SAIH vs HUT Stock Comparison

Saiheat and Hut 8 Prices as of Oct 26, 2026 Peers: Industry group
SAIH SAIHEAT Ltd
$29.32 -3.1% 1M +257.6% 1Y
Market cap
$50.94M
P/E
–
Revenue (TTM)
—
Div. yield
–
Crypto Mining Technology
2 wins
HUT Hut 8 Corp.
$62.97 -35.0% 1M +32.1% 1Y
Market cap
$7.98B
P/E
–
Revenue (TTM)
$317.95M
Div. yield
–
Crypto Mining Technology
2 wins

Head to Head

4 decided of 12

Hut 8 leads on 2 of the 12 questions below (Hut 8 2, Saiheat 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSAIHHUTLeader
Larger companyMarket capitalisation $50.94M $7.98B HUT
Cheaper on earningsLower P/E, profitable companies only -8.3x -13.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months — +129.5% –
More profitableNet margin, trailing twelve months — -188.6% –
Better return on capitalReturn on invested capital — -13.6% –
Less leveragedLower net debt / EBITDA — -9.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +257.6% +32.1% SAIH
Better 5-year returnAnnualised price return, 5 years -27.7%/yr +0.9%/yr HUT
Less volatileAnnualised volatility, 1 year 87.6% 104.7% SAIH
Higher overall scoreMean of the five percentile scores vs peers — 30/100 –

Percentile Scorecard

SAIHHUT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSAIHHUT
Valuation 16 #83 of 99 29 #71 of 99
Growth – 48 #49 of 94
Profitability – 27 #66 of 90
Financial Health 63 #40 of 105 26 #78 of 105
Shareholder Returns – 22 #48 of 61
Overall – 30
  • SAIH ranked among 109 companies in Fintech
  • HUT ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSAIHHUTSPY
1 month -3.1%-35.0% -0.8%
3 months +73.8%-39.8% +3.5%
6 months +176.3%-16.8% +7.0%
Year to date +218.7%+37.1% +12.2%
1 year +257.6%+32.1% +13.0%
3 years +95.5%+494.1% +86.3%
3 years, per year +25.1%+81.2% +23.1%
5 years -80.2%+4.7% +68.6%
5 years, per year -27.7%+0.9% +11.0%

Risk

MeasureSAIHHUTSPY
Volatility, 1Y 87.6%104.7% 12.7%
Downside volatility, 1Y 90.3%106.2% 12.7%
Beta vs S&P 500, 1Y 1.164.48 1.00
Return / volatility, 1Y 2.940.31 1.02
Max drawdown, 5Y -97.8%-95.0% -25.4%
From 52-week high -7.5%-52.7% -1.8%
52-week high $31.70$133.02 $779.14
52-week low $5.93$33.76 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSAIHHUT
P/E now vs peer median -8.3xmedian 20.6x -12.4xmedian 20.6x
P/S now vs peer median 11.9xmedian 2.3x 24.4xmedian 2.3x
EV/EBITDA now vs peer median —median 15.4x -19.1xmedian 15.4x
P/FCF now vs peer median -7.1xmedian 16.4x -9.5xmedian 16.4x
P/B now vs peer median 3.9xmedian 1.9x 4.4xmedian 1.9x
PEG now vs peer median —median 1.05 —median 1.05

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSAIHHUT
Revenue – $317.95M
Gross profit – $198.18M
Operating income – -$938.90M
Net income – -$681.44M
Free cash flow – -$813.85M
EPS (diluted) – $-5.06
Cash & equivalents $202.00K $233.58M
Total debt $13.05M $7.64B
Shares (diluted) 1.84M 118.48M
Enterprise value $46.77M $7.51B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSAIHHUT
P/E -8.3x -12.4x
P/FCF -7.1x -9.5x
P/Operating cash flow – -86.7x
P/S 11.9x 24.4x
P/B 3.9x 4.4x
P/Tangible book 5.6x 4.4x
EV/EBITDA – -19.1x
EV/EBIT – -16.1x
EV/Revenue – 47.7x
EV/FCF – -18.6x
EV/Operating cash flow – -169.5x
PEG (3Y EPS CAGR) – –

Growth

14 metrics
MetricSAIHHUT
Revenue growth (1Y) – 129.5%
Revenue CAGR (3Y) – –
Gross profit growth (1Y) – 229.0%
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – -392.9%
Operating income CAGR (3Y) – –
Net income growth (1Y) – -536.7%
Net income CAGR (3Y) – –
EPS growth (1Y) – -485.4%
EPS CAGR (3Y) – –
Operating cash flow growth (1Y) – 17.6%
Operating cash flow CAGR (3Y) – –
Free cash flow growth (1Y) – -123.7%
Free cash flow CAGR (3Y) – –

Profitability

14 metrics
MetricSAIHHUT
Gross margin – 62.3%
EBITDA margin – -249.0%
Operating margin – -295.3%
Pretax margin – -258.2%
Net margin – -188.6%
FCF margin – -256.0%
Operating cash flow margin – -28.1%
Return on equity – -39.6%
Return on assets – -10.8%
Return on invested capital – -13.6%
Return on capital employed – -15.8%
Asset turnover – 0.1x
Cash conversion (OCF / net income) – 0.1x
Stock comp / revenue – 46.7%

Financial Health

11 metrics
MetricSAIHHUT
Debt / assets 42.8% 76.6%
Debt / equity 0.4x 4.4x
Net debt / EBITDA – -9.4x
Debt / FCF – -9.4x
Liabilities / assets -7.9% 82.4%
Equity / assets 107.9% 17.6%
Interest coverage – -12.6x
Current ratio 2.3x 19.3x
Quick ratio 4.6x 0.7x
Cash ratio 0.0x 0.6x
Altman Z-score – 1.04

Shareholder Returns

7 metrics
MetricSAIHHUT
Dividend yield – –
Net buyback yield – -4.3%
Shareholder yield – -4.3%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSAIHHUT

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSAIHHUT
Held by institutions – 78.5%
Institutions holding – 425
Change in shares held, QoQ – +11.7%
Institutions buying – 260
Institutions selling – 134
Buyers to sellers – 1.94

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SAIHHUT
SAIH 1.00 0.15
HUT 0.15 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, SAIH and HUT?

Hut 8 (HUT) is the largest by market capitalisation: Saiheat (SAIH) $50.94M, Hut 8 (HUT) $7.98B.

Which stock has performed better?

Over the past year Saiheat (SAIH) returned the most: Saiheat (SAIH) +257.6%, Hut 8 (HUT) +32.1%. Over five years, Hut 8 (HUT) compounded fastest (Saiheat (SAIH) -27.7%/yr, Hut 8 (HUT) +0.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Saiheat (SAIH) has been the steadiest (Saiheat (SAIH) 87.6%, Hut 8 (HUT) 104.7%). Volatility measures how widely the price swings, not the risk of the business.

Do SAIH and HUT move together?

Their daily returns over the past year have a correlation of 0.15, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, SAIH and HUT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hut 8 (HUT) leads on 2. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.