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Hut 8 (HUT) Competitors

Hut 8 logo
C$168.00 -6.17 (-3.54%)
As of 06/29/2026 04:00 PM Eastern

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

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), Bitfarms (BITF), and Sprott (SII). These companies are all part of the "banking" industry.

How does Hut 8 compare to Fairfax Financial?

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

34.4% of Fairfax Financial shares are owned by institutional investors. Comparatively, 37.2% of Hut 8 shares are owned by institutional investors. 3.8% of Fairfax Financial shares are owned by insiders. Comparatively, 60.2% of Hut 8 shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

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
Fairfax FinancialC$29.34B1.64C$2.94BC$202.1911.53
Hut 8C$284.32M66.53C$193.22M-C$2.82N/A

Fairfax Financial currently has a consensus price target of C$2,730.14, indicating a potential upside of 17.06%. Given Fairfax Financial's higher probable upside, equities research analysts plainly believe Fairfax Financial is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fairfax Financial
0 Sell rating(s)
4 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.50
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, Fairfax Financial had 5 more articles in the media than Hut 8. MarketBeat recorded 6 mentions for Fairfax Financial and 1 mentions for Hut 8. Hut 8's average media sentiment score of -0.02 beat Fairfax Financial's score of -0.19 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fairfax Financial
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
0 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 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
Fairfax Financial15.41% 17.32% 4.27%
Hut 8 -109.77%-20.57%-4.25%

Fairfax Financial has a beta of 0.356701, indicating that its share price is 64% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, indicating that its share price is 358% more 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?

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

Keyera presently has a consensus target price of C$60.64, indicating a potential upside of 5.58%. 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
Keyera
0 Sell rating(s)
3 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.86
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
2 Strong Buy rating(s)
3.67

48.2% of Keyera shares are held by institutional investors. Comparatively, 37.2% of Hut 8 shares are held by institutional investors. 0.4% of Keyera 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 large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Keyera has a beta of 0.466346, suggesting that its share price is 53% less 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.

In the previous week, Keyera had 3 more articles in the media than Hut 8. MarketBeat recorded 4 mentions for Keyera and 1 mentions for Hut 8. Keyera's average media sentiment score of 0.13 beat Hut 8's score of -0.02 indicating that Keyera is being referred to more favorably in the media.

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

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$6.39B2.64C$449.23MC$0.7972.71
Hut 8C$284.32M66.53C$193.22M-C$2.82N/A

Summary

Keyera beats Hut 8 on 12 of the 17 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 contrast the two companies based on the strength of their dividends, valuation, profitability, institutional ownership, media sentiment, earnings, risk and analyst recommendations.

Purpose Canadian Financial Income Fund Series ETF has a beta of 1.11, meaning that its stock price is 11% more 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.

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$284.32M66.53C$193.22M-C$2.82N/A

In the previous week, Hut 8 had 1 more articles in the media than Purpose Canadian Financial Income Fund Series ETF. MarketBeat recorded 1 mentions for Hut 8 and 0 mentions for Purpose Canadian Financial Income Fund Series ETF. Purpose Canadian Financial Income Fund Series ETF's average media sentiment score of 0.00 beat Hut 8's score of -0.02 indicating that Purpose Canadian Financial Income Fund Series ETF is being referred to more favorably in the media.

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

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%

0.0% of Purpose Canadian Financial Income Fund Series ETF shares are owned by institutional investors. Comparatively, 37.2% of Hut 8 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, large money managers and endowments believe a stock will outperform the market over the long term.

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

Summary

Hut 8 beats Purpose Canadian Financial Income Fund Series ETF on 8 of the 12 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 better stock? We will compare the two businesses based on the strength of their analyst recommendations, valuation, earnings, dividends, institutional ownership, media sentiment, risk and profitability.

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
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

37.2% of Hut 8 shares are owned by institutional investors. Comparatively, 11.7% of Bitfarms shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 23.4% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

In the previous week, Hut 8 had 1 more articles in the media than Bitfarms. MarketBeat recorded 1 mentions for Hut 8 and 0 mentions for Bitfarms. Bitfarms' average media sentiment score of 0.00 beat Hut 8's score of -0.02 indicating that Bitfarms is being referred to more favorably in the news media.

Company Overall Sentiment
Hut 8 Neutral
Bitfarms Neutral

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

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$284.32M66.53C$193.22M-C$2.82N/A
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

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%

Summary

Hut 8 beats Bitfarms on 13 of the 16 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 investment? We will compare the two businesses based on the strength of their institutional ownership, risk, analyst recommendations, media sentiment, dividends, profitability, valuation and earnings.

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
Hut 8-109.77% -20.57% -4.25%
Sprott 22.40%23.54%10.25%

37.2% of Hut 8 shares are owned by institutional investors. Comparatively, 30.4% of Sprott shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 17.7% of Sprott shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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$284.32M66.53C$193.22M-C$2.82N/A
SprottC$368.97M11.21C$32.26MC$3.2848.90

In the previous week, Hut 8 had 1 more articles in the media than Sprott. MarketBeat recorded 1 mentions for Hut 8 and 0 mentions for Sprott. Sprott's average media sentiment score of 0.00 beat Hut 8's score of -0.02 indicating that Sprott is being referred to more favorably in the news media.

Company Overall Sentiment
Hut 8 Neutral
Sprott Neutral

Sprott has a consensus target price of C$211.00, suggesting a potential upside of 31.55%. Given Sprott's higher probable 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)
2 Strong Buy rating(s)
3.67
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

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 1.474419, indicating that its stock price is 47% more volatile than the broader market.

Summary

Sprott 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$18.92BC$1.69BC$6.06BC$12.15B
Dividend YieldN/A6.21%5.25%6.19%
P/E Ratio-59.579.9729.2835.84
Price / Sales66.53227.361,098.1810.12
Price / Cash7.8611.8848.6082.29
Price / Book11.033.366.544.45
Net IncomeC$193.22MC$142.57MC$1.13BC$299.09M
7 Day Performance-1.94%-3.38%0.13%-0.08%
1 Month Performance-2.55%8.35%0.01%-2.43%
1 Year Performance562.20%73.20%17.62%36.78%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
0.6243 of 5 stars
C$168.00
-3.5%
N/A+594.5%C$18.92BC$284.32MN/A219
FFH
Fairfax Financial
3.0602 of 5 stars
C$2,250.14
+0.7%
C$2,793.50
+24.1%
-4.4%C$46.41BC$29.34B11.1319,300
KEY
Keyera
1.8334 of 5 stars
C$57.77
+1.5%
C$60.64
+5.0%
+30.6%C$16.30BC$6.39B73.1317,500
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$42.55
+0.2%
N/A+46.7%C$6.05BN/AN/A206,500
BITF
Bitfarms
N/AC$8.24
flat
N/A+700.0%C$4.97BC$229.28MN/A110

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This page (TSE:HUT) was last updated on 6/30/2026 by MarketBeat.com Staff.
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