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Hut 8 (HUT) Competitors

Hut 8 logo
C$57.81 +3.29 (+6.03%)
As of 11:17 AM Eastern

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

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), Boralex (BLX), Sprott (SII), Bitfarms (BITF), HIVE Digital Technologies (HIVE), Westaim (WED), VersaBank (VBNK), Wall Financial (WFC), and Points.com (PTS). 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 analyst recommendations, profitability, media sentiment, dividends, risk, valuation, earnings and institutional ownership.

Keyera has a consensus target price of C$51.27, suggesting a potential upside of 10.43%. Given Keyera's higher possible upside, analysts plainly 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

In the previous week, Keyera had 10 more articles in the media than Hut 8. MarketBeat recorded 13 mentions for Keyera and 3 mentions for Hut 8. Keyera's average media sentiment score of 0.63 beat Hut 8's score of 0.22 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)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Keyera
3 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$550.39M11.08C$193.22MC$1.4639.60
KeyeraC$7.27B1.46C$449.23MC$2.3120.10

Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the S&P 500. Comparatively, Keyera has a beta of 0.674688, indicating that its stock price is 33% less volatile than the S&P 500.

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%

37.3% of Hut 8 shares are held by institutional investors. Comparatively, 47.8% of Keyera shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Comparatively, 0.4% of Keyera 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.

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$6.10BC$1.28BC$6.46BC$9.68B
Dividend YieldN/A4.90%4.33%6.49%
P/E Ratio39.60274.341,806.0726.80
Price / Sales11.08164.461,441.3610.54
Price / Cash7.8611.88127.9683.29
Price / Book5.704.542.125.68
Net IncomeC$193.22MC$130.65MC$1.23BC$301.20M
7 Day Performance25.10%6.01%3.99%1.85%
1 Month Performance51.37%21.75%6.53%8.12%
1 Year Performance264.04%49.36%34.93%40.25%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
N/AC$57.81
+6.0%
N/A+236.8%C$6.10BC$550.39M39.60219News Coverage
KEY
Keyera
2.2339 of 5 stars
C$45.51
+0.4%
C$50.92
+11.9%
N/AC$10.43BC$7.27B19.7017,500News Coverage
Analyst Revision
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$31.45
+0.0%
N/A+14.5%C$4.47BN/A0.00206,500
BLX
Boralex
1.7415 of 5 stars
C$27.27
+1.1%
C$39.00
+43.0%
-22.6%C$2.80BC$830M-303.00180News Coverage
SII
Sprott
1.6614 of 5 stars
C$103.57
+3.0%
C$93.33
-9.9%
+92.4%C$2.67BC$186.32M53.39170
BITF
Bitfarms
0.8199 of 5 stars
C$4.22
-1.9%
C$3.75
-11.1%
+53.2%C$2.33BC$245.66M-26.38110Gap Up
High Trading Volume
HIVE
HIVE Digital Technologies
N/AC$5.28
+2.5%
N/A+45.7%C$1.22BC$128.65M16.0020
WED
Westaim
0.01 of 5 stars
C$28.73
-0.4%
C$7.75
-73.0%
+619.0%C$963.95MC$42.11M-21.763,240
VBNK
VersaBank
1.9092 of 5 stars
C$17.27
-0.9%
C$19.00
+10.0%
-3.9%C$561.60MC$116.83M18.37100Dividend Announcement
WFC
Wall Financial
N/AC$15.05
-0.1%
N/A-23.4%C$481.78MC$191.30M15.52238,000
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000

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This page (TSE:HUT) was last updated on 10/3/2025 by MarketBeat.com Staff
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