Free Trial

Hut 8 (HUT) Competitors

Hut 8 logo
$19.78 -1.45 (-6.83%)
Closing price 08/1/2025 04:00 PM Eastern
Extended Trading
$19.80 +0.02 (+0.08%)
As of 08/1/2025 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

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

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 Upstart (UPST).

Hut 8 vs. Its Competitors

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

In the previous week, Bitfarms had 1 more articles in the media than Hut 8. MarketBeat recorded 3 mentions for Bitfarms and 2 mentions for Hut 8. Hut 8's average media sentiment score of 0.58 beat Bitfarms' 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
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bitfarms
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Hut 8 has higher revenue and earnings than Bitfarms.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8$254.83M8.09$331.88MN/AN/A
Bitfarms$209.41M3.09-$105.93M-$0.19-6.11

Hut 8 has a beta of 4.32, indicating that its share price is 332% more volatile than the S&P 500. Comparatively, Bitfarms has a beta of 3.45, indicating that its share price is 245% more volatile than the S&P 500.

Hut 8 has a net margin of -39.92% compared to Bitfarms' net margin of -40.09%. Hut 8's return on equity of 13.00% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-39.92% 13.00% 8.25%
Bitfarms -40.09%-12.70%-11.18%

Hut 8 currently has a consensus price target of $26.12, suggesting a potential upside of 32.04%. Bitfarms has a consensus price target of $3.95, suggesting a potential upside of 240.52%. Given Bitfarms' higher possible upside, analysts clearly believe Bitfarms 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)
15 Buy rating(s)
4 Strong Buy rating(s)
3.21
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
3.00

31.8% of Hut 8 shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 11.2% of Hut 8 shares are owned by insiders. Comparatively, 9.5% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Summary

Hut 8 beats Bitfarms on 13 of the 15 factors compared between the two stocks.

Get Hut 8 News Delivered to You Automatically

Sign up to receive the latest news and ratings for HUT and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart

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.
Skip Chart

HUT vs. The Competition

MetricHut 8FIN IndustryFinance SectorNASDAQ Exchange
Market Cap$2.21B$7.74B$12.04B$9.51B
Dividend YieldN/A4.90%5.62%4.09%
P/E RatioN/A18.8819.7423.80
Price / Sales8.094.8525.9266.58
Price / Cash19.5820.9821.3357.96
Price / Book2.012.532.095.55
Net Income$331.88M$311.63M$1.00B$259.03M
7 Day Performance-2.94%-6.81%-2.46%-4.59%
1 Month Performance-6.17%4.96%-0.96%4.46%
1 Year Performance59.52%28.18%537.06%18.03%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
3.4027 of 5 stars
$19.78
-6.8%
$26.12
+32.0%
+42.3%$2.21B$254.83M0.00219Upcoming Earnings
Gap Up
BITF
Bitfarms
2.1942 of 5 stars
$1.28
+4.1%
$3.95
+208.6%
-52.8%$713.66M$192.88M-6.74110Gap Down
BTBT
Bit Digital
3.1263 of 5 stars
$3.00
-4.8%
$6.33
+111.1%
-20.5%$892.74M$108.05M-6.3810Options Volume
Gap Down
CLSK
Cleanspark
4.2514 of 5 stars
$12.03
+1.8%
$20.69
+72.0%
-30.8%$3.38B$378.97M-12.53130Upcoming Earnings
Analyst Upgrade
Gap Down
COIN
Coinbase Global
3.2355 of 5 stars
$379.49
-3.1%
$320.06
-15.7%
+48.0%$96.34B$6.56B71.073,772Trending News
Earnings Report
Analyst Forecast
Analyst Revision
Gap Down
HIVE
HIVE Digital Technologies
2.6509 of 5 stars
$2.22
-2.2%
$6.67
+200.3%
-39.8%$501.30M$115.28M-6.1720
IREN
IREN
4.1374 of 5 stars
$16.58
-6.4%
$20.89
+26.0%
+65.8%$3.11B$188.76M0.00100
MARA
Marathon Digital
4.1052 of 5 stars
$17.16
-0.5%
$24.56
+43.1%
-14.6%$6.04B$705.06M-11.839Analyst Forecast
Analyst Revision
Gap Down
MSTR
MicroStrategy
4.3981 of 5 stars
$403.80
-0.5%
$531.17
+31.5%
+142.5%$110.40B$459.28M-18.511,534Trending News
Earnings Report
Analyst Forecast
Insider Trade
Gap Down
RIOT
Riot Platforms
2.1673 of 5 stars
$14.51
-0.2%
$17.39
+19.8%
+18.3%$5.18B$376.66M-10.99340Trending News
Earnings Report
Analyst Upgrade
Options Volume
Gap Down
UPST
Upstart
3.1476 of 5 stars
$82.30
-1.5%
$71.62
-13.0%
+211.9%$7.83B$636.53M-109.731,193News Coverage
Upcoming Earnings
Gap Down

Related Companies and Tools


This page (NASDAQ:HUT) was last updated on 8/2/2025 by MarketBeat.com Staff
From Our Partners