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HIVE Digital Technologies Ltd (HIVE) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of HIVE Digital Technologies Ltd $1.45, price $3.37, upside -56.9%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · US · Home Canada · ISIN CA4339211035

HD HIVE Digital Technologies Ltd logo Thin data Sep 24, 2026

HIVE Digital Technologies Ltd

HIVE · US

Weakest SetupStrongly overvalued and low quality.

!Fair value $1.45 · Strongly overvalued (−57%)
!Quality 19/100
!Expensive Growth (revenue 5y +34.5 %/yr)
!Loss-making · -49.9% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (2/11)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$24.30 $1.31 Fair Value $1.45 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range $1.31 – $24.30 · fair‑value band $1.05 – $1.86 · the $3.37 price screens above the $1.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Bermuda and Paraguay. The Company operates the mining and sale of digital currencies and performance computing hosting.

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HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Bermuda and Paraguay. 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. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in San Antonio, Texas.

Stock analysis

HIVE Digital Technologies Ltd (HIVE) currently trades at $3.37, while our model-based Fair Value estimate is $1.45, implying the stock looks roughly 131.7% overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: $1.05 (bear) to $1.86 (bull), the price of $3.37 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 19/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

HIVE Digital Technologies Ltd reported revenue of $298M in FY2026 versus $211M in FY2022, a compound +9.0%/yr. Reported net income was −$148M in FY2026.

Key figures

Market cap $1.1B · P/S ratio 3.83 · EPS (TTM) $−0.6600 · Net margin −49.8% · Return on equity −30.3% · Return on assets (EBIT) 7.9% · Operating margin −82.2% · Revenue (TTM) $298M.

What moves the price

The share trades about 57% below its 52-week high and 111% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −20% fair-value upside, at −57%, HIVE screens richer than that median.

Fair Value models

Bear $1.05 Fair Value $1.45 Bull $1.86
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EV/EBITDA $1.42 $1.89 $2.37 67
NCAV (Graham) $0.9900 $1.33 $1.98 54
All 2 models by family
Multiples
EV/EBITDA $1.42 $1.89 $2.37 67
Asset-Based
NCAV (Graham) $0.9900 $1.33 $1.98 54

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Quality Score breakdown

Overall quality 19/100

Of which business quality 26 · Market factors (momentum, volatility) 25

Profitability 6
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+158.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+41.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.5%
Start year 2021 (pandemic). Over 10 years: +7.0% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
65.5% (2021) → −40.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

HIVE screens 132% overvalued. Compare with Morgan Stanley, a financial holding company, →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 462 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 26 · Bottom 25%
Fair Value upside −59% · Bottom 25%
Profitability
Return on assets −12% · Bottom 25%
Net margin (TTM) −50% · Bottom 25%
Operating margin (TTM) −82% · Bottom 25%
Growth and dividend
Revenue growth 131% · Top 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 2.15× · Pricier than median
P/S (TTM) 3.83× · Pricier than median
EV/EBITDA 19.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 34
FUTURE (revenue growth)100 · sector 88
PAST (return on equity)0 · sector 30
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)0 · sector 42

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $200.18 $312.73 +56%
The Goldman Sachs Group GS $949.49 $756.89 −20%
The Charles Schwab Corporation SCHW $100.35 $117.26 +17%
Interactive Brokers Group IBKR $91.88 $23.37 −75%
Robinhood Markets, Inc HOOD $124.25 $47.73 −62%
Macquarie Group MQG A$242.35 A$75.58 −69%
CITIC Securities Company 600030 ¥26.89 ¥17.68 −34%
Guotai Haitong Securities Co 601211 ¥17.71 ¥18.62 +5%
East Money Information Co 300059 ¥18.77 ¥4.77 −75%
CSC Financial Co 601066 ¥23.77 ¥40.45 +70%

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HIVE Digital Technologies Ltd · Fair Value
$1.45 −132%Fair Value
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Cite: Fair Value Calculator (2026). "HIVE Digital Technologies Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HIVE

Frequently asked questions

Is HIVE Digital Technologies Ltd (HIVE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $1.45 versus a price of $3.37, about −57% upside (overvalued).
What is the fair value of HIVE?
Our model-based fair value for HIVE Digital Technologies Ltd is $1.45 (as of Sep 24, 2026), built from audited fundamentals. The current price: $3.37.
What is the quality score of HIVE?
HIVE Digital Technologies Ltd has a Quality Score of 19/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HIVE Digital Technologies Ltd (HIVE)?
Our model-based price target is the fair value of $1.45 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $1.05, optimistic scenario $1.86. It is a calculation from audited fundamentals, not an analyst target.
What is the HIVE Digital Technologies Ltd stock forecast for 2026?
Our models put fair value at $1.45, about −57% upside versus a price of $3.37 (overvalued). Cautious scenario $1.05, optimistic scenario $1.86. The calculation is refreshed regularly with new filings.
What is the revenue of HIVE Digital Technologies Ltd (HIVE)?
HIVE Digital Technologies Ltd reported trailing-twelve-month revenue of about $298M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of HIVE Digital Technologies Ltd (HIVE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HIVE Digital Technologies Ltd it is $1.45 per share (as of Sep 24, 2026), against a price of $3.37. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is HIVE Digital Technologies Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HIVE trades above its calculated fair value: price $3.37, fair value $1.45, a gap of about −57% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HIVE?
No. The price is what the market pays today ($3.37); the fair value is what the company's own numbers justify ($1.45). For HIVE Digital Technologies Ltd the two are $1.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is HIVE Digital Technologies Ltd worth?
The market values HIVE Digital Technologies Ltd at about $1.1B (market capitalisation, as of Sep 24, 2026). Per share that is $3.37; our models calculate a fair value of $1.45 per share.
What do the bullish and bearish scenarios say about HIVE?
Our models span a range for HIVE Digital Technologies Ltd: cautious scenario $1.05, base $1.45, optimistic $1.86 per share (as of Sep 24, 2026, price $3.37). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HIVE Digital Technologies Ltd (HIVE)?
Balance-sheet figures for HIVE Digital Technologies Ltd (as of Sep 24, 2026): return on equity −30.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is HIVE from its 52-week high?
HIVE Digital Technologies Ltd trades at $3.37, about 57% below its 52-week high of $7.84 and 111% above the low of $1.60 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $1.45 is for.
Which stocks are comparable to HIVE Digital Technologies Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HIVE Digital Technologies Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price $3.37, calculated fair value $1.45 (−57%), Quality Score 19/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HIVE calculated?
We run HIVE Digital Technologies Ltd through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $1.45, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. HIVE Digital Technologies Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HIVE Digital Technologies Ltd (HIVE)?
The closing price on Sep 23, 2026 was $3.37. Our model-based fair value is $1.45, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HIVE Digital Technologies Ltd right now?
The price sits above even our optimistic bull case ($1.86). The favourable scenario is already priced in. Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of HIVE Digital Technologies Ltd

How large is the market capitalisation of HIVE Digital Technologies Ltd (HIVE)?
The market capitalisation of HIVE Digital Technologies Ltd is $1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HIVE Digital Technologies Ltd (HIVE)?
The price-to-sales ratio of HIVE Digital Technologies Ltd is 3.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HIVE Digital Technologies Ltd (HIVE)?
Earnings per share at HIVE Digital Technologies Ltd are $−0.6600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HIVE Digital Technologies Ltd (HIVE)?
The net margin of HIVE Digital Technologies Ltd is −49.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HIVE Digital Technologies Ltd (HIVE)?
The return on equity (ROE) of HIVE Digital Technologies Ltd is −30.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HIVE Digital Technologies Ltd (HIVE)?
On an EBIT basis the return on assets of HIVE Digital Technologies Ltd is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HIVE Digital Technologies Ltd (HIVE)?
The operating margin of HIVE Digital Technologies Ltd is −82.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HIVE Digital Technologies Ltd (HIVE)?
Revenue at HIVE Digital Technologies Ltd is growing +131% versus a year earlier (3y avg +41.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does HIVE Digital Technologies Ltd (HIVE) generate?
The free cash flow of HIVE Digital Technologies Ltd is −$107M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HIVE Digital Technologies Ltd (HIVE) carry?
The net debt of HIVE Digital Technologies Ltd is $48.0M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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