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Hut 8 (HUT) Competitors

Hut 8 logo
$32.44 +0.48 (+1.50%)
Closing price 09/12/2025 04:00 PM Eastern
Extended Trading
$32.34 -0.10 (-0.31%)
As of 09/12/2025 07:56 PM Eastern
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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), Strategy (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 compare the two companies based on the strength of their earnings, analyst recommendations, institutional ownership, risk, media sentiment, valuation, dividends and profitability.

Bitfarms currently has a consensus price target of $3.95, suggesting a potential upside of 77.13%. Hut 8 has a consensus price target of $27.82, suggesting a potential downside of 14.23%. Given Bitfarms' higher probable upside, equities analysts clearly 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

In the previous week, Hut 8 had 6 more articles in the media than Bitfarms. MarketBeat recorded 17 mentions for Hut 8 and 11 mentions for Bitfarms. Hut 8's average media sentiment score of 1.11 beat Bitfarms' score of 0.71 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Bitfarms
4 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
9 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Bitfarms has a beta of 3.5, suggesting that its stock price is 250% more volatile than the S&P 500. Comparatively, Hut 8 has a beta of 4.33, suggesting that its stock price is 333% more volatile than the S&P 500.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Bitfarms$192.88M6.43-$94.55M-$0.17-13.12
Hut 8$162.38M21.08$331.88MN/AN/A

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%

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 large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Hut 8 beats Bitfarms on 13 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$3.37B$8.01B$12.79B$10.14B
Dividend YieldN/A4.67%5.40%4.60%
P/E RatioN/A17.25245.8625.98
Price / Sales21.087.0531.04180.52
Price / Cash29.4726.8722.3660.44
Price / Book3.293.032.316.29
Net Income$331.88M$313.53M$1.01B$271.07M
7 Day Performance27.82%7.60%1.00%3.87%
1 Month Performance36.30%5.75%2.74%5.49%
1 Year Performance188.61%32.99%543.82%25.86%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.8615 of 5 stars
$32.44
+1.5%
$27.82
-14.2%
+188.6%$3.37B$162.38M0.00219News Coverage
Positive News
Analyst Forecast
BITF
Bitfarms
2.2361 of 5 stars
$1.29
+3.2%
$3.95
+206.2%
+9.3%$717.44M$245.66M-7.59110News Coverage
Analyst Upgrade
Options Volume
Gap Up
BTBT
Bit Digital
3.2511 of 5 stars
$2.51
+1.2%
$6.33
+152.3%
+3.5%$806.79M$108.05M-8.1010Positive News
CLSK
Cleanspark
4.2549 of 5 stars
$9.24
+1.8%
$20.47
+121.6%
+10.3%$2.60B$378.97M10.87130News Coverage
Insider Trade
Analyst Revision
COIN
Coinbase Global
3.7748 of 5 stars
$299.07
-2.5%
$352.72
+17.9%
+98.1%$76.84B$7.01B28.923,772Trending News
HIVE
HIVE Digital Technologies
2.7202 of 5 stars
$2.66
-1.8%
$6.93
+160.5%
+23.7%$612.55M$128.65M-13.3020Options Volume
Gap Up
IREN
IREN
3.2707 of 5 stars
$26.15
+0.1%
$30.44
+16.4%
+349.2%$4.91B$501.02M44.32100Trending News
Analyst Forecast
Insider Trade
MARA
Marathon Digital
3.739 of 5 stars
$15.19
+0.5%
$24.50
+61.3%
+1.2%$5.63B$656.38M13.689Insider Trade
MSTR
Strategy
4.6652 of 5 stars
$335.91
+2.5%
$552.50
+64.5%
+134.3%$95.25B$463.46M29.571,534Trending News
RIOT
Riot Platforms
1.5791 of 5 stars
$13.29
+1.0%
$17.33
+30.4%
+120.7%$4.91B$376.66M-30.91340Insider Trade
Options Volume
SSB
SouthState
1.5092 of 5 stars
$103.02
-0.5%
N/AN/A$10.43B$2.44B15.354,986

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This page (NASDAQ:HUT) was last updated on 9/14/2025 by MarketBeat.com Staff
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