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Hut 8 (HUT) Competitors

Hut 8 logo
C$157.13 -9.47 (-5.68%)
As of 04:00 PM Eastern

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

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), Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), and Boralex (BLX). 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 superior business? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, profitability, analyst recommendations, dividends, media sentiment and risk.

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$284.32M62.23C$193.22M-C$2.82N/A
Fairfax FinancialC$29.34B1.58C$2.94BC$202.1911.14

Fairfax Financial has a consensus target price of C$2,793.50, suggesting a potential upside of 24.04%. Given Fairfax Financial's higher possible upside, analysts clearly 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)
2 Strong Buy rating(s)
3.67
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 0.356701, meaning that its share price is 64% less volatile than the broader market.

37.4% of Hut 8 shares are owned by institutional investors. Comparatively, 34.2% of Fairfax Financial shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Comparatively, 3.8% of Fairfax Financial shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

In the previous week, Fairfax Financial had 4 more articles in the media than Hut 8. MarketBeat recorded 6 mentions for Fairfax Financial and 2 mentions for Hut 8. Hut 8's average media sentiment score of 0.40 beat Fairfax Financial's score of -0.22 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)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fairfax Financial
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
2 Negative mention(s)
2 Very Negative mention(s)
Neutral

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%

Summary

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

How does Hut 8 compare to Keyera?

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

57.3% of Keyera shares are held by institutional investors. Comparatively, 37.4% of Hut 8 shares are held by institutional investors. 0.4% of Keyera shares are held by insiders. Comparatively, 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 stock is poised for long-term growth.

Keyera has a beta of 0.466346, suggesting that its stock price is 53% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its stock price is 358% more volatile than the broader market.

In the previous week, Keyera and Keyera both had 2 articles in the media. Hut 8's average media sentiment score of 0.40 beat Keyera's score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Keyera
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
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Keyera currently has a consensus target price of C$58.29, suggesting a potential upside of 1.58%. Given Keyera's higher possible upside, research analysts plainly believe Keyera is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Keyera
0 Sell rating(s)
4 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.80
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67

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
Keyera2.73% 6.59% 6.15%
Hut 8 -109.77%-20.57%-4.25%

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
KeyeraC$6.39B2.06C$449.23MC$0.7972.63
Hut 8C$284.32M62.23C$193.22M-C$2.82N/A

Summary

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

How does Hut 8 compare to Purpose Canadian Financial Income Fund Series ETF?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) and Hut 8 (TSE:HUT) are both banking companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, institutional ownership, profitability, valuation, analyst recommendations, media sentiment, risk and earnings.

Purpose Canadian Financial Income Fund Series ETF has a beta of 1.04, suggesting that its share price is 4% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the broader market.

Purpose Canadian Financial Income Fund Series ETF has a net margin of 0.00% compared to Hut 8's net margin of -109.77%. Purpose Canadian Financial Income Fund Series ETF's return on equity of 0.00% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Purpose Canadian Financial Income Fund Series ETFN/A N/A N/A
Hut 8 -109.77%-20.57%-4.25%

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Purpose Canadian Financial Income Fund Series ETF
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67

Hut 8 has higher revenue and earnings than Purpose Canadian Financial Income Fund Series ETF.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Purpose Canadian Financial Income Fund Series ETFN/AN/AN/AN/AN/A
Hut 8C$284.32M62.23C$193.22M-C$2.82N/A

0.0% of Purpose Canadian Financial Income Fund Series ETF shares are held by institutional investors. Comparatively, 37.4% of Hut 8 shares are held by institutional investors. 60.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

In the previous week, Hut 8 had 2 more articles in the media than Purpose Canadian Financial Income Fund Series ETF. MarketBeat recorded 2 mentions for Hut 8 and 0 mentions for Purpose Canadian Financial Income Fund Series ETF. Hut 8's average media sentiment score of 0.40 beat Purpose Canadian Financial Income Fund Series ETF's score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company Overall Sentiment
Purpose Canadian Financial Income Fund Series ETF Neutral
Hut 8 Neutral

Summary

Hut 8 beats Purpose Canadian Financial Income Fund Series ETF on 9 of the 12 factors compared between the two stocks.

How does Hut 8 compare to Sprott?

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

Sprott currently has a consensus price target of C$211.00, indicating a potential upside of 28.24%. Given Sprott's higher possible upside, research analysts plainly believe Sprott is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67

In the previous week, Sprott and Sprott both had 2 articles in the media. Sprott's average media sentiment score of 0.75 beat Hut 8's score of 0.40 indicating that Sprott is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Sprott
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Sprott has a beta of 1.474419, suggesting that its stock price is 47% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its stock price is 358% more volatile than the broader market.

29.9% of Sprott shares are held by institutional investors. Comparatively, 37.4% of Hut 8 shares are held by institutional investors. 17.7% of Sprott shares are held by company insiders. Comparatively, 60.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Hut 8 has lower revenue, but higher earnings 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
SprottC$368.97M11.50C$32.26MC$3.2850.16
Hut 8C$284.32M62.23C$193.22M-C$2.82N/A

Sprott has a net margin of 22.40% compared to Hut 8's net margin of -109.77%. Sprott's return on equity of 23.54% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Sprott22.40% 23.54% 10.25%
Hut 8 -109.77%-20.57%-4.25%

Summary

Sprott beats Hut 8 on 9 of the 16 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 superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, profitability, risk, analyst recommendations, valuation, dividends 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%

Boralex has a consensus price target of C$38.39, indicating a potential upside of 4.33%. Given Boralex's higher probable 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)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50

In the previous week, Boralex had 1 more articles in the media than Hut 8. MarketBeat recorded 3 mentions for Boralex and 2 mentions for Hut 8. Hut 8's average media sentiment score of 0.40 beat Boralex's score of 0.22 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)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Boralex
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
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$284.32M62.23C$193.22M-C$2.82N/A
BoralexC$898M4.21C$71.91M-C$0.31N/A

37.4% of Hut 8 shares are held by institutional investors. Comparatively, 42.3% 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 company is poised for long-term growth.

Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the broader market. Comparatively, Boralex has a beta of 0.184176, suggesting that its share price is 82% less volatile than the broader market.

Summary

Boralex 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$17.69BC$1.65BC$5.71BC$12.74B
Dividend YieldN/A6.13%5.28%6.20%
P/E Ratio-55.729.6916.3636.68
Price / Sales62.23248.681,103.8510.18
Price / Cash7.8611.8891.9082.29
Price / Book10.323.406.484.38
Net IncomeC$193.22MC$142.57MC$1.13BC$299.09M
7 Day Performance-14.64%5.37%-0.28%-3.38%
1 Month Performance16.83%18.28%1.02%-2.14%
1 Year Performance518.62%64.00%18.88%41.48%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
0.9355 of 5 stars
C$157.13
-5.7%
N/A+555.6%C$17.69BC$284.32MN/A219
FFH
Fairfax Financial
3.3892 of 5 stars
C$2,111.76
flat
C$2,793.50
+32.3%
-1.3%C$45.30BC$29.34B10.4419,300
KEY
Keyera
1.1784 of 5 stars
C$57.20
flat
C$58.29
+1.9%
+37.1%C$13.12BC$6.39B72.4117,500
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$38.61
flat
N/A+39.2%C$5.49BN/AN/A206,500
SII
Sprott
3.0983 of 5 stars
C$183.65
flat
C$211.00
+14.9%
+99.5%C$4.74BC$368.97M55.99170

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This page (TSE:HUT) was last updated on 6/9/2026 by MarketBeat.com Staff.
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