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Primary reporting period: 2026-03-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
HIVE Digital Technologies Ltd. is a technology company focused on building and operating data centers in Bermuda, exclusively powered by green energy. The firm's operations encompass the mining and subsequent sale of digital currencies, as well as providing performance computing hosting services. Additionally, HIVE offers essential infrastructure solutions, supplying computational capacity to distributed networks within the blockchain sector.
How they make money
HIVE Digital Technologies generates revenue primarily through the operation of data centers for Bitcoin mining and the provision of high-performance computing (HPC) cloud services. The company utilizes specialized hardware to validate transactions on blockchain networks and provides GPU-based cloud infrastructure to enterprise customers for artificial intelligence and rendering workloads.
Products & services
Digital asset mining (Bitcoin), high-performance computing (HPC) cloud services, and data center infrastructure management.
Brands & revenue mix
HIVE Digital Technologies
Primary corporate brand for digital infrastructure and mining services.
Separate brand revenue is not available in this research.Source
BUZZ HPC
Brand for high-performance computing and AI cloud services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company's digital asset mining operations are decentralized via mining pools, while its HPC business is scaling toward enterprise contracts as of the fiscal year ended March 31, 2026.
Suppliers, materials & equipment
NVIDIA — Supplier of graphics processing units (GPUs) used for high-performance computing and AI workloads.Source
ASIC Hardware Manufacturers — Unnamed manufacturers of application-specific integrated circuits (ASICs) for Bitcoin mining.Source
Competitors
Marathon Digital Holdings — Competitor in the digital asset mining and blockchain infrastructure sector.Source
Riot Platforms — Competitor in the digital asset mining and blockchain infrastructure sector.Source
Strengths
Sustainable energy-focused data center infrastructureSource
Geographic diversification of mining operationsSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.54 versus 0.18 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Diluted weighted-average shares increased 38.1% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Total debt increased 829.4% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
41
Weak
Financial Strength
29
Business Quality / Moat
58
Management
40
Growth Quality
61
Risk / Durability
10
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
28
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
43/100
Building Historical Record
Model Score 43/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Asset quality scores strongly
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for HIVE
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can HIVE maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can HIVE fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Does HIVE's balance between cash and debt leave enough flexibility if business conditions weaken?
•What specifically needs to improve for HIVE to reach sustainable profitability?
•What future growth or profitability would be needed to justify HIVE's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HIVE
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~-90.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on HIVE.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Sustainable energy-focused data center infrastructure.
+Geographic diversification of mining operations.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Information Technology Services industry.
−Volatility in digital asset prices.
−Regulatory uncertainty regarding digital assets.
−Dependence on specialized hardware availability.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak29/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
45
Debt Cost1.9%
Debt Reduction YoY-28.8%
Debt / Equity0.13x
Tap for breakdown →
Revenue
Poor
35
Revenue YoY10.6%
Revenue CAGR61.3%
Net Margin-98.0%
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Asset
Strong
74
Asset Growth YoY20.2%
Liquidation/Share$1.88
Net Assets/MCap0.68x
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Capital
Poor
0
Earnings Yield-40.0%
Buyback Yield0.0%
Debt Cost1.9%
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Management
Weak
40
ROIC-20.4%
ROE-76.4%
ROA-34.9%
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Moat
Fair
58
EPS Growth—
FCF/Share Growth—
Rev/Share Growth17.4%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Weak
44
Revenue35
Moat58
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
25
Interest Coverage-90.3x
ROIC-20.4%
FCF Yield-13.2%
Tap for breakdown →
Master
Poor
23
Financial25
Valuation0
Debt45
Tap for breakdown →
Resilience
Poor
27
Survival Years0.3 yrs
Current Ratio1.10x
FCF Margin-35.9%
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Score Changes
4 historical score records available
Previous Score
28
Sep 28, 2026
Change
+0.1
points
Current Score
29
Oct 1, 2026
Category Changes
Revenue+0.2
Debt0
Assets+0.8
Capital0
Management0
Moat0
Valuation0
Buffett+0.1
HIVE increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
25
Projected Change
-3.2 points
Preliminary comparable-period financial changes suggest decline of approximately 3.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$2.12
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Large reported revenue change: +158.3%
Revenue changed sharply from 2025 to 2026. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$329.3M
$297.8M
$115.3M
$114.5M
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Cost of Revenue
$436.4M
$360.3M
$90.1M
$76.9M
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····
····
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Gross Profit
-$107.1M
-$62.5M
$25.1M
$37.5M
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Research & Development
$0.00
$0.00
$0.00
$0.00
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····
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SG&A Expenses
$28.9M
$31.4M
$27.5M
$20.5M
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····
····
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Operating Expenses
$92.8M
$57.2M
$23.5M
$4.8M
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EBITDA
$10.3M
$27.2M
$28.9M
$96.7M
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Operating Income
-$199.9M
-$119.8M
$1.6M
$32.7M
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····
····
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Interest Expense
$2.3M
$1.3M
$2.3M
$3.6M
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····
····
····
····
····
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Income Before Tax
-$318.0M
-$144.6M
$1.6M
$32.7M
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····
····
····
····
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Income Tax Expense
$4.8M
$3.9M
$4.6M
$6.2M
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Net Income
-$322.7M
-$148.4M
-$3.0M
$26.5M
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Basic EPS
$-1.39
$-0.66
$-0.02
$0.29
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Basic Shares
266M
225M
128M
90.01M
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Diluted Shares
266M
225M
128M
90.01M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 69.1%. EPS declined 400.0%. Cash increased 745.7%. Total debt increased 829.4%. Net income margin declined by 257.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.