Hive Digital Technologies Ltd's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Hive Digital Technologies Ltd (HIVE) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Hive Digital Technologies Ltd vs Its Competitors
- TTM: Trailing 12-month revenue of 557M vs 16,449M combined for tracked competitors (3.3% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-43.2% annualized vs trailing 12 months), vs accelerating (+4.6%) for its tracked peer group.
- Profitability: Its -180.6% net margin compares with 13.7% for the peer group.
- Scale: Hive Digital Technologies Ltd ranks #41 of 117 companies by market capitalization in the Miscellaneous Financial Services industry, holding 0.1% of industry market cap.
- Peer revenue share: Hive Digital Technologies Ltd accounted for 1.8% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $1.11M compares with $0.52M for the peer group (2.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
HIVE Sales vs. its Competitors, Q1 2026
With a net margin of -180.62 %, Hive Digital Technologies Ltd reported lower profitability than its competitors (13.72 %).
Hive Digital Technologies Ltd generated 1.81 % of the combined sales of its peer group.
Hive Digital Technologies Ltd vs. its Competitors, Q1 2026
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Hive Digital Technologies Ltd and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Hive Digital Technologies Ltd | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (13) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Hive Digital Technologies Ltd's competitor groups requires a Commercial License.
Hive Digital Technologies Ltd's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Hive Digital Technologies Ltd | - | - | - | Yes |
| Competitors combined (12) | ||||
| High-Confidence Competitors (15) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
HIVE Stock Performance relative to its Competitors
HIVE Stock Performance relative to High-Confidence Competitors
HIVE Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Viavi Solutions Inc | 282.9% | Outperformed |
| 2 | Digi International Inc | 282.9% | Outperformed |
| 3 | Sify Technologies Ltd | 282.9% | Outperformed |
| 4 | Harmonic Inc | 282.9% | Outperformed |
| 5 | Motorola Solutions inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Hive Digital Technologies Ltd's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Hive Digital Technologies Ltd's Comment on Competition and Industry Peers
Publicly Traded Peers of Hive Digital Technologies Ltd
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Hive Digital Technologies Ltd | 809.40 | 557.28 |
| Motorola Solutions inc | 75,587.78 | 12,236.00 |
| Ubiquiti Inc | 33,518.73 | 3,095.85 |
| Viavi Solutions Inc | 9,379.66 | 1,516.80 |
| Digi International Inc | 3,044.24 | 506.21 |
| Harmonic Inc | 1,160.44 | 344.19 |
| SUBTOTAL | 125,570.53 | 20,787.20 |
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Sources: Hive Digital Technologies Ltd's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Hive Digital Technologies Ltd versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Hive Digital Technologies Ltd's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Hyperscale Data Inc | Named by the company | 85% |
| Core Scientific Inc. | Named by the company | 85% |
| Keel Infrastructure Corp. | Named by the company | 85% |
| TZUP | Named by the company | 85% |
| Cipher Digital Inc | Named by the company | 85% |
| Bitdeer Technologies Group | Named by the company | 85% |
| Equinix | Named by the company | 85% |
| TeraWulf Inc. | Named by the company | 85% |
| Applied Digital | Named by the company | 85% |
| CoreWeave | Named by the company | 85% |
| MARA Holdings, Inc. | Named by the company | 85% |
| Datacentrex Inc | Named by the company | 85% |
| CleanSpark, Inc. | Named by the company | 85% |
| Hut 8 Corp. | Named by the company | 85% |
| Sharonai Holdings Inc | Named by the company | 85% |
| Bit Digital Inc | Named by the company | 85% |
| Bell Canada Inc. | Named by the company | 85% |
| Crusoe Cloud | Named by the company | 85% |
| Riot Platforms, Inc. | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Hive Digital Technologies Ltd's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Hive Digital Technologies Ltd's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Hive Digital Technologies Ltd | Revenue from digital currency mining 91.08 % |
| Motorola Solutions inc | Product and Systems Integration 57.44 % |
| Viavi Solutions Inc | Network and Service Enablement 79.17 % |
| Digi International Inc | IoT Products and Services 71.61 % |
| Netgear Inc | Enterprise 52.94 % |
| Adtran Holdings Inc | Network Solutions 82.84 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Hive Digital Technologies Ltd's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Hive Digital Technologies Ltd | 809 | 1,114,550 | -5,992 |
| Motorola Solutions inc | 75,588 | 532,000 | 93,000 |
| Ubiquiti Inc | 33,519 | 1,702,887 | 518,209 |
| Viavi Solutions Inc | 9,380 | 369,951 | -7,415 |
| Digi International Inc | 3,044 | 554,450 | 53,491 |
| Harmonic Inc | 1,160 | 644,541 | -88,270 |
| PEERS TOTAL | 124,761 | 519,595 | 74,005 |
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Hive Digital Technologies Ltd's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Hive Digital Technologies Ltd | BM 91.08 % |
| Motorola Solutions inc | North America 68.42 % |
| Ubiquiti Inc | North America 50.34 % |
| Viavi Solutions Inc | United States 37.92 % |
| Digi International Inc | North America 85.12 % |
| Harmonic Inc | Americas 90.37 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Hive Digital Technologies Ltd's Position in Industry Market Structure
Market-capitalization share and concentration across all 103 companies in Hive Digital Technologies Ltd's industry classification, broader than the peer set above. Market cap in millions of $.Hive Digital Technologies Ltd ranks #41 of 103 companies by market capitalization in its industry, holding 0.13 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,330, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | American Express Company | 207,998 | 32.18 % |
| 2 | Nu Holdings Ltd | 59,992 | 9.28 % |
| 3 | Coinbase Global Inc | 50,520 | 7.82 % |
| 4 | Eason Technology Limited | 36,989 | 5.72 % |
| 5 | Strategy Inc | 1,234 | 5.2% |
| 6 | Federal National Mortgage Association Fannie Mae | 1,234 | 5.2% |
| 7 | Synchrony Financial | 1,234 | 5.2% |
| 8 | Circle Internet Group Inc | 1,234 | 5.2% |
| 9 | Sofi Technologies Inc | 1,234 | 5.2% |
| 10 | Bitmine Immersion Technologies Inc | 1,234 | 5.2% |
| 41 | Hive Digital Technologies Ltd | 809 | 0.13 % |
Market cap and industry share for the rest of Hive Digital Technologies Ltd's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Hive Digital Technologies Ltd's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 36 | Walker and Dunlop Inc | 1,233 | -54.74 % |
| 37 | Resolute Holdings Management inc | 1,007 | 90.46 % |
| 38 | Hyperliquid Strategies Inc | 964 | - |
| 39 | Burford Capital Limited | 885 | -68.35 % |
| 40 | Finvolution Group | 1,234 | 12.3% |
| 41 | Hive Digital Technologies Ltd | 809 | -13.13 % |
| 42 | Whitefiber Inc | 1,234 | 12.3% |
| 43 | Lufax Holding Ltd | 1,234 | 12.3% |
| 44 | Bitgo Holdings Inc | 1,234 | 12.3% |
| 45 | Green Dot Corp | 1,234 | 12.3% |
| 46 | Tron Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Hive Digital Technologies Ltd's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Hive Digital Technologies Ltd's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Financial Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (80 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | -10.85 % | 53.42 % (avg) | -64.3 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 9.87 % | 2.15 % (avg) | +7.7 pp |
| Capital Intensity (Capex / Revenue) | 24.25 % | 4.86 % (avg) | +19.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Hive Digital Technologies Ltd's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Financial Services industry average (80 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 18.8x | - |
| EV / EBITDA | 16.0x | 15.3x | +0.7x |
| P/B | 2.1x | 3.1x | -1.0x |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | - | 0.51 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Hive Digital Technologies Ltd's BCG Growth-Share Matrix
Relative market share (vs Hive Digital Technologies Ltd's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Hive Digital Technologies Ltd falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 3.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Hive Digital Technologies Ltd's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,330 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 24.25 % vs industry average 4.86 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Hive Digital Technologies Ltd's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Hive Digital Technologies Ltd's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Hive Digital Technologies Ltd's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Hive Digital Technologies Ltd falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Hive Digital Technologies Ltd's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-43.2% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Hive Digital Technologies Ltd's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Hive Digital Technologies Ltd | 1.83 | 3.15 | 0.16 |
| Motorola Solutions inc | 0.17 | 1.06 | 3.64 |
| Ubiquiti Inc | 0.35 | 2.07 | 0.19 |
| Viavi Solutions Inc | 1.07 | 1.73 | 0.83 |
| Digi International Inc | 0.22 | 1.16 | 0.22 |
| Harmonic Inc | 0.84 | 2.44 | 0.30 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Hive Digital Technologies Ltd's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Hive Digital Technologies Ltd | Q2 2026 | +73.5 % | - |
| Motorola Solutions inc | Q2 2026 | +13.3 % | +8.3 % |
| Ubiquiti Inc | Q1 2026 | +18.7 % | +29.6 % |
| Viavi Solutions Inc | Q2 2026 | +52.5 % | +308.8 % |
| Digi International Inc | Q2 2026 | +29.0 % | +53.7 % |
| Harmonic Inc | Q2 2026 | -3.1 % | - |
| PEERS TOTAL | +16.3 % | -4.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Hive Digital Technologies Ltd's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Hive Digital Technologies Ltd | Q2 2026 | +545.9 % | - |
| Motorola Solutions inc | Q2 2026 | +7.6 % | +14.6 % |
| Ubiquiti Inc | Q1 2026 | +13.3 % | - |
| Viavi Solutions Inc | Q2 2026 | +42.8 % | +101.8 % |
| Digi International Inc | Q2 2026 | +5,014.8 % | -15.0 % |
| Harmonic Inc | Q2 2026 | +34.9 % | -57.7 % |
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Hive Digital Technologies Ltd's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Hive Digital Technologies Ltd | - | - | - |
| Motorola Solutions inc | 11.18% | 17.75% | 85.37% |
| Ubiquiti Inc | 61.39% | 95.83% | 111.92% |
| Viavi Solutions Inc | - | - | - |
| Digi International Inc | 5.16% | 5.84% | 7.45% |
| Harmonic Inc | - | - | - |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Hive Digital Technologies Ltd's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Hive Digital Technologies Ltd | - | 1.45 |
| Motorola Solutions inc | 35.65 | 6.18 |
| Ubiquiti Inc | 35.56 | 10.83 |
| Viavi Solutions Inc | - | 6.18 |
| Digi International Inc | 62.08 | 6.01 |
| Harmonic Inc | - | 3.37 |
| PEERS AVERAGE | 43.63 | 6.04 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.