The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 28 | — | 20.8x | Bottom tier | |
Growth | 44 | 354.3% | 6.1% | Around median | |
Quality | 9 | — | — | Bottom tier | |
Safety | 94 | — | — | Top tier | |
Capital Return | 84 | — | 2.02% | Top tier | |
Momentum | 46 | 64.8% | 4.1% | Around median | |
Sentiment | 30 | 4 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
HIVE Digital Technologies Ltd. (HIVE) provides a vertically integrated digital infrastructure, building and operating state-of-the-art data centers from scratch, and investing in land ownership and electrical substations to ensure energy efficiency. The company relies on a dual-engine strategy, which integrates Bitcoin mining operations as a primary generator of immediate cash flows, with the expansion of high-performance computing (HPC) and AI cloud services through its dedicated platform, BUZZ Cloud. HIVE currently has an active capacity of 440 MW strategically distributed across Canada, Sweden, and Paraguay, and seeks to increase this capacity to 860 MW through massive expansion projects to meet the growing demand for sovereign data processing and artificial intelligence.
During the fourth fiscal quarter of 2026 (ended March 31, 2026), HIVE achieved revenues of $71.8 million, compared to $93.1 million in the third quarter of the same year, a decline attributed to typical operational fluctuations in the Bitcoin mining sector. The company recorded a gross operating margin of $17.5 million (equivalent to 24% of revenues) and net operating income of $8 million, while Adjusted EBITDA was a loss of $9 million. On a GAAP net income basis, the company recorded a net loss of $76.3 million for the quarter (and $148 million for the full fiscal year), resulting from the application of an accelerated, non-cash depreciation schedule for its capital assets. The HPC and AI segment contributed $4.6 million to the quarter's revenue, marking an upward trend representing about 6% to 7% of the company's total business.
HIVE Digital Technologies stock enjoys a positive analyst consensus recommending a Buy, with an average estimated price target of $6.42, and a forecast range between a low of $5 and a high of $8. The stock currently trades below the analyst consensus average target, suggesting a promising growth opportunity based on target Enterprise Value-to-Annual Recurring Revenue (EV/ARR) multiples for the HPC segment, and management's outlook to reach a market capitalization threshold of $5 billion and more with the commissioning of its mega projects by 2028.
Figures in the text are as of 2026-06-18; the live price is shown at the top of the page.
HIVE's Gigafactory project is located in the Greater Toronto Area on 25 acres of land acquired by the company for $58 million. The total capacity allocated for the project is 320 MW, and the capital expenditure for its development is expected to be approximately CAD 3.5 billion. The company plans to fully operate the site and start providing computing services in early 2028, aiming to generate an annual recurring revenue (ARR) of approximately CAD 316 million from this project alone.
In April 2026, HIVE successfully closed a private placement of 0% convertible notes worth $115 million due in 2031. These notes were priced when the stock was trading at $2.18, with a base conversion price of $2.57. To avoid equity dilution, the company purchased a capped call option at a cost of $19.8 million, protecting shareholders from dilution until the company's market capitalization reaches $1.2 billion (at an effective conversion price of $4.92), with an expected return at maturity of up to $105 million.
HIVE cooperates closely with Bell Canada, the largest telecommunications company in Canada, to deploy GPU clusters within Bell AI fabric data centers distributed across the country. This partnership allows HIVE to offer sovereign cloud computing services to Canadian enterprises under a capital-light, fast-to-market model. HIVE benefits from hosting fees discounted by 20% compared to market rates, in addition to a revenue share of approximately 5% when Bell brings customers directly.
Automated analysis for informational purposes only — not investment advice.
Bitcoin mining represents HIVE's primary cash engine, with the company possessing an installed mining capacity exceeding 25 Exahash, averaging an operating rate of 23 Exahash during the fourth fiscal quarter of 2026. The company produced 876 Bitcoins during the last quarter and holds 150 Bitcoins in its treasury as a strategic reserve as of March 31, 2026. The company optimized its hardware efficiency to reach 16 Joules per Terahash, contributing to lower operating costs and improved gross margins even during price fluctuations.
HIVE targets reaching a total annual recurring revenue (ARR) of $660 million for the high-performance computing (HPC) segment. This target is split into $200 million from the GPU cloud segment of the BUZZ Cloud platform, and $460 million from the co-hosting segment. The company seeks to achieve these figures by deploying the new GB200 and GB300 processor clusters, in addition to major expansion projects in Canada, Sweden, and New Brunswick by 2028.