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HIVE Digital Technologies
(NASDAQ:HIVE)
HIVE Digital Technologies (HIVE) vs. iShares MSCI Canada ETF (EWC)
HIVE Digital Technologies Business Overview & Revenue Model
HIVE Digital Technologies Earnings Call Summary
HIVE Digital Technologies Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.48M | 114.47M | 114.47M | 106.32M | 211.18M | 88.34M |
| Gross Profit | -13.88M | 40.39M | 40.39M | -30.88M | 96.91M | 60.83M |
| EBITDA | 64.38M | 24.48M | 24.48M | -150.44M | 152.93M | 36.18M |
| Net Income | -6.58M | -51.20M | -51.20M | -236.42M | 79.62M | 24.14M |
Balance Sheet | ||||||
| Total Assets | 478.59M | 307.58M | 307.58M | 196.12M | 452.27M | 178.33M |
| Cash, Cash Equivalents and Short-Term Investments | 40.55M | 16.65M | 16.65M | 7.24M | 22.32M | 5.13M |
| Total Debt | 25.21M | 30.72M | 30.72M | 35.90M | 48.30M | 46.63M |
| Total Liabilities | 44.23M | 47.89M | 47.89M | 47.30M | 63.22M | 50.18M |
| Stockholders Equity | 434.36M | 259.69M | 259.69M | 148.81M | 389.05M | 128.15M |
Cash Flow | ||||||
| Free Cash Flow | -165.96M | -65.73M | -65.73M | 1.95M | -146.56M | -41.55M |
| Operating Cash Flow | -46.40M | 13.53M | 13.53M | 44.78M | 66.28M | 23.69M |
| Investing Cash Flow | -104.01M | -78.36M | -78.36M | -40.89M | -211.99M | -66.86M |
| Financing Cash Flow | 139.54M | 70.15M | 70.15M | -4.64M | 110.77M | 78.29M |
HIVE Digital Technologies Technical Analysis
HIVE Digital Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$11.26B | 31.80 | -23.34% | ― | ― | -82.47% | |
67 Neutral | ¥713.20B | 10.86 | 7.42% | 3.37% | 7.74% | 16.12% | |
54 Neutral | C$2.64B | 3.76 | -6.53% | ― | 15.44% | -134.04% | |
54 Neutral | $48.78M | ― | -18.42% | ― | 17.11% | -26125.00% | |
52 Neutral | $628.24M | ― | -16.30% | ― | 30.06% | 46.14% | |
50 Neutral | C$495.09M | ― | -15.83% | ― | 27.99% | 90.99% | |
43 Neutral | C$6.35M | ― | -80.93% | ― | -66.56% | 4.86% |
HIVE Digital Technologies Corporate Events
HIVE Digital Technologies has completed the first phase of its 100 MW data center infrastructure in Paraguay, marking a significant milestone in its expansion strategy. The company aims to scale its operations to 5 EH/s in Paraguay and 11.5 EH/s globally by mid-2025, with a target of reaching 25 EH/s by the fall. This expansion is supported by strategic hires and disciplined financial management, positioning HIVE for transformative growth in the digital infrastructure sector.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies has been rated with a score of 46, reflecting its current financial challenges and bearish technical indicators. Despite this, strategic expansions in AI and HPC, as well as sustainable growth initiatives, provide a positive outlook for the future. Investors should remain cautious due to current financial instability and negative earnings, but upcoming expansions and strategic plans might offer potential for improvement.
To see Spark’s full report on TSE:HIVE stock, click here.
HIVE Digital Technologies has commenced operations at its new 200 MW hydro-powered mining site in Yguazú, Paraguay, marking a significant milestone in its expansion strategy. In March 2025, HIVE mined 108 Bitcoin, increasing its holdings to 2,201 BTC, and plans to quadruple its mining capacity by the end of 2025. The company is focused on sustainable growth and aims to become a leading green-powered Bitcoin miner, with a disciplined capital strategy and efficient infrastructure supporting its expansion.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, (TSE:HIVE) is a Neutral.
HIVE Digital Technologies faces significant financial and technical challenges, reflected in negative profitability and bearish technical indicators. While strategic expansions and leadership changes provide growth potential, these are overshadowed by current financial instability and valuation concerns. The stock remains a cautious investment until operational efficiencies and market conditions improve.
To see Spark’s full report on (TSE:HIVE) stock, click here.
HIVE Digital Technologies has completed the acquisition of Bitfarms Ltd.’s Yguazú 200-megawatt hydro-powered facility in Paraguay, marking a significant expansion in its mining capacity. This acquisition is set to increase HIVE’s capacity by 317%, from 6 EH/s to a projected 25 EH/s by September 2025, reinforcing its commitment to sustainable energy and economic development in Paraguay. The expansion is expected to strengthen U.S.-Paraguay relations and contribute to local infrastructure and job creation, positioning HIVE as a key player in the region’s digital infrastructure industry.
HIVE Digital Technologies has appointed Gabriel Lamas as the Country President of Paraguay, a strategic move to enhance its operations and expansion in the region. Lamas, with over 20 years of experience in infrastructure and energy projects, is expected to drive HIVE’s growth in Paraguay, leveraging his expertise to ensure sustainable and efficient operations, thereby strengthening the company’s position as a leader in high-performance computing and green energy-powered data centers.
HIVE Digital Technologies announced its February 2025 production results, highlighting the mining of 89 BTC and a strategic increase in Bitcoin holdings by 23% year-over-year. The company strategically sold some BTC to invest in capital assets, including hydro-powered mining assets in Paraguay. HIVE aims to expand its mining capacity significantly by September 2025, with plans to quadruple its hashrate. The company also reported progress in its high-performance computing GPU business, with a target to reach $20 million in annualized run-rate revenue by Q2 2025.
HIVE Digital Technologies announced the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC. With extensive experience in the digital infrastructure sector, Tavares is expected to drive significant growth in the company’s GPU Cloud and HPC services, aiming to scale the business to $100 million in revenue. His leadership is seen as crucial in expanding Buzz’s Sovereign AI GPU platform and differentiated HPC service offerings, further strengthening HIVE’s market position.
HIVE Digital Technologies reported its January 2025 production results, highlighting the mining of 102 BTC and a significant increase in their HODL portfolio value. The company strategically sold some of its Bitcoin to invest in a new 200 MW hydro-powered Bitcoin mining facility in Paraguay, marking a major expansion that is expected to increase their mining capacity by 317% by September 2025. This expansion, alongside operational improvements and leadership updates, positions HIVE as a major player in Latin America’s Bitcoin mining industry, focusing on sustainability and efficiency.