HIVE Digital Technologies Ltd (HIVE)
🔔 Watch stock
symbol.quality_heading
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Buying here is a bet on timing: whether the up to $493 million for AI data centers produces earnings faster than new shares and exchangeable notes divide the cake. Three numbers in the next quarterly report (10-Q) will measure it: the revenue share of high-performance computing (last reported at $19.5 million of $297.8 million), the share count (last reported at 270,437,030 as of June 16, 2026) and cash after the note proceeds (last reported at $23.1 million as of March 31, 2026). Until then HIVE is a construction site with a construction loan and no cushion — worth following, but without a safety net. The decision is yours.
symbol.quality_note
HIVE Digital Technologies has only carried that name since July 2023; before then the word "Blockchain" stood in it. The new name promises data centers and artificial intelligence — in the fiscal year ended March 31, 2026 that side delivered $19.5 million of $297.8 million in revenue, or 6.6 percent. The rest was mined by machines in Paraguay, Sweden and Canada. Revenue rose 158 percent, the net loss jumped from $3.0 million to $148.4 million, and shareholders paid for the growth: 88.7 million new shares in that fiscal year alone, plus $245 million of zero-coupon exchangeable notes in the spring of 2026. On Reddit the stock shows up with 2 mentions in 24 hours (as of July 25, 2026) — and the data feed still lists it under the old name. Not investment advice — just the arithmetic of who paid for this growth.
Read the analysis
Stock Watch
This analysis is as of July 25, 2026. Stock Watch will tell you what's changed at HIVE since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Appears in These Scanners
This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 2.80 $ — 19% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Sells AIHIVE verkauft KI-Rechenleistung als eigene Erlösquelle: Die Sparte Hochleistungsrechnen (HPC/KI) ist im Geschäftsbericht als zweiter Umsatzstrom ausgewiesen (19,5 Mio. US-Dollar im Geschäftsjahr bis 31.03.2026), und die Tochter BUZZ HPC hat am 13.02.2026 Kundenverträge über rund 30 Mio. US-Dollar Vertragsvolumen für KI-optimierte Nvidia-B200-Grafikkarten unterzeichnet.
View the full file — quotes, sources, reviewed filings
„On February 13, 2026, BUZZ signed customer agreements representing approximately $30 million in total contract value over two-year fixed terms for the 504 liquid-cooled Dell server-based Nvidia B200 GPUs at the Bell Canada AI Fabric data center in Manitoba."
Am 13. Februar 2026 unterzeichnete BUZZ Kundenverträge mit einem Gesamtvertragswert von rund 30 Millionen US-Dollar über feste Zweijahreslaufzeiten für die 504 flüssiggekühlten Nvidia-B200-Grafikkarten in Dell-Servern im Rechenzentrum Bell Canada AI Fabric in Manitoba.
„For the fiscal year ended March 31, 2026 the Company achieved revenues from its HPC hosting operations of approximately $19.5 million, against operating and maintenance costs approximately $8.7 million."
Im Geschäftsjahr zum 31. März 2026 erzielte das Unternehmen Erlöse aus dem Betrieb seiner Rechenzentren für Hochleistungsrechnen von rund 19,5 Millionen US-Dollar, denen Betriebs- und Wartungskosten von rund 8,7 Millionen US-Dollar gegenüberstanden.
„HIVE's dual-engine strategy combines revenue-generating ASIC hashrate sales as a cash-flow and infrastructure base to support the growth of higher-margin AI and high-performance computing (HPC) services primarily undertaken by the Company through BUZZ HPC."
Die Zwei-Motoren-Strategie von HIVE verbindet den umsatzbringenden Verkauf von ASIC-Rechenleistung als Zahlungsmittel- und Infrastrukturbasis mit dem Wachstum margenstärkerer Dienste für künstliche Intelligenz und Hochleistungsrechnen, die das Unternehmen vor allem über BUZZ HPC erbringt.
Filings Reviewed: 10-K 2026-06-02 · 8-K 2026-06-22 · 8-K 2026-07-01 · 8-K 2026-04-22 · 8-K 2026-05-19 · POSASR 2026-06-17
Rated on July 25, 2026 · How the Rating Is Built
Analysts & Price Target
The price target sits 152.1% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 8
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 03/31/2027 | -0.17 | -0.43 – 0.09 | 390 | 62.7% | 2 |
| 03/31/2028 | 0.02 | -0.21 – 0.24 | 499 | 108.8% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.20 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q2 | 0.03 | 115.80 | 32 | 36.80 | -56.70 | -4 | -18 |
| 2024: Q3 | -0.06 | 79.30 | 23 | -0.50 | -33.80 | -2 | -22 |
| 2024: Q4 | 0.01 | 112.50 | 29 | -6.50 | 4.30 | -19 | -90 |
| 2025: Q1 | -0.34 | -3,300.00 | 31 | -15.50 | 0.50 | 40 | -30 |
| 2025: Q2 | 0.18 | 500.00 | 46 | 41.50 | 76.80 | 10 | -37 |
| 2025: Q3 | -0.07 | -16.70 | 87 | 285.30 | -18.10 | -11 | -48 |
| 2025: Q4 | -0.38 | -3,900.00 | 93 | 218.60 | -98.10 | 46 | -9 |
| 2026: Q1 | -0.28 | 17.60 | 72 | 130.50 | -106.30 | 17 | -22 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 170 | 0 | -1 | -0.06 | 0 | -2 | 0 |
| 2018 | 13 | 1 | -26 | -0.69 | -25 | 151 | 161 |
| 2019 | 32 | 1 | -138 | -2.19 | -2 | 22 | 28 |
| 2020 | 29 | 3 | -2 | -0.03 | 1 | 21 | 29 |
| 2021 | 68 | 44 | 24 | 0.33 | 23 | 134 | 178 |
| 2022 | 211 | 146 | 80 | 0.94 | 66 | 388 | 451 |
| 2023 | 106 | 29 | -236 | -2.85 | 45 | 149 | 196 |
| 2024 | 114 | 33 | 27 | 0.29 | 14 | 259 | 307 |
| 2025 | 115 | 2 | -3 | -0.02 | 17 | 449 | 532 |
| 2026 | 298 | -120 | -148 | -0.66 | 62 | 529 | 639 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
The growth is physical and verifiable: $297.8 million of revenue in the fiscal year ended March 31, 2026 against $115.3 million, 2,885 bitcoin mined against 1,414, and roughly 25.2 exahashes per second installed as of April 30, 2026 after the 300-megawatt expansion in Paraguay was completed. Cash from operations rose from $16.6 million to $62.3 million.
A record year produced a record loss: $148.4 million against $3.0 million. Depreciation on the machines ($170.4 million) exceeds the entire gross operating margin ($107.9 million); the gross margin under U.S. accounting rules is minus 21 percent. The machines wear out faster than they bring in.
The share count rose from 84.2 million (March 31, 2023) to 270.4 million (June 16, 2026); in fiscal 2026 alone 88.7 million shares were added for $202.0 million. A further $214.7 million of selling capacity is open (as of June 17, 2026) plus up to 71.7 million shares from the two exchangeable notes. Revenue per share, at $1.32, sits just five cents above the fiscal 2024 level.
The cushion is spent: $23.1 million of cash, 150 bitcoin (down from 2,201) and working capital of $5.4 million against $175.8 million a year earlier, all as of March 31, 2026. Against that stands an AI investment plan of up to $493 million over 36 months, of which $38 million has been spent. The $245 million from the zero-coupon notes of April and June 2026 buys room, but the anti-dilution hedge cost $35.5 million in cash.
The name promises AI; the income statement delivers $19.5 million of $297.8 million in revenue — 6.6 percent in the fiscal year ended March 31, 2026, though nearly double the prior year. Customer agreements worth roughly $30 million on fixed two-year terms (February 13, 2026) are a first hard anchor; the agreement with Bell Canada and Cohere (June 18, 2026) and the letter of intent for 25 megawatts in Boden (June 25, 2026) are genuine steps but not yet revenue — the Boden agreement is explicitly non-binding.
Roughly $865 million of market value (270.4 million shares × $3.20, Form 4 insider report of July 16, 2026) equals 2.9 times annual revenue and 1.6 times the net tangible book value of $2.00 per share (March 31, 2026). No bargain for a loss-making company, but no excess either — eight analysts see a mean of $7.07 (data as of July 24, 2026).
HIVE Digital Technologies is the signboard trap in pure form: the name has promised data centers and artificial intelligence since July 2023, while the revenue split for the fiscal year ended March 31, 2026 reads 93.4 percent bitcoin mining and 6.6 percent high-performance computing. The growth is real — $297.8 million of revenue instead of $115.3 million — but shareholders paid for it: 88.7 million new shares in one fiscal year, a piggy bank emptied from 2,201 bitcoin to 150, and working capital of only $5.4 million. The $245 million from two zero-coupon exchangeable notes buys time and brings up to 71.7 million further shares with it. Not investment advice.
- HIVE landed on the research list through our in-house Reddit hype scanner (2 mentions in 24 hours, first captured on July 25, 2026 at 07:00). The data feed still carried the company under the former name "HIVE Blockchain Technologies," dropped on July 12, 2023 — a reminder of how slowly data sources catch up with renamings.
- Data basis and evidence chain: all annual figures come from the Form 10-K filed June 2, 2026 for the fiscal year ended March 31, 2026 — the first annual report HIVE filed as a U.S. domestic filer. Share count, open dilution and valuation anchors come from the filings that followed (prospectus supplement of June 17, 2026, Forms 8-K of April 22 and July 1, 2026, Form 4 of July 16, 2026). No quarterly report (10-Q) for the quarter ended June 30, 2026 was on file as of July 25, 2026.
- Handle the time series with care: through fiscal 2024 HIVE reported under IFRS as a Canadian filer on Forms 40-F and 6-K; U.S. GAAP has applied since fiscal 2025. The 2024 and 2025 comparatives in the current report are restated accordingly, older publications are not. Not to be confused: HIVE Digital Technologies is unrelated to the similarly named software vendor or to the "Hive" blockchain project.
About the Company
HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Bermuda, Paraguay, Sweden, and Canada. The Company operates the mining and sale of digital currencies and performance computing hosting. It also provides infrastructure solutions, such as computational capacity to distributed networks in the blockchain industry. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in San Antonio, Texas.
| Employees | 29 |
|---|---|
| Headquarters | San Antonio, TX |
| Address | 7900 Callaghan Road, 78229 San Antonio, United States |
| Phone | 604 664 1078 |
| Website | hivedigitaltechnologies.com |
| IPO Date | 12. Jan 2018 |
| ISIN | CA4339211035 |
| Stock Split | 1:5 on 05/24/2022 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Frank Edward Holmes | Executive Chairman | 1955 |
| Aydin Kilic | President & CEO | 1982 |
| Mario Sergi | Chief Information Officer | – |
| Nathan Fast | Director of Marketing & Branding | – |
| Craig Tavares | President & COO of Buzz HPC | – |
| Gabriel Lamas | Country President of Paraguay | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.