HIVE Digital Technologies Ltd. (HIVE) Stock

HIVE Digital Technologies Ltd. (HIVE) is a Financials stock trading at $3.09 (as of 2026-08-20), with a market capitalization of $847.52M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

HIVE Digital Technologies Ltd. operates data centers powered by green energy in Bermuda and provides infrastructure for computational capacity, including hosting and performance computing. It also mines and sells digital currencies and supports distributed networks in the blockchain industry.

Understand HIVE Digital Technologies Ltd.: how it makes money

HIVE builds and operates green-energy data centers in Bermuda, and makes money from mining and selling digital currencies, plus performance computing hosting and infrastructure solutions for blockchain networks.

HIVE’s profit model is structurally linked to running green-energy data center capacity, turning that capacity into two monetization paths, contracted high performance computing annual recurring revenue and digital-currency mining output.

Business quality (Weak): The company reports small revenue (~0.1B) and a negative gross margin (-27.1%), and it does not provide an operating margin figure, so investors should focus on whether contracted HPC recurring revenue and mining output metrics translate into improved unit economics.

Bull case

  • Contracted High Performance Computing Annual Recurring Revenue is reported at 0.04 USD_B, supporting an element of recurring demand in performance computing hosting: This gives investors a trackable operating input, rather than relying only on spot activity.
  • Incremental High Performance Computing Annual Recurring Revenue From Liquid-Cooled NVIDIA B200 GPU Cluster is reported at 0.01 USD_B: This suggests new HPC customer commitments tied to a specific GPU cluster.
  • Operational Global Power Capacity is reported at 440.0, with Paraguay Expansion Power Capacity reported at 300.0: This provides a measurable basis for scaling data center infrastructure that underpins both HPC hosting and mining.

Bear case

  • Gross margin is -27.1% for the latest reported period: This indicates profitability pressure at the gross level, which can limit flexibility even if operating metrics remain stable.
  • Operating margin is not provided (null): Investors have less visibility into how operating costs convert into profitability.
  • Bitcoin Mining Hashrate is tracked at 25.1 (ratio): Mining economics can be sensitive to changes in hashrate and network dynamics, which can affect results even when power capacity exists.
Valuation — source: SEC EDGAR (first-party)
Price$3.09
Market Cap$847.52M
Price / Book2.01
Price / Sales2.78
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$297.79M
Net Margin-49.8%
Return on Equity-77.2%
Debt / Equity0.00
Current Ratio1.96
Revenue Growth (YoY)158.3%
EPS Growth (YoY)3200.0%
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderInvesco Ltd. ($25.35M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOAydin Kilic
Employees20
CountryUS
IPO Date2011-02-02

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HIVE earnings history · HIVE institutional & insider holders · HIVE KPIs & operating metrics · HIVE financials · HIVE investor presentations & press releases · HIVE SEC filings · HIVE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.