Buy Like Buffett
Watchlist

HIVE DIGITAL TECHNOLOGIES LTD.

HIVE · Other · $546M mkt cap · FY2026 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
Share / Embed this score
Embed this score

The five investor questions

50

2024–2026 (latest 3 aligned FYs; v3 window cap 5): revenue $114M to $298M, increasing; diluted EPS 0.29 to -0.66, decreasing.

3

Median gross margin -22.8% over 3y, variable.

—

Not enough years of ROIC data to score returns on capital.

78

Net cash position — no leverage risk.

44

Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.

The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$2.00
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 254% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 20, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

4 years of fundamentals

The business, in plain English

HIVE DIGITAL TECHNOLOGIES LTD. booked $298M of revenue in FY2026 in the Other sector and kept −21.0% of it as gross profit — a thin-margin business by that measure. After every other cost, −49.8% of each revenue dollar reached the bottom line.

The balance sheet carried $2M of total debt in FY2026. Balance-Sheet Safety scores it 78/100.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2023–FY2026 · 4 fiscal years, normalized from HIVE’s SEC filings

Sales, as filed$298M FY2026
$0$200M2023202420252026
Revenue kept after cost of goods−21.0% FY2026
−20%0%2023202420252026
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.

Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.

Cash an owner could take out−$148M FY2026
−$100M$02023202420252026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How HIVE DIGITAL TECHNOLOGIES LTD. makes its money

HIVE DIGITAL TECHNOLOGIES LTD.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$298M100%
−$62.5M−21%
Income before tax−$145M−49%
Income tax$3.9M1%
−$148M−50%
Source: · event Mar 31, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What HIVE DIGITAL TECHNOLOGIES LTD. owns — and owes

HIVE DIGITAL TECHNOLOGIES LTD.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$639M100%
Cash and equivalents$23.1M4%
$2M0%
Stockholders’ equity$529M83%
Source: · event Mar 31, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

What drives HIVE DIGITAL TECHNOLOGIES LTD.’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$148MFY2026
Income before tax−$145MFY2026
Operating incomeUnavailableFY2026
Revenue$298MFY2026
Ending assets$639MFY2026
Beginning assets$532MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001062993-26-002973 · filed Jun 2, 2026
Ending equity$529MFY2026
Beginning equity$449MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001062993-26-002973 · filed Jun 2, 2026
Source: · event Mar 31, 2026 · retrieved Oct 20, 2026 · annual-row source set

Flagship explainer

Where HIVE DIGITAL TECHNOLOGIES LTD.'s cash went

HIVE DIGITAL TECHNOLOGIES LTD.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$62.3M100%
Depreciation and amortization$170M273%
Source: · event Mar 31, 2026 · retrieved Oct 20, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding HIVE DIGITAL TECHNOLOGIES LTD.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 20, 2026

Flagship explainer

What HIVE DIGITAL TECHNOLOGIES LTD. insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

16 logged readings since Sep 4, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale43.6 / 100
0406080100WideNarrowShallowNo moatSep 4, 2026Oct 20, 2026

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

None yet — HIVE has read Shallow moat for every logged capture since Sep 4, 2026.

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for HIVE.

Other context

#51 of 104 scored Other companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #49CHAD DEFI DEVELOPMENT CORP.44.0Shallow moat
  2. #50IREN IREN Limited43.7Shallow moat
  3. #52CRSF Crisp Momentum Inc.42.4Shallow moat
  4. #53HUT Hut 8 Corp.41.7Shallow moat

Compare HIVE with its nearest peers →All Other companies on the Index →

Common questions about HIVE

Does HIVE DIGITAL TECHNOLOGIES LTD. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores HIVE DIGITAL TECHNOLOGIES LTD. (HIVE) 43.6 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 50, pricing power 3, returns on capital not measurable from the filings, balance-sheet safety 78, capital allocation 44.
How has HIVE's Moat Score changed over time?
The record logs 16 readings since Sep 4, 2026; the latest reads 43.6 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell HIVE. See the disclaimer.