HIVE Digital Technologies Ltd. Common Shares (HIVE)

FairStock Score: 49/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As an old-fashioned value investor, I start with what I can count. HIVE is classified as a financial-services company, but its economics look like a commodity data-center and crypto-mining business. Filed results show revenue rising from $115.3 million in fiscal year ended 2025-03-31 to $297.8 million in fiscal year ended 2026-03-31, which sounds impressive. Yet the bottom line went the other way: net income fell from a loss of $3.0 million in fiscal year ended 2025-03-31 to a loss of $148.4 million in fiscal year ended 2026-03-31, and diluted EPS went from -$0.02 to -$0.66. In the latest quarter, fiscal Q1 2027 ended 2026-06-30, revenue was $79.1 million, but net income was -$142.9 million and diluted EPS was -$0.54, against net income of $35.0 million and EPS of $0.18 in fiscal Q1 2026 ended 2025-06-30. That is not steady owner earnings; it is a business whose profits depend heavily on crypto prices, energy costs and equipment economics. The FairStock figures at the 2026-10-13 close show a negative P/E of -1.71, a price-to-book of 1.52, ROE of -66.39%, ROCE of -12.92%, and debt-to-equity of 0.89. The beta of 3.67 signals extreme volatility. The Lynch category is turnaround—loss in the latest year after earlier profits—but a true turnaround needs a durable moat and consistent cash generation, and the filed numbers do not yet show that. Bank-specific measures such as CET1, NIM and combined ratio are not in the data. I see a speculative asset, not a margin-of-safety bargain.

In plain English: HIVE Digital Technologies runs data centers and mines digital currencies, mostly using green energy in several countries. The business has grown revenue lately, but it swung to large losses in the latest quarter and latest fiscal year, so it looks financially weak and highly volatile. At $2.37, the shares are not obviously cheap against book value and are hard to judge on earnings because there are none.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer