HIVE
HIVE Digital Technologies Ltd.

HIVE Digital Technologies Ltd.HIVE

Financial Services · Capital Markets
1.78USD
+9.20%
Nov 08, 2026
HIVE overview ready
Operator of energy-backed Bitcoin mining and digital infrastructure sites
HIVE is primarily a publicly traded Bitcoin miner and operator of energy-focused digital-infrastructure sites.
Primary theme is lagging
Data Centers / HPC is lagging (-24.7pp vs SPY over 21 sessions; 3 of 16 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Volatility in Bitcoin prices.
Market Nov 6Price action Nov 7Research Jul 16

Conviction Level

PriceAction1.4BusinessPerformance—BusinessQuality—Valuation3.5ThemeMomentum1.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−24.7pp
Theme return
−29.7%
Beating SPY
3 of 16
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$488.2M
Avg Volume (60D)
11.4M
60 sessions
Revenue Growth YoY
+157.5%
Trailing twelve months
Gross Margin
+35.1%
Operating Margin
-44.0%
Trailing twelve months
Free Cash Flow Yield
+28.7%
Distance from 200DMA
-36.3%
Next Earnings
2026-11-09
EV / EBITDA
17.7x
EV / Sales
1.9x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — banks, insurers and lenders need a different model.

Fundamentals & Valuation

0 of the one valuation perspectives say fair; peers is the dissenting view.
HIVE Digital Technologies Ltd. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

What changed

  • HIVE rose 9.2% in one session
    HIVE closed +9.2% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
HIVE is primarily a publicly traded Bitcoin miner and operator of energy-focused digital-infrastructure sites. Its economics are directly tied to Bitcoin production, realized Bitcoin prices, mining difficulty, fleet efficiency, uptime, and power costs.
Opportunity
Moderate opportunity
Bitcoin price, network economics, institutional participation, and demand for digital-asset infrastructure drive capital deployment into efficient mining fleets, energy-backed data centers, and hashrate capacity.
Key risk
Volatility in Bitcoin prices.

Economic classification

Loading the economic classification…

Business & Markets

Financial Services · Capital Markets
What they do

HIVE Digital Technologies Ltd. builds and operates green-energy-powered data centers across multiple countries to mine and sell digital currencies, primarily Bitcoin, and provides computational capacity for blockchain networks.

How it earns

The company generates revenue primarily through the mining and sale of digital currencies and hosting performance computing services.

Products & services
Bitcoin mining
Digital currency mining
Performance computing hosting
Blockchain infrastructure solutions
Customers & end markets
Institutional and retail digital currency markets
Blockchain networks requiring computational capacity
Market position

A publicly traded Bitcoin miner and operator of energy-focused digital infrastructure with a significant presence in multiple jurisdictions.

Demand drivers
High cyclicality

Business performance is closely tied to volatile Bitcoin prices and network mining conditions.