(HIVE) HIVE Digital Technologies - Overview
Sector: Financial Services | Industry: Capital Markets | Exchange: NASDAQ (USA) | Market Cap: 977m USD | Total Return: 102.5% in 12m
Avg Turnover: 41.9M
Qual. Beats: -1
Rev. Trend: 83.3%
Qual. Beats: 0
Warnings
Share dilution 81.7% YoY
Tailwinds
Leader
HIVE Digital Technologies Ltd. operates data centers in Bermuda and Paraguay, focusing on digital currency mining and high-performance computing hosting. The company provides essential infrastructure and computational capacity to distributed blockchain networks. In July 2023, the firm rebranded from HIVE Blockchain Technologies to reflect a broader strategic shift toward diversified digital infrastructure.
The business model relies on utilizing green energy sources to power intensive hardware arrays, reducing the carbon footprint associated with proof-of-work validation. This sector is increasingly characterized by the dual application of hardware for both cryptocurrency mining and artificial intelligence workloads, as companies seek to maximize the utility of their existing GPU and ASIC fleets.
To better understand the companys valuation metrics relative to its peers, you may find it useful to review the detailed data on ValueRay.
- Bitcoin price volatility directly dictates mining revenue and digital asset valuations
- Expansion into AI high-performance computing hosting diversifies revenue beyond crypto mining
- Global electricity price fluctuations impact operational margins for green energy data centers
- Bitcoin halving events reduce block rewards and increase network difficulty pressure
- Regulatory shifts in Paraguay and Bermuda affect data center expansion and taxation
| Net Income: -72.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA 16.31 > 1.0 |
| NWC/Revenue: 15.00% < 20% (prev 231.8%; Δ -216.8% < -1%) |
| CFO/TA 0.14 > 3% & CFO 85.8m > Net Income -72.0m |
| Net Debt (-3.81m) to EBITDA (87.8m): -0.04 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (239.0m) vs 12m ago 81.74% < -2% |
| Gross Margin: 22.78% > 18% (prev 0.26%; Δ 2.25k% > 0.5%) |
| Asset Turnover: 46.64% > 50% (prev 25.28%; Δ 21.36% > 0%) |
| Interest Coverage Ratio: -37.43 > 6 (EBITDA TTM 87.8m / Interest Expense TTM 1.18m) |
| A: 0.06 (Total Current Assets 90.9m - Total Current Liabilities 52.3m) / Total Assets 624.0m |
| B: -0.55 (Retained Earnings -346.0m / Total Assets 624.0m) |
| C: -0.08 (EBIT TTM -44.2m / Avg Total Assets 551.3m) |
| D: -5.22 (Book Value of Equity -337.8m / Total Liabilities 64.7m) |
| Altman-Z'' = -7.42 = D |
| DSRI: 0.78 (Receivables 14.8m/8.91m, Revenue 257.1m/121.0m) |
| GMI: 1.14 (GM 22.78% / 25.92%) |
| AQI: 0.87 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 2.13 (Revenue 257.1m / 121.0m) |
| TATA: -0.25 (NI -72.0m - CFO 85.8m) / TA 624.0m) |
| Beneish M = -2.61 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 3.85 with a total of 42,034,283 shares traded.
Over the past week, the price has changed by +51.30%,
over one month by +56.54%,
over three months by +92.89% and
over the past year by +102.49%.
HIVE Digital Technologies has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy HIVE.
- StrongBuy: 5
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5.8 | 50.6% |
P/S = 3.8005
P/B = 1.7525
Revenue TTM = 257.1m USD
EBIT TTM = -44.2m USD
EBITDA TTM = 87.8m USD
Long Term Debt = 9.83m USD (from longTermDebt, last quarter)
Short Term Debt = 6.50m USD (from shortTermDebt, last quarter)
Debt = 22.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 4.30m
Net Debt = -3.81m USD (calculated: Debt 22.4m - CCE 26.2m)
Enterprise Value = 973.4m USD (977.2m + Debt 22.4m - CCE 26.2m)
Interest Coverage Ratio = -37.43 (Ebit TTM -44.2m / Interest Expense TTM 1.18m)
EV/FCF = -8.49x (Enterprise Value 973.4m / FCF TTM -114.6m)
FCF Yield = -11.77% (FCF TTM -114.6m / Enterprise Value 973.4m)
FCF Margin = -44.57% (FCF TTM -114.6m / Revenue TTM 257.1m)
Net Margin = -27.99% (Net Income TTM -72.0m / Revenue TTM 257.1m)
Gross Margin = 22.78% ((Revenue TTM 257.1m - Cost of Revenue TTM 198.6m) / Revenue TTM)
Gross Margin QoQ = 34.52% (prev 4.71%)
Tobins Q-Ratio = 1.56 (Enterprise Value 973.4m / Total Assets 624.0m)
Interest Expense / Debt = 5.27% (Interest Expense 1.18m / Debt 22.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = -34.9m (EBIT -44.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.74 (Total Current Assets 90.9m / Total Current Liabilities 52.3m)
Debt / Equity = 0.04 (Debt 22.4m / totalStockholderEquity, last quarter 559.3m)
Debt / EBITDA = -0.04 (Net Debt -3.81m / EBITDA 87.8m)
Debt / FCF = 0.03 (negative FCF - burning cash) (Net Debt -3.81m / FCF TTM -114.6m)
Total Stockholder Equity = 548.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -13.05% (Net Income -72.0m / Total Assets 624.0m)
RoE = -8.05% (Net Income TTM -72.0m / Total Stockholder Equity 894.4m)
RoCE = -4.88% (EBIT -44.2m / Capital Employed (Equity 894.4m + L.T.Debt 9.83m))
RoIC = -6.30% (negative operating profit) (NOPAT -34.9m / Invested Capital 554.2m)
WACC = 17.56% (E(977.2m)/V(999.6m) * Re(17.87%) + D(22.4m)/V(999.6m) * Rd(5.27%) * (1-Tc(0.21)))
Discount Rate = 17.87% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 58.29%
[DCF] Fair Price = unknown (Cash Flow -114.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.97 | # QB: -1
Revenue Correlation: 83.29 | Revenue CAGR: 35.17% | SUE: -0.60 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.15 | Chg30d=+13.49% | Revisions=-20% | Analysts=5
[Analyst] Revisions Ratio: -20%