AC$4.04+2.0%N/A+0.0%C$395.36MN/A-20.20560Gap DownGRNGreenlane Renewables Inc. (GRN.V)N/AC$2.78+16.3%N/A+0.0%C$368.17MC$16.93M-102.9649Gap UpCAREDialogue Health TechnologiesN/AN/AN/AN/AC$345.36MC$95.88M-17.13730 Related Companies and Tools Related Companies Boralex Alternatives Sprott Alternatives Bitfarms Alternatives Wall Financial Alternatives Points.com Alternatives VersaBank Alternatives Westaim Alternatives Millennial Lithium Alternatives Greenlane Renewables Inc. (GRN.V) Alternatives Dialogue Health Technologies Alternatives Top 10 Stock Comparisons Semiconductor Stocks Artificial Intelligence Stocks Growth Stocks Magnificent Seven Stocks Pharmaceutical Stocks Ecommerce Stocks Bitcoin Stocks Meme Stocks Cryptocurrency Stocks Cybersecurity Stocks This page (TSE:HUT) was last updated on 8/25/2025 by MarketBeat.com Staff From Our PartnersBONUS GUIDE - Ben Stein Prepares For the Next Financial CrisisWith inflation high, debt soaring, and global tensions rising, a financial storm may be brewing. 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