HIVE Stock Analysis: HIVE Digital Technologies | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 706m USD | 12M Return: 29.5% | CA4339211035 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.3M
Qual. Beats: 0
Rev. Trend: 90.7%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) is a technology company that builds and operates data centers powered by green energy, with operations in Bermuda and Paraguay. Its business spans digital currency mining, performance computing hosting, and the provision of computational capacity to distributed blockchain networks. The company was incorporated in 1987 and is headquartered in San Antonio, Texas, having rebranded from HIVE Blockchain Technologies Ltd. in July 2023.
Operating as a vertically integrated crypto miner, HIVE combines self-developed infrastructure with renewable energy sources, a model increasingly adopted by public miners to reduce power costs and ESG exposure. Its dual focus on digital asset mining and high-performance computing hosting allows the firm to repurpose capacity for non-mining workloads when mining economics weaken.
- Bitcoin price swings directly drive mining revenue and margins
- Green energy costs in Paraguay and Bermuda impact profitability
- AI compute hosting pivot diversifies revenue beyond Bitcoin mining
| Net Income: -148.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA 11.78 > 1.0 |
| NWC/Revenue: 1.82% < 20% (prev 155.6%; Δ -153.8% < -1%) |
| CFO/TA 0.10 > 3% & CFO 62.3m > Net Income -148.4m |
| Net Debt (81.8m) to EBITDA (27.2m): 3.01 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (225.4m) vs 12m ago 46.58% < -2% |
| Gross Margin: -21.00% > 18% (prev 21.17%; Δ -42.16% > 0.5%) |
| Asset Turnover: 50.87% > 50% (prev 21.69%; Δ 29.19% > 0%) |
| Interest Coverage Ratio: -88.16 > 6 (EBIT TTM -143.3m / Interest Expense TTM 1.62m) |
| A: 0.01 (Total Current Assets 59.8m - Total Current Liabilities 54.4m) / Total Assets 639.1m |
| B: -0.66 (Retained Earnings -422.3m / Total Assets 639.1m) |
| C: -0.24 (EBIT TTM -143.3m / Avg Total Assets 585.4m) |
| D: 4.82 (Book Value of Equity 529.4m / Total Liabilities 109.8m) |
| Altman-Z'' = 1.32 = BB |
| DSRI: 0.39 (Receivables 15.6m/15.3m, Revenue 297.8m/115.3m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.06 (AQ_t 0.15 / AQ_t-1 0.15) |
| SGI: 2.58 (Revenue 297.8m / 115.3m) |
| TATA: -0.33 (NI -148.4m - CFO 62.3m) / TA 639.1m) |
| Beneish M = -2.39 (Cap -4..+1) = BBB |
As of August 18, 2026, the stock is trading at USD 3.07 with a total of 61,329,074 shares traded. Over the past week, the price has changed by +18.08%, over one month by +7.72%, over three months by -11.27% and over the past year by +29.54%.
Current recommended Stop Loss: 2.40 (which is 21.8% or 2.8 ATR below the current price).
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 | 7.1 | 130% |
P/E Forward = 62.8931
P/S = 2.3707
P/B = 1.3466
Revenue TTM = 297.8m USD
EBIT TTM = -143.3m USD
EBITDA TTM = 27.2m USD
Long Term Debt = 23.8m USD (from longTermDebt, last quarter)
Short Term Debt = 16.0m USD (from shortTermDebt, last quarter)
Debt = 114.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 43.6m
Net Debt = 81.8m USD (calculated: Debt 114.6m - CCE 32.9m)
Enterprise Value = 787.8m USD (706.0m + Debt 114.6m - CCE 32.9m)
Interest Coverage Ratio = -88.16 (Ebit TTM -143.3m / Interest Expense TTM 1.62m)
EV/FCF = -6.79x (Enterprise Value 787.8m / FCF TTM -116.1m)
FCF Yield = -14.74% (FCF TTM -116.1m / Enterprise Value 787.8m)
FCF Margin = -38.98% (FCF TTM -116.1m / Revenue TTM 297.8m)
Net Margin = -49.85% (Net Income TTM -148.4m / Revenue TTM 297.8m)
Gross Margin = -21.00% ((Revenue TTM 297.8m - Cost of Revenue TTM 360.3m) / Revenue TTM)
Gross Margin QoQ = -159.6% (prev 34.52%)
Tobins Q-Ratio = 1.23 (Enterprise Value 787.8m / Total Assets 639.1m)
Interest Expense / Debt = 1.42% (Interest Expense 1.62m / Debt 114.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -113.2m (EBIT -143.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.10 (Total Current Assets 59.8m / Total Current Liabilities 54.4m)
Debt / Equity = 0.22 (Debt 114.6m / totalStockholderEquity, last quarter 529.4m)
Debt / EBITDA = 3.01 (Net Debt 81.8m / EBITDA 27.2m)
Debt / FCF = -0.70 (negative FCF - burning cash) (Net Debt 81.8m / FCF TTM -116.1m)
Total Stockholder Equity = 568.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -25.36% (Net Income -148.4m / Total Assets 639.1m)
RoE = -26.12% (Net Income TTM -148.4m / Total Stockholder Equity 568.4m)
RoCE = -24.19% (EBIT -143.3m / Capital Employed (Equity 568.4m + L.T.Debt 23.8m))
RoIC = -19.32% (negative operating profit) (NOPAT -113.2m / Invested Capital 585.8m)
WACC = 16.01% (E(706.0m)/V(820.6m) * Re(18.43%) + D(114.6m)/V(820.6m) * Rd(1.42%) * (1-Tc(0.21)))
Discount Rate = 18.43% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 96.59 | Cagr: 51.71%
[DCF] Fair Price = unknown (Cash Flow -116.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.78 | # QB: 0
Revenue Correlation: 90.74 | Revenue CAGR: 51.32% | SUE: -4.0 | # QB: -1
EPS current Quarter (2026-09-30): EPS=-0.11 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2027-03-31): EPS=-0.17 | Chg30d=-288.89% | Revisions=+0% | GrowthEPS=+62.7% | GrowthRev=+31.1%
EPS next Year (2028-03-31): EPS=0.01 | Chg30d=-93.75% | Revisions=+0% | GrowthEPS=+108.8% | GrowthRev=+27.8%
[Analyst] Revisions Ratio: +0% (up=0, down=0)