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Hut 8 (HUT) Competitors

Hut 8 logo
$23.46 +2.09 (+9.76%)
As of 03:27 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

HUT vs. BITF, BTBT, CLSK, COIN, HIVE, IREN, MARA, MSTR, RIOT, and SSB

Should you be buying Hut 8 stock or one of its competitors? The main competitors of Hut 8 include Bitfarms (BITF), Bit Digital (BTBT), Cleanspark (CLSK), Coinbase Global (COIN), HIVE Digital Technologies (HIVE), IREN (IREN), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), and SouthState (SSB).

Hut 8 vs. Its Competitors

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

Bitfarms currently has a consensus target price of $3.95, suggesting a potential upside of 207.39%. Hut 8 has a consensus target price of $26.94, suggesting a potential upside of 16.10%. Given Bitfarms' higher probable upside, equities analysts plainly believe Bitfarms is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00
Hut 8
0 Sell rating(s)
0 Hold rating(s)
15 Buy rating(s)
4 Strong Buy rating(s)
3.21

Hut 8 has lower revenue, but higher earnings than Bitfarms.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$192.88M3.71-$94.78M-$0.17-7.56
Hut 8$162.38M15.08$331.88MN/AN/A

In the previous week, Bitfarms had 16 more articles in the media than Hut 8. MarketBeat recorded 22 mentions for Bitfarms and 6 mentions for Hut 8. Bitfarms' average media sentiment score of 0.89 beat Hut 8's score of 0.82 indicating that Bitfarms is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
8 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Positive
Hut 8
3 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Hut 8 has a net margin of 112.81% compared to Bitfarms' net margin of -35.09%. Hut 8's return on equity of 8.73% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-35.09% -9.86% -8.44%
Hut 8 112.81%8.73%5.72%

Bitfarms has a beta of 3.5, suggesting that its share price is 250% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 4.32, suggesting that its share price is 332% more volatile than the S&P 500.

20.6% of Bitfarms shares are held by institutional investors. Comparatively, 31.8% of Hut 8 shares are held by institutional investors. 9.5% of Bitfarms shares are held by company insiders. Comparatively, 11.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Hut 8 beats Bitfarms on 11 of the 15 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 NASDAQ 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 8FIN IndustryFinance SectorNASDAQ Exchange
Market Cap$2.45B$7.83B$12.64B$9.75B
Dividend YieldN/A4.80%5.52%4.09%
P/E RatioN/A17.7119.3525.96
Price / Sales15.087.0826.99120.82
Price / Cash20.5724.3021.7858.38
Price / Book1.764.702.356.37
Net Income$331.88M$311.02M$1.01B$265.56M
7 Day Performance-0.49%1.19%1.64%1.79%
1 Month Performance8.44%-1.26%1.45%1.13%
1 Year Performance102.67%32.40%542.79%21.04%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
2.0541 of 5 stars
$23.46
+9.8%
$26.94
+14.9%
+75.3%$2.46B$162.38M0.00219Analyst Forecast
BITF
Bitfarms
2.275 of 5 stars
$1.38
+9.5%
$3.95
+186.2%
-48.3%$769.42M$192.88M-8.12110Gap Down
High Trading Volume
BTBT
Bit Digital
2.905 of 5 stars
$2.94
-2.3%
$6.33
+115.4%
-27.3%$940.68M$108.05M-9.4810Trending News
Analyst Revision
CLSK
Cleanspark
4.5122 of 5 stars
$9.84
+0.9%
$20.47
+108.1%
-24.8%$2.77B$378.97M11.58130
COIN
Coinbase Global
4.0296 of 5 stars
$320.73
+1.0%
$352.72
+10.0%
+45.6%$82.41B$6.56B31.023,772Trending News
Analyst Revision
HIVE
HIVE Digital Technologies
2.9661 of 5 stars
$2.37
+6.8%
$6.67
+181.3%
-29.6%$543.54M$115.28M-11.8520News Coverage
Analyst Forecast
Analyst Revision
Gap Down
IREN
IREN
2.3233 of 5 stars
$20.70
+5.1%
$20.89
+0.9%
+125.7%$3.89B$188.76M0.00100Upcoming Earnings
MARA
Marathon Digital
3.7707 of 5 stars
$16.09
+2.7%
$24.22
+50.5%
-12.0%$5.96B$656.38M14.509Insider Trade
Short Interest ↑
MSTR
MicroStrategy
4.8183 of 5 stars
$363.60
-0.7%
$552.50
+52.0%
+138.7%$103.10B$463.46M32.011,534Trending News
RIOT
Riot Platforms
3.2685 of 5 stars
$12.32
+8.7%
$17.33
+40.6%
+46.9%$4.55B$376.66M-28.65340
SSB
SouthState
2.0072 of 5 stars
$95.95
+0.6%
N/AN/A$9.71B$2.12B14.304,986Positive News

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This page (NASDAQ:HUT) was last updated on 8/22/2025 by MarketBeat.com Staff
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