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Upturn AI SWOT - About
HIVE Blockchain Technologies Ltd (HIVE)
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Upturn Advisory Summary
04/01/2025: HIVE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -51.78% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 239.32M USD | Price to earnings Ratio - | 1Y Target Price 8.06 |
Price to earnings Ratio - | 1Y Target Price 8.06 | ||
Volume (30-day avg) 9234421 | Beta 4.59 | 52 Weeks Range 1.38 - 5.54 | Updated Date 04/2/2025 |
52 Weeks Range 1.38 - 5.54 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -5.45% | Operating Margin (TTM) -69.08% |
Management Effectiveness
Return on Assets (TTM) -9.03% | Return on Equity (TTM) -2.15% |
Valuation
Trailing PE - | Forward PE 84.75 | Enterprise Value 223556784 | Price to Sales(TTM) 1.98 |
Enterprise Value 223556784 | Price to Sales(TTM) 1.98 | ||
Enterprise Value to Revenue 1.91 | Enterprise Value to EBITDA 3.5 | Shares Outstanding 155402000 | Shares Floating 154854804 |
Shares Outstanding 155402000 | Shares Floating 154854804 | ||
Percent Insiders 0.35 | Percent Institutions 21.39 |
Analyst Ratings
Rating 4.57 | Target Price 7.79 | Buy 3 | Strong Buy 4 |
Buy 3 | Strong Buy 4 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
HIVE Blockchain Technologies Ltd
Company Overview
History and Background
HIVE Blockchain Technologies Ltd. was founded in 2017 as a cryptocurrency mining company. It focuses on the environmental, social, and governance (ESG) aspects of blockchain infrastructure. Originally, it started with Ethereum mining and has since expanded to Bitcoin and other cryptocurrencies.
Core Business Areas
- Cryptocurrency Mining: HIVE focuses on mining both Bitcoin and Ethereum. They operate data centers with access to low-cost green energy. The company adjust its mining strategy based on market dynamics.
- High-Performance Computing (HPC): The company leverages their data center infrastructure for HPC applications, diversifying their revenue streams.
Leadership and Structure
HIVE's leadership includes key executives focused on finance, technology, and operations. The organizational structure reflects a focus on mining efficiency and strategic investments. The Board of Directors oversees company strategy.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: HIVE mines Bitcoin, contributing to the Bitcoin network. Market share is highly fragmented, but HIVE's contribution fluctuates. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK). Revenue fluctuates based on Bitcoin price and mining efficiency. Hard data is difficult to obtain, it is estimated to have less than 1% market share.
- Ethereum Mining (Legacy): Historically, HIVE mined Ethereum but shifted focus after Ethereum's transition to Proof-of-Stake. Competitors used to include other ETH mining operations. This is no longer a core revenue driver.
- High-Performance Computing: HIVE is entering the HPC space, offering computing power for AI, graphics rendering, and other compute-intensive tasks. This is a new and growing market. It is too early to obtain accurate market share data. Competitors include companies like CoreWeave and Amazon Web Services (AWS).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is characterized by intense competition, fluctuating cryptocurrency prices, and increasing energy consumption concerns. The HPC industry is expanding rapidly with increased demand for AI compute power.
Positioning
HIVE positions itself as a 'green' cryptocurrency miner using renewable energy sources. Its diversification into HPC aims to stabilize revenue streams and capitalize on growing HPC demand.
Total Addressable Market (TAM)
The global cryptocurrency mining market is estimated to be in the billions of dollars, while the HPC market is expected to reach hundreds of billions in the coming years. HIVE is positioning itself to capture a share of both, leveraging its existing infrastructure and green energy focus.
Upturn SWOT Analysis
Strengths
- Access to low-cost renewable energy
- Diversification into HPC
- Established data center infrastructure
- Focus on ESG practices
Weaknesses
- Dependence on cryptocurrency prices
- High energy consumption
- Intense competition in the mining industry
- Limited market share in both crypto mining and HPC
Opportunities
- Expansion of HPC services
- Increasing demand for green cryptocurrency mining
- Partnerships with other blockchain companies
- Adoption of new mining technologies
Threats
- Cryptocurrency price volatility
- Increasing regulatory scrutiny
- Rising energy costs
- Technological advancements by competitors
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
HIVE competes with larger mining companies that have greater access to capital. Its advantages include its green energy focus and diversification strategy, while disadvantages include its smaller scale and reliance on crypto prices.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by cryptocurrency price appreciation and expansion of mining capacity. However, this growth has been cyclical.
Future Projections: Future growth depends on the success of its HPC diversification and its ability to maintain cost-effective mining operations. Analyst projections are highly variable given the sector's volatility.
Recent Initiatives: Recent initiatives include expanding HPC infrastructure, reducing energy costs, and exploring new cryptocurrency mining opportunities.
Summary
HIVE Blockchain Technologies is highly volatile, heavily dependent on Bitcoin and crypto markets, and competing in a crowded crypto mining sector. Their diversification into HPC could provide revenue stabilization. HIVE's ESG focus is a differentiating factor, but it faces risks from regulatory changes and competitive pressures. The overall financial health depends on crypto prices and they need to succeed in HPC.
Similar Companies
AMD
Advanced Micro Devices Inc
AMD
Advanced Micro Devices Inc
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
NVDA
NVIDIA Corporation
NVDA
NVIDIA Corporation
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Publicly Available Information
Disclaimers:
This analysis is based on publicly available information and is not financial advice. The cryptocurrency market is highly volatile and investments carry significant risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About HIVE Blockchain Technologies Ltd
Exchange NASDAQ | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2018-01-12 | President & CEO Mr. Aydin Kilic | ||
Sector Financial Services | Industry Capital Markets | Full time employees 20 | |
Full time employees 20 | |||
HIVE Digital Technologies Ltd., a technology company, engages in the building and operating data centers powered by green energy in Canada, Sweden, and Paraguay. It also provides computing infrastructure solutions, as well 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 Vancouver, Canada.
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