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Hut 8 (HUT) Competitors

Hut 8 logo
C$121.41 +9.74 (+8.72%)
As of 04:00 PM Eastern

HUT vs. DAY, DSG, TOI, OTEX, and BITF

Should you buy Hut 8 stock or one of its competitors? Hut 8's main competitors and comparable companies include Dayforce (DAY), The Descartes Systems Group (DSG), Topicus.com (TOI), Open Text (OTEX), and Bitfarms (BITF). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "application software" industry.

How does Hut 8 compare to Dayforce?

Dayforce (TSE:DAY) and Hut 8 (TSE:HUT) are both large-cap technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk, dividends and media sentiment.

60.3% of Dayforce shares are held by institutional investors. Comparatively, 39.8% of Hut 8 shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Dayforce has a beta of 0.993443, meaning that its stock price is 1% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, meaning that its stock price is 358% more volatile than the broader market.

In the previous week, Hut 8 had 3 more articles in the media than Dayforce. MarketBeat recorded 3 mentions for Hut 8 and 0 mentions for Dayforce. Hut 8's average media sentiment score of 0.38 beat Dayforce's score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company Overall Sentiment
Dayforce Neutral
Hut 8 Neutral

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Dayforce
0 Sell rating(s)
3 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83

Dayforce has a net margin of 0.00% compared to Hut 8's net margin of -188.53%. Dayforce's return on equity of 0.00% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
DayforceN/A N/A N/A
Hut 8 -188.53%-39.50%-4.25%

Hut 8 has lower revenue, but higher earnings than Dayforce. Dayforce 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
DayforceC$1.89B8.06-C$152.03M-C$0.95N/A
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A

Summary

Hut 8 beats Dayforce on 10 of the 16 factors compared between the two stocks.

How does Hut 8 compare to The Descartes Systems Group?

Hut 8 (TSE:HUT) and The Descartes Systems Group (TSE:DSG) are both technology companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, media sentiment, institutional ownership, risk, valuation, dividends, earnings and analyst recommendations.

Hut 8 has higher earnings, but lower revenue than The Descartes Systems Group. Hut 8 is trading at a lower price-to-earnings ratio than The Descartes Systems Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A
The Descartes Systems GroupC$753.87M12.67C$97.67MC$2.0155.46

39.8% of Hut 8 shares are held by institutional investors. Comparatively, 66.3% of The Descartes Systems Group shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 0.0% of The Descartes Systems Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Hut 8 has a beta of 4.581835, suggesting that its stock price is 358% more volatile than the broader market. Comparatively, The Descartes Systems Group has a beta of 0.138981, suggesting that its stock price is 86% less volatile than the broader market.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83
The Descartes Systems Group
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
4 Strong Buy rating(s)
3.80

The Descartes Systems Group has a net margin of 23.35% compared to Hut 8's net margin of -188.53%. The Descartes Systems Group's return on equity of 11.26% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
The Descartes Systems Group 23.35%11.26%7.51%

In the previous week, The Descartes Systems Group had 1 more articles in the media than Hut 8. MarketBeat recorded 4 mentions for The Descartes Systems Group and 3 mentions for Hut 8. Hut 8's average media sentiment score of 0.38 beat The Descartes Systems Group's score of 0.16 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
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
The Descartes Systems Group
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

The Descartes Systems Group beats Hut 8 on 8 of the 15 factors compared between the two stocks.

How does Hut 8 compare to Topicus.com?

Hut 8 (TSE:HUT) and Topicus.com (CVE:TOI) are both technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, media sentiment, profitability, valuation, dividends, analyst recommendations and risk.

Topicus.com has a consensus target price of C$143.75, suggesting a potential upside of 40.01%. Given Topicus.com's higher possible upside, analysts plainly believe Topicus.com 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)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83
Topicus.com
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00

39.8% of Hut 8 shares are owned by institutional investors. Comparatively, 21.0% of Topicus.com shares are owned by institutional investors. 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 is poised for long-term growth.

Hut 8 has a beta of 4.581835, meaning that its share price is 358% more volatile than the broader market. Comparatively, Topicus.com has a beta of 0.081974, meaning that its share price is 92% less volatile than the broader market.

Hut 8 has higher earnings, but lower revenue than Topicus.com. Hut 8 is trading at a lower price-to-earnings ratio than Topicus.com, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A
Topicus.comC$1.70B5.05C$35.08MC$0.42244.45

Topicus.com has a net margin of 0.00% compared to Hut 8's net margin of -188.53%. Topicus.com's return on equity of 0.00% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
Topicus.com N/A N/A N/A

In the previous week, Hut 8 had 3 more articles in the media than Topicus.com. MarketBeat recorded 3 mentions for Hut 8 and 0 mentions for Topicus.com. Hut 8's average media sentiment score of 0.38 beat Topicus.com's score of 0.00 indicating that Hut 8 is being referred to more favorably in the media.

Company Overall Sentiment
Hut 8 Neutral
Topicus.com Neutral

Summary

Hut 8 beats Topicus.com on 9 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Open Text?

Hut 8 (TSE:HUT) and Open Text (TSE:OTEX) are both technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, media sentiment, analyst recommendations, profitability, earnings, dividends and valuation.

Open Text has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A
Open TextC$5.25B1.58C$455.93MC$2.5813.28

39.8% of Hut 8 shares are owned by institutional investors. Comparatively, 57.4% of Open Text shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 2.1% of Open Text shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Open Text has a net margin of 12.25% compared to Hut 8's net margin of -188.53%. Open Text's return on equity of 15.99% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
Open Text 12.25%15.99%4.03%

In the previous week, Hut 8 had 2 more articles in the media than Open Text. MarketBeat recorded 3 mentions for Hut 8 and 1 mentions for Open Text. Hut 8's average media sentiment score of 0.38 beat Open Text's score of 0.00 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
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Open Text
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Hut 8 has a beta of 4.581835, indicating that its share price is 358% more volatile than the broader market. Comparatively, Open Text has a beta of 1.285215, indicating that its share price is 29% more volatile than the broader market.

Open Text has a consensus price target of C$27.50, indicating a potential downside of 19.71%. Given Open Text's higher possible upside, analysts plainly believe Open Text 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)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Summary

Open Text beats Hut 8 on 9 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Bitfarms?

Hut 8 (TSE:HUT) and Bitfarms (TSE:BITF) are both technology companies, but which is the superior business? We will compare the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, media sentiment, dividends, profitability, valuation and risk.

Hut 8 has higher revenue and earnings than Bitfarms. Hut 8 is trading at a lower price-to-earnings ratio than Bitfarms, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

39.8% of Hut 8 shares are held by institutional investors. Comparatively, 11.7% of Bitfarms shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Comparatively, 23.4% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Hut 8 has a net margin of -188.53% compared to Bitfarms' net margin of -234.21%. Hut 8's return on equity of -39.50% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
Bitfarms -234.21%-74.20%-10.66%

In the previous week, Hut 8 had 3 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for Hut 8 and 0 mentions for Bitfarms. Hut 8's average media sentiment score of 0.38 beat Bitfarms' score of 0.00 indicating that Hut 8 is being referred to more favorably in the media.

Company Overall Sentiment
Hut 8 Neutral
Bitfarms Neutral

Hut 8 has a beta of 4.581835, suggesting that its stock price is 358% more volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, suggesting that its stock price is 241% more volatile than the broader market.

Summary

Hut 8 beats Bitfarms on 14 of the 16 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 8Software IndustryTechnology SectorTSE Exchange
Market CapC$13.67BC$16.08BC$29.60BC$12.53B
Dividend YieldN/A3.40%2.73%6.25%
P/E Ratio-22.48139.9075.8639.47
Price / Sales42.991,282.83588.029.83
Price / Cash7.8648.1948.2982.29
Price / Book8.517.469.304.71
Net IncomeC$193.22MC$437.25MC$678.51MC$299.09M
7 Day Performance0.59%-1.84%-2.37%-1.21%
1 Month Performance-19.60%3.26%1.09%4.89%
1 Year Performance217.91%4.92%186.43%28.63%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.3172 of 5 stars
C$121.41
+8.7%
N/A+195.8%C$13.67BC$317.95MN/A219
DAY
Dayforce
0.0858 of 5 stars
C$95.35
-1.1%
N/AN/AC$15.26BC$1.89BN/AN/A
DSG
The Descartes Systems Group
1.5061 of 5 stars
C$112.20
+0.5%
N/A-20.1%C$9.61BC$753.87M55.8250,800
TOI
Topicus.com
1.4123 of 5 stars
C$105.38
+1.3%
C$143.75
+36.4%
N/AC$8.80BC$1.70B250.90N/A
OTEX
Open Text
0.7826 of 5 stars
C$34.87
+0.0%
C$27.50
-21.1%
-28.0%C$8.46BC$5.25B13.5222,900

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This page (TSE:HUT) was last updated on 9/3/2026 by MarketBeat.com Staff.
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