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HIVE Blockchain Technologies Ltd
XTSX:HIVE

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HIVE Blockchain Technologies Ltd
XTSX:HIVE
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Price: 3.39 CAD 13% Market Closed
Market Cap: CA$861m

EV/EBITDA

11.5
Current
51%
More Expensive
vs 3-y median of 7.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.5
=
Enterprise Value
CA$588.2m
/
EBITDA
$46.7m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.5
=
Enterprise Value
CA$588.2m
/
EBITDA
$46.7m

Valuation Scenarios

HIVE Blockchain Technologies Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (7.6), the stock would be worth CA$2.25 (34% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-41%
Maximum Upside
+4%
Average Downside
20%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11.5 CA$3.39
0%
3-Year Average 7.6 CA$2.25
-34%
5-Year Average 6.8 CA$2.01
-41%
Industry Average 12 CA$3.53
+4%
Country Average 10.2 CA$3
-12%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$588.2m
/
Jan 2026
$46.7m
=
11.5
Current
CA$588.2m
/
Mar 2026
$96.9m
=
6.1
Forward
CA$588.2m
/
Mar 2027
$141.7m
=
4.2
Forward
CA$588.2m
/
Mar 2028
$213.2m
=
2.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
HIVE Blockchain Technologies Ltd
XTSX:HIVE
824.1m CAD 11.5 -8.2
US
Ezenia! Inc
OTC:EZEN
567B USD -182 667.2 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
348.9B USD 237 214.2
DE
SAP SE
XETRA:SAP
182.3B EUR 15.3 24.9
US
Salesforce Inc
NYSE:CRM
170.7B USD 13.7 22.9
US
Applovin Corp
NASDAQ:APP
161.4B USD 37.4 48.4
US
Intuit Inc
NASDAQ:INTU
109.1B USD 17.6 25.1
US
Adobe Inc
NASDAQ:ADBE
99.2B USD 10 13.8
US
NCR Corp
LSE:0K45
90.2B USD 242.1 2 147.1
US
Synopsys Inc
NASDAQ:SNPS
86.1B USD 45.9 78.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.5B USD 44.6 76.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
HIVE Blockchain Technologies Ltd
XTSX:HIVE
Average EV/EBITDA: 67.5
11.5
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
237
84%
2.8
DE
SAP SE
XETRA:SAP
15.3
15%
1
US
Salesforce Inc
NYSE:CRM
13.7
22%
0.6
US
Applovin Corp
NASDAQ:APP
37.4
36%
1
US
Intuit Inc
NASDAQ:INTU
17.6
27%
0.7
US
Adobe Inc
NASDAQ:ADBE
10
14%
0.7
US
N
NCR Corp
LSE:0K45
242.1
9%
26.9
US
Synopsys Inc
NASDAQ:SNPS
45.9
47%
1
US
Cadence Design Systems Inc
NASDAQ:CDNS
44.6
25%
1.8
P/E Multiple
Earnings Growth PEG
CA
HIVE Blockchain Technologies Ltd
XTSX:HIVE
Average P/E: 294.5
Negative Multiple: -8.2
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
214.2
58%
3.7
DE
SAP SE
XETRA:SAP
24.9
17%
1.5
US
Salesforce Inc
NYSE:CRM
22.9
29%
0.8
US
Applovin Corp
NASDAQ:APP
48.4
38%
1.3
US
Intuit Inc
NASDAQ:INTU
25.1
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.8
20%
0.7
US
N
NCR Corp
LSE:0K45
2 147.1
52%
41.3
US
Synopsys Inc
NASDAQ:SNPS
78.1
44%
1.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
76.2
39%
2

Market Distribution

In line with most companies in Canada
Percentile
58th
Based on 2 002 companies
58th percentile
11.5
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

HIVE Blockchain Technologies Ltd
Glance View

HIVE Blockchain Technologies Ltd. engages in building a bridge from the block chain sector to traditional capital markets. The company is headquartered in Vancouver, British Columbia and currently employs 19 full-time employees. The firm owns green energy-powered data center facilities in Canada, Sweden, and Iceland which produces minted digital currencies. The Company’s digital currencies consist of Ethereum, Ethereum Classic, and Bitcoin. The firm also provides shareholders with operating margins of digital currency mining as well as a portfolio of crypto coins. The firm also owns a data center campus in New Brunswick. The Company’s geographic segments include Canada, Sweden, Iceland and Bermuda. The firm provides its services from the blockchain sector to traditional capital markets.

HIVE Intrinsic Value
4.1 CAD
Undervaluation 17%
Intrinsic Value
Price CA$3.39
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