HIVE Digital Technologies

HIVE

Asset Management - Cryptocurrency · Financial Services

Price

$2.85

-0.03 (-1.04%)

Market Cap

$762.2M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+165.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 84.8M (2022) → 225.4M (2026)

HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Bermuda. The Company operates the mining and sale of digital currencies and performance computing hosting. It also provides infrastructure solutions, such as computational capacity to distributed networks in the blockchain industry. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-15.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-99.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

1.1%ownership

Relatively low insider ownership

Cash Runway

~2 months

$23M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

HIVE Digital Technologies has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

20.8%

Thin — 20.8% gross margin

Operating Margin

5.2%

Thin — 5.2% operating margin

ROCE

0.3%

Weak — 0.3% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+112.5%

Fast-growing sales (112.5% YoY)

EPS YoY

-151.3%

Earnings shrinking (-151.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-44.6%

Burning cash (-44.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.11

Conservative — low debt load (0.11)

Interest Cover

50.87x

Comfortably covers interest (50.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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