The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
HIVE · Other · Shallow moat
Doesn't clear the bar
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%.
CRSF · Other · Shallow moat
Doesn't clear the bar
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%.
| Measure | HIVE | DFDV | IREN | CRSF |
|---|---|---|---|---|
| Moat Score (0–100) | 44 (highest) | 44 (highest) | 44 (highest) | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 50 | 50 | 63 (highest) | 39 |
| Pricing power | 3 | 100 (highest) | 84 | 79 |
| Returns on capital | — | 0 (highest) | 0 (highest) | — |
| Balance-sheet safety | 78 (highest) | 28 | 28 | 28 |
| Capital allocation | 44 (highest) | 42 | 44 (highest) | 24 |
| No price data | No price data | No price data | No price data | |
| Market cap | $835M | $175M | $13.9B | $20.4M |
| Moat tier | Shallow moat | Shallow moat | Shallow moat | Shallow moat |
| Filing date | FY2026 | FY2025 | FY2026 | FY2025 |