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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 better business? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, media sentiment, earnings, institutional ownership, risk, profitability and valuation.

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%

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

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

Dayforce has a beta of 0.993443, indicating that its share price is 1% 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.

60.3% of Dayforce shares are owned by institutional investors. Comparatively, 39.8% of Hut 8 shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

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

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

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%

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

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

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

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

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?

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

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 news media.

Company Overall Sentiment
Topicus.com Neutral
Hut 8 Neutral

Topicus.com presently has a consensus price target of C$143.75, indicating a potential upside of 40.01%. Given Topicus.com's higher probable upside, equities research analysts plainly believe Topicus.com is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Topicus.com
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
Hut 8
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
5 Strong Buy rating(s)
3.83

Hut 8 has lower revenue, but higher earnings 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
Topicus.comC$1.70B5.05C$35.08MC$0.42244.45
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A

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

21.0% of Topicus.com shares are owned by institutional investors. Comparatively, 39.8% 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 large money managers, hedge funds and endowments believe a company is poised for long-term growth.

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
Topicus.comN/A N/A N/A
Hut 8 -188.53%-39.50%-4.25%

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 compare the two companies based on the strength of their analyst recommendations, risk, earnings, profitability, institutional ownership, media sentiment, valuation and dividends.

Open Text has a consensus target price of C$27.50, indicating a potential downside of 19.71%. Given Open Text's higher possible upside, analysts clearly 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

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 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

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

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

Summary

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

How does Hut 8 compare to Bitfarms?

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

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

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
Bitfarms-234.21% -74.20% -10.66%
Hut 8 -188.53%-39.50%-4.25%

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 news media.

Company Overall Sentiment
Bitfarms Neutral
Hut 8 Neutral

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
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)
5 Strong Buy rating(s)
3.83

11.7% of Bitfarms shares are held by institutional investors. Comparatively, 39.8% of Hut 8 shares are held by institutional investors. 23.4% of Bitfarms 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 hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

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
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A
Hut 8C$317.95M42.99C$193.22M-C$5.40N/A

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$12.52B
Dividend YieldN/A3.40%2.73%6.24%
P/E Ratio-22.48139.9075.8639.47
Price / Sales42.991,282.83588.029.82
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
1.3216 of 5 stars
C$121.41
+8.7%
N/A+195.8%C$13.67BC$317.95MN/A219
DAY
Dayforce
0.0857 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
0.7763 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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