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Hut 8 (HUT) Competitors

Hut 8 logo
C$132.62 +4.33 (+3.38%)
As of 04:00 PM Eastern

HUT vs. FFH, KEY, SII, BLX, and BITF

Should you buy Hut 8 stock or one of its competitors? MarketBeat compares Hut 8 with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Hut 8 include Fairfax Financial (FFH), Keyera (KEY), Sprott (SII), Boralex (BLX), and Bitfarms (BITF). These companies are all part of the "banking" industry.

How does Hut 8 compare to Fairfax Financial?

Hut 8 (TSE:HUT) and Fairfax Financial (TSE:FFH) are both large-cap financial services companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, media sentiment, valuation, earnings, risk and dividends.

38.0% of Hut 8 shares are held by institutional investors. Comparatively, 33.7% of Fairfax Financial shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 3.8% of Fairfax Financial 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.

Fairfax Financial has a net margin of 15.41% compared to Hut 8's net margin of -109.77%. Fairfax Financial's return on equity of 17.32% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Fairfax Financial 15.41%17.32%4.27%

In the previous week, Hut 8 had 6 more articles in the media than Fairfax Financial. MarketBeat recorded 9 mentions for Hut 8 and 3 mentions for Fairfax Financial. Fairfax Financial's average media sentiment score of 0.27 beat Hut 8's score of 0.20 indicating that Fairfax Financial 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)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fairfax Financial
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$284.32M52.52C$193.22M-C$2.82N/A
Fairfax FinancialC$29.34B1.64C$2.94BC$202.1911.12

Fairfax Financial has a consensus price target of C$2,793.50, indicating a potential upside of 24.26%. Given Fairfax Financial's higher possible upside, analysts plainly believe Fairfax Financial 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)
4 Strong Buy rating(s)
3.80
Fairfax Financial
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57

Hut 8 has a beta of 4.581835, meaning that its share price is 358% more volatile than the broader market. Comparatively, Fairfax Financial has a beta of 0.335839, meaning that its share price is 66% less volatile than the broader market.

Summary

Fairfax Financial beats Hut 8 on 10 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Keyera?

Hut 8 (TSE:HUT) and Keyera (TSE:KEY) are both large-cap banking companies, but which is the better business? We will compare the two companies based on the strength of their dividends, valuation, earnings, analyst recommendations, media sentiment, profitability, institutional ownership and risk.

38.0% of Hut 8 shares are held by institutional investors. Comparatively, 53.8% 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, endowments and hedge funds believe a company will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$284.32M52.52C$193.22M-C$2.82N/A
KeyeraC$6.39B2.09C$449.23MC$0.7973.86

Hut 8 has a beta of 4.581835, meaning that its share price is 358% more volatile than the broader market. Comparatively, Keyera has a beta of 0.562662, meaning that its share price is 44% less volatile than the broader market.

Keyera has a net margin of 2.73% compared to Hut 8's net margin of -109.77%. Keyera's return on equity of 6.59% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Keyera 2.73%6.59%6.15%

In the previous week, Keyera had 10 more articles in the media than Hut 8. MarketBeat recorded 19 mentions for Keyera and 9 mentions for Hut 8. Keyera's average media sentiment score of 0.39 beat Hut 8's score of 0.20 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)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Keyera
2 Very Positive mention(s)
2 Positive mention(s)
2 Neutral mention(s)
4 Negative mention(s)
0 Very Negative mention(s)
Neutral

Keyera has a consensus target price of C$57.29, indicating a potential downside of 1.82%. Given Keyera's higher probable 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)
1 Buy rating(s)
4 Strong Buy rating(s)
3.80
Keyera
0 Sell rating(s)
4 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.80

Summary

Keyera beats Hut 8 on 12 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Sprott?

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

Sprott has a consensus price target of C$211.00, indicating a potential upside of 20.89%. Given Sprott's higher possible upside, analysts plainly believe Sprott 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)
4 Strong Buy rating(s)
3.80
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

Sprott has a net margin of 22.72% compared to Hut 8's net margin of -109.77%. Sprott's return on equity of 24.26% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Sprott 22.72%24.26%10.25%

In the previous week, Hut 8 had 8 more articles in the media than Sprott. MarketBeat recorded 9 mentions for Hut 8 and 1 mentions for Sprott. Sprott's average media sentiment score of 0.67 beat Hut 8's score of 0.20 indicating that Sprott 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)
6 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Sprott
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

38.0% of Hut 8 shares are held by institutional investors. Comparatively, 29.9% of Sprott shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Comparatively, 17.7% of Sprott shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$284.32M52.52C$193.22M-C$2.82N/A
SprottC$368.97M12.20C$32.26MC$3.2853.21

Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market. Comparatively, Sprott has a beta of 1.560976, indicating that its stock price is 56% more volatile than the broader market.

Summary

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

How does Hut 8 compare to Boralex?

Hut 8 (TSE:HUT) and Boralex (TSE:BLX) are both banking companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, risk, earnings, dividends, analyst recommendations, institutional ownership, profitability and media sentiment.

Boralex has a net margin of -3.56% compared to Hut 8's net margin of -109.77%. Boralex's return on equity of -2.08% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Boralex -3.56%-2.08%2.54%

In the previous week, Hut 8 had 6 more articles in the media than Boralex. MarketBeat recorded 9 mentions for Hut 8 and 3 mentions for Boralex. Boralex's average media sentiment score of 0.39 beat Hut 8's score of 0.20 indicating that Boralex is being referred to more favorably in the news media.

Company Overall Sentiment
Hut 8 Neutral
Boralex Neutral

Hut 8 has higher earnings, but lower revenue than Boralex. Boralex 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$284.32M52.52C$193.22M-C$2.82N/A
BoralexC$898M4.22C$71.91M-C$0.31N/A

Boralex has a consensus target price of C$38.47, suggesting a potential upside of 4.39%. Given Boralex's higher probable upside, analysts clearly 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)
1 Buy rating(s)
4 Strong Buy rating(s)
3.80
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50

Hut 8 has a beta of 4.581835, indicating that its share price is 358% more volatile than the broader market. Comparatively, Boralex has a beta of 0.25505, indicating that its share price is 74% less volatile than the broader market.

38.0% of Hut 8 shares are held by institutional investors. Comparatively, 45.1% 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, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

Boralex 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 financial services companies, but which is the superior investment? We will contrast the two companies based on the strength of their risk, earnings, valuation, media sentiment, analyst recommendations, institutional ownership, profitability and dividends.

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

Hut 8 has a net margin of -109.77% compared to Bitfarms' net margin of -160.41%. Hut 8's return on equity of -20.57% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-109.77% -20.57% -4.25%
Bitfarms -160.41%-56.78%-10.66%

In the previous week, Hut 8 had 9 more articles in the media than Bitfarms. MarketBeat recorded 9 mentions for Hut 8 and 0 mentions for Bitfarms. Hut 8's average media sentiment score of 0.20 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

38.0% 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 company insiders. Comparatively, 23.4% of Bitfarms shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

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$284.32M52.52C$193.22M-C$2.82N/A
BitfarmsC$229.28M15.15-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)
4 Strong Buy rating(s)
3.80
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

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 8Capital Markets IndustryFinancial SectorTSE Exchange
Market CapC$14.93BC$1.47BC$5.83BC$11.94B
Dividend YieldN/A6.19%5.25%6.23%
P/E Ratio-47.039.5615.4937.44
Price / Sales52.52180.64981.1411.35
Price / Cash7.8611.8891.7882.29
Price / Book8.713.106.554.39
Net IncomeC$193.22MC$142.57MC$1.15BC$299.09M
7 Day Performance-10.55%1.95%0.26%-1.29%
1 Month Performance23.01%2.70%0.86%-0.48%
1 Year Performance466.27%40.59%18.92%52.53%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.0756 of 5 stars
C$132.62
+3.4%
N/A+435.7%C$14.93BC$284.32MN/A219
FFH
Fairfax Financial
3.935 of 5 stars
C$2,219.84
-1.7%
C$2,793.50
+25.8%
-2.1%C$45.78BC$29.34B10.9819,300
KEY
Keyera
1.4058 of 5 stars
C$53.64
+2.3%
C$54.08
+0.8%
+36.6%C$12.30BC$6.85B28.3817,500
SII
Sprott
2.78 of 5 stars
C$200.22
+1.5%
C$211.00
+5.4%
+120.2%C$5.16BC$368.97M61.04170
BLX
Boralex
1.2341 of 5 stars
C$36.81
flat
C$38.64
+5.0%
+23.8%C$3.78BC$849M613.50180

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This page (TSE:HUT) was last updated on 5/20/2026 by MarketBeat.com Staff.
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