Hut 8 (HUT) Competitors C$27.30 -2.13 (-7.24%) As of 08/1/2025 04:00 PM Eastern Add Compare Share Share Competitors Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesBuy This Stock HUT vs. BLX, SII, BITF, VBNK, WFC, PTS, 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), VersaBank (VBNK), Wall Financial (WFC), Points.com (PTS), 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 VersaBank Wall Financial Points.com Westaim Millennial Lithium Greenlane Renewables Inc. (GRN.V) Dialogue Health Technologies Hut 8 (TSE:HUT) and Boralex (TSE:BLX) are both banking companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, media sentiment, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings. Do analysts prefer HUT or BLX? Boralex has a consensus target price of C$39.22, suggesting a potential upside of 28.34%. Given Boralex's higher possible upside, analysts plainly 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) 2 Strong Buy rating(s) 3.17 Which has better valuation and earnings, 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$142.55M12.75C$193.22MC$4.096.68BoralexC$952.11M3.34C$71.91MC$0.6844.80 Do insiders and 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 insiders. Comparatively, 0.2% of Boralex shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth. Does the media favor HUT or BLX? In the previous week, Boralex had 1 more articles in the media than Hut 8. MarketBeat recorded 2 mentions for Boralex and 1 mentions for Hut 8. Hut 8's average media sentiment score of 0.00 beat Boralex's score of -0.05 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 0 Very Positive mention(s) 0 Positive mention(s) 1 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Boralex 1 Very Positive mention(s) 0 Positive mention(s) 0 Neutral mention(s) 0 Negative mention(s) 0 Very Negative mention(s) Neutral Which has more volatility and risk, HUT or BLX? Hut 8 has a beta of 3.45, suggesting that its share price is 245% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, suggesting that its share price is 54% less volatile than the S&P 500. 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% 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$1.82BC$997.43MC$6.31BC$6.20BDividend YieldN/A3.88%4.18%6.72%P/E Ratio6.6833.7714.1463.43Price / Sales12.75165.791,851.341,250.99Price / Cash7.8611.8849.0683.29Price / Book2.693.582.114.86Net IncomeC$193.22MC$130.65MC$1.23BC$301.20M7 Day Performance0.55%-0.68%6.79%-2.11%1 Month Performance-6.67%6.80%8.90%0.22%1 Year Performance58.72%32.59%22.57%26.44% Hut 8 Competitors List Export to ExcelCompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)HUTHut 8N/AC$27.30-7.2%N/A+58.7%C$1.82BC$142.55M6.68219Gap UpBLXBoralex2.9147 of 5 starsC$31.55-0.1%C$39.22+24.3%-10.0%C$3.28BC$952.11M46.25180SIISprott0.5383 of 5 starsC$94.70-2.5%C$88.33-6.7%+59.3%C$1.69BC$114.38M36.90170BITFBitfarms1.8809 of 5 starsC$1.75+3.6%C$3.75+114.3%-46.5%C$613.76MC$159.92M-3.94110VBNKVersaBank1.5065 of 5 starsC$15.92+0.7%C$19.00+19.3%+1.3%C$515.18MC$248.46M10.35100WFCWall FinancialN/AC$16.00-4.2%N/AN/AC$513.53MC$193.65M20.68238,000Gap DownPTSPoints.comN/AN/AN/AN/AC$480.57MC$432.40M169.26240,000WEDWestaim0.1244 of 5 starsC$30.08-1.3%C$7.75-74.2%+647.4%C$444.41MC$10.20M68.063,240MLMillennial 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%C$0.05-98.2%+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 VersaBank Alternatives Wall Financial Alternatives Points.com 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 8/5/2025 by MarketBeat.com Staff From Our PartnersMan Who Called Nvidia at $1.10 Says Buy This Now...In 2004, one man called Nvidia before just about anyone knew it existed. 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