HIVE Blockchain Technologies Ltd. (HIVE) AI Stock Analysis

HIVE Blockchain Technologies Ltd. is a cryptocurrency mining company with operational facilities located in Canada, Sweden, and Iceland. Originally incorporated in 1987 as Leeta Gold Corp., the company rebranded in September 2017 to focus on blockchain and cryptocurrency technologies. Headquartered in Vancouver, Canada, HIVE specializes in mining and selling digital currencies, including Bitcoin, Ethereum, and Ethereum Classic. The business uses advanced mining hardware to validate and secure transactions across blockchain networks, earning rewards in newly minted coins. Operations are strategically positioned in regions offering favorable climates and low-cost renewable energy sources to support sustainable mining infrastructure.

HIVE achieved a 5-year revenue compound annual growth rate of 34.5% from FY2021 to FY2026. In FY2022, revenue spiked 212.0% to $211.2M with net income of $79.6M, before falling 49.7% in FY2023 to $106.3M with a net loss of -$236.4M. Sales rebounded in FY2026, growing 158.3% to $297.8M, but profitability deteriorated with gross margin of -21.0% and operating margin of -40.2%, resulting in net income of -$148.4M. For the trailing twelve months, revenue was $331.3M with a profit margin of -98.5%. In the latest quarter ending June 30, 2026, quarterly revenue grew 73.5% year-over-year, while quarterly earnings fell 99.9%.

As of June 30, 2026, HIVE held $229.9M in cash and short-term investments against total debt of $373.9M, resulting in net debt of $144.0M. Total assets stood at $924.6M and shareholders' equity was $422.7M, yielding a debt-to-equity ratio of 0.88 and a current ratio of 1.96. Operating cash flow in FY2026 was $61.9M, but capital expenditures of $168.8M led to free cash flow of -$106.9M. Additionally, the company's share count expanded by 223.1% over five years.

At a market capitalization of $556.8M and enterprise value of $1.08B, HIVE trades at a forward P/E of 62.9x, compared to 10.8x for the median of its US-listed Financial Services peers. Its EV/EBITDA multiple is 28.3x versus the peer median of 11.7x, while its price-to-sales ratio is 1.7x against the peer median of 3.2x. HIVE closed at $2.03 on October 16, 2026, which is 29.7% below its 200-day average. The stock returned -65.2% over the past year and -87.0% over five years, significantly trailing the S&P 500 (SPY) returns of 16.8% and 83.0%.

HIVE carries 8 Strong Buy ratings, 1 Hold rating, and no Sell ratings. The mean price target of $7.00 implies an upside of 244.8% from the last close of $2.03. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $369.4M and EPS of -$0.95, representing an EPS decline of 44.5%. For the following fiscal year, 7 analysts project revenue of $518.4M and EPS of -$0.42. Over the last 4 quarters, HIVE beat EPS estimates once. The next earnings date is November 13, 2026.

This page is an AI-written research summary of HIVE Blockchain Technologies Ltd. (HIVE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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