Minehub Technologies, Inc. (TSE:MHUB)
:MHUB
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Minehub Technologies
(MHUB)
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Rating:49Neutral
Price Target:
C$0.90
▲(12.00% Upside)
Action:ReiteratedDate:02/28/26
The score is held back primarily by weak financial performance: very large ongoing losses and persistent cash burn outweigh the balance-sheet improvement. Technicals are moderately supportive with price above major moving averages, but momentum indicators are mixed. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Platform network model
Minehub’s core digital-platform model connects producers, traders, logistics and customers in bulk commodities, creating potential network effects and workflow stickiness. Structurally, a multi-sided platform can scale with additional services and participants, supporting durable revenue expansion if adoption grows.
Negative Factors
Significant cash burn
Persistent TTM operating and free cash flow near -$6.4M is a durable weakness: ongoing negative cash generation erodes liquidity, forces reliance on capital raises or debt, and constrains the company’s ability to invest in go-to-market and product development, increasing dilution or refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform network model
Minehub’s core digital-platform model connects producers, traders, logistics and customers in bulk commodities, creating potential network effects and workflow stickiness. Structurally, a multi-sided platform can scale with additional services and participants, supporting durable revenue expansion if adoption grows.
Read all positive factors
Minehub Technologies (MHUB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$53.80M
Dividend YieldN/A
Average Volume (3M)90.86K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-35.91%
EPS Growth20.44%
CountryCA
Employees22
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding101,502,380
10 Day Avg. Volume57,909
30 Day Avg. Volume90,858
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)19.56
Price to Sales (P/S)22.69
P/FCF Ratio-7.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Minehub Technologies Business Overview & Revenue Model
Company Description
Minehub Technologies Inc., a technology company, develops a platform for digital trade in the mining and metals supply chain built on blockchain technology. Its MineHub platform connects the parties which involved in physical commodities transacti...
How the Company Makes Money
Minehub generates revenue primarily through subscription fees for its software services, which are charged to mining companies and related stakeholders seeking to utilize its platform. The revenue model includes tiered pricing structures based on ...
Minehub Technologies Earnings Call Summary
Earnings Call Date:Dec 19, 2024
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant positive developments, including revenue growth driven by SaaS, strategic partnerships, expansion into new markets, and improved financial metrics. Despite a decrease in quarterly revenue due to business model transition, the overall outlook remains positive with a robust sales pipeline and strategic initiatives underway.Positive Updates
Year-to-Date Revenue Growth
MineHub's year-to-date revenue increased by nearly 20% year-over-year, driven by growth in SaaS revenue.
Negative Updates
Transition from Professional Services Revenue
Decrease in quarterly revenue due to the strategic transition from nonrecurring professional services to stable recurring SaaS revenues.
Read all updates
Q3-2025 Updates
Positive
Negative
Year-to-Date Revenue Growth
MineHub's year-to-date revenue increased by nearly 20% year-over-year, driven by growth in SaaS revenue.
Read all positive updates
Company Guidance
During the Q3 2025 earnings call held on December 19, 2024, MineHub provided guidance on several key metrics and strategic initiatives. The company reported a 19% increase in year-to-date revenue, reaching $1.6 million, driven by a 31% rise in SaaS revenue. This growth was primarily fueled by both new customer acquisitions and increased revenue from existing clients, despite a 13% reduction in nonrecurring professional services revenue. MineHub's net loss improved by 11% to $4.7 million, attributed to better cost management and revenue growth. The company highlighted its strategic shift towards a recurring SaaS revenue model and its expansion into Asian markets through partnerships with prominent firms like Sumitomo Corporation and Elane Technology, contributing to a gross merchandise value (GMV) of $11.5 billion for the nine months ending October 31, 2024. The partnership with Abaxx Technologies was emphasized as a significant milestone, with Abaxx planning to increase its ownership in MineHub to 19.99%. The company aims to increase its annual recurring revenue (ARR), which stood at approximately $2.2 million as of December 16, 2024, by executing new contracts and expanding volumes of managed commodities.Minehub Technologies Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46M | 2.02M | 2.01M | 186.78K | 0.00 | 67.37K |
| Gross Profit | 337.93K | 857.86K | 1.92M | -762.51K | 0.00 | 287.00 |
| EBITDA | -5.56M | -6.05M | -6.27M | -8.43M | -9.34M | -3.13M |
| Net Income | -5.71M | -6.24M | -6.48M | -8.53M | -9.65M | -3.25M |
Balance Sheet | ||||||
| Total Assets | 2.79M | 3.77M | 5.24M | 1.58M | 3.82M | 845.10K |
| Cash, Cash Equivalents and Short-Term Investments | 1.46M | 2.44M | 3.87M | 1.15M | 2.94M | 456.18K |
| Total Debt | 962.87K | 757.13K | 866.67K | 842.35K | 1.25M | 1.90M |
| Total Liabilities | 1.67M | 1.43M | 2.47M | 1.63M | 1.90M | 2.79M |
| Stockholders Equity | 1.12M | 2.34M | 2.77M | -50.28K | 1.91M | -1.95M |
Cash Flow | ||||||
| Free Cash Flow | -6.42M | -6.55M | -4.90M | -7.26M | -8.59M | -2.87M |
| Operating Cash Flow | -6.42M | -6.55M | -4.90M | -7.26M | -8.59M | -2.87M |
| Investing Cash Flow | 4.57M | 2.94M | 351.39K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 2.66M | 2.96K | 7.27M | 5.47M | 11.07M | 3.29M |
Minehub Technologies Technical Analysis
Negative
0.80
Price Trends
0.77
Negative
0.84
Negative
0.72
Negative
Market Momentum
-0.07
Positive
32.92
Neutral
13.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MHUB, the sentiment is Negative. The current price of 0.8 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.77, and above the 200-day MA of 0.72, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 32.92 is Neutral, neither overbought nor oversold. The STOCH value of 13.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MHUB.
Minehub Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$437.87M | 55.29 | 8.57% | 1.07% | 7.00% | 110.62% | |
69 Neutral | C$3.90B | 49.33 | 16.46% | ― | 15.11% | 75.40% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$757.39M | -47.83 | -13.41% | ― | 20.78% | 58.71% | |
52 Neutral | C$126.22M | -12.40 | -38.48% | ― | 48.18% | -401.19% | |
49 Neutral | C$53.80M | -18.90 | -393.78% | ― | -35.91% | 20.44% | |
45 Neutral | C$61.56M | -40.30 | -139.78% | ― | -34.80% | -28.42% |
* Technology Sector Average
TSE:MHUB
Minehub Technologies
0.53
0.05
10.42%
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Blackline Safety
8.93
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Kinaxis Inc
141.02
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-17.64%
TSE:ABXX
Abaxx Technologies Inc
4.08
0.00
0.00%
TSE:TCS
TECSYS Inc. J
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-22.47%
Minehub Technologies Corporate Events
Business Operations and StrategyM&A TransactionsProduct-Related Announcements
MineHub widens digital commodity platform with Jules AI deal and new trade tools
Positive
Feb 11, 2026
MineHub used 2025 to broaden its platform and market reach, notably by acquiring Jules AI to create an end-to-end digital offering for primary and recycled materials and expanding its team to 11 countries. The move strengthens MineHub’s posi...
Business Operations and StrategyProduct-Related Announcements
MineHub Launches AI Trade Assistant and Expands Indian Hub to Tap Raw Materials Boom
Positive
Jan 15, 2026
MineHub Technologies is launching a Commodity Trade Execution AI Assistant, an AI-powered tool that automates data-heavy and repetitive tasks in international industrial commodity trading, including processing unstructured documents and visually a...
Private Placements and Financing
MineHub Technologies Completes Final Tranche of Private Placement
Positive
Dec 11, 2025
MineHub Technologies Inc. announced the closing of the final tranche of its private placement offering, raising a total of $7,210,500. The proceeds will be used for working capital and general corporate purposes, potentially strengthening the comp...
Business Operations and StrategyPrivate Placements and Financing
MineHub Technologies Completes First Tranche of Private Placement
Positive
Dec 10, 2025
MineHub Technologies Inc. has successfully closed the first tranche of its private placement offering, raising approximately $6.71 million through the issuance of 7,063,684 units. This offering, facilitated by ATB Securities Inc. and Haywood Secur...
Business Operations and StrategyProduct-Related Announcements
MineHub and Chinsay Partner to Enhance Commodity Trading Efficiency
Positive
Dec 2, 2025
MineHub Technologies has entered into a Memorandum of Understanding with Chinsay to deliver an integrated contract management and trade visibility solution for the physical commodities market. This partnership aims to streamline the contract-to-ca...
Business Operations and StrategyFinancial Disclosures
MineHub Technologies Adjusts Fiscal Year-End for Enhanced Alignment
Neutral
Nov 28, 2025
MineHub Technologies Inc. has announced a change in its fiscal year-end from January 31 to December 31, effective December 31, 2025. This adjustment aims to better align the company’s financial reporting with industry peers and subsidiary ob...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.