Financials HIVE Digital Technologies Ltd.

Equities

HIVE

CA4339211035

Blockchain & Cryptocurrency

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-03-14 EDT			5-day change	1st Jan Change
2.500 ^CAD	+3.73%		-13.79%	-39.17%

03-10	HIVE Digital Technologies Ltd. Reports Unaudited Bitcoin Production for the Month Ended February 28, 2025	CI
03-07	Rosenblatt Initiates HIVE Digital Technologies at Buy With CA$8.58 Price Target	MT

Projected Income Statement: HIVE Digital Technologies Ltd.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	66.7	209.6	106.3	114.5	117	247.2	535.6
Change	-	-	214.27%	-49.28%	7.66%	2.23%	111.23%	116.69%
EBITDA ¹	-	-	171	23.2	37.49	42.31	105.3	316.9
Change	-	-	-	-86.43%	61.57%	12.85%	148.99%	200.83%
EBIT ¹	-	67.4	196.9	-52.75	-46.43	-55.58	-37.55	110.1
Change	-	-	192.05%	-	-11.98%	-19.71%	32.45%	-
Interest Paid ¹	-	-1.214	-3.87	-3.706	-3.557	-2.705	-2.933	-3
Earnings before Tax (EBT) ¹	-	42.69	82.04	-236.1	-45.02	-20.5	-6.907	91.8
Change	-	-	92.17%	-	-80.93%	54.45%	66.32%	-
Net income ¹	-1.663	42.54	79.62	-236.4	-51.2	-7.933	-5.407	72.5
Change	-	-	87.17%	-	-78.34%	84.51%	31.84%	-
Announcement Date	9/14/20	9/23/21	7/20/22	6/29/23	6/24/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	-	33.42	37.24	52.62	68.18	51.57	44.18	29.6	14.32	18.22	23.57	22.77	31.25	36.88	32.24	22.65	29.23	32.91	43.47	53.55	69.64	83.61
Change	-	-	11.43%	41.3%	29.58%	-24.37%	-14.33%	-33.01%	-51.62%	27.27%	29.31%	-3.39%	37.27%	18.01%	-12.58%	-29.75%	29.06%	12.59%	32.09%	23.19%	30.03%	20.06%
EBITDA ¹	-	-	-	-	-	11.79	11.23	18.81	1.55	-1.278	5.308	-1.515	17.33	16.2	14.94	5.593	17.29	5.782	22.37	30.13	40.67	15.6
Change	-	-	-	-	-	-	-4.76%	67.52%	-91.76%	-	-	-	-	-6.5%	-7.77%	-62.57%	209.12%	-66.56%	286.82%	34.72%	34.96%	-61.64%
EBIT ¹	-	22	-	-	42.79	72.15	-3.054	-13.57	-22.53	-13.6	-	-19.54	-9.465	-4.35	-2.773	-21.29	-14.49	-13.41	-13.8	-7.8	2.2	11.1
Change	-	-	-100%	-	-	68.6%	-	344.19%	66.07%	-39.61%	-100%	-	-51.56%	-54.04%	-36.25%	667.87%	-31.94%	7.46%	-2.89%	43.48%	-	404.55%
Charge d'intérêts ¹	-	-	-	-	-	-0.7368	-0.9895	-0.9387	-1.004	-0.7737	-	-0.838	-0.843	-1.017	-0.76	-0.743	-	-0.63	-0.75	-0.75	-0.75	-0.75
Earnings before Tax (EBT) ¹	-	14.22	-	-	64.25	-55.56	-95.26	-37.17	-90.42	-13.28	-	-22.94	-5.202	-2.437	4.266	-7.345	1.39	-13.94	2.35	6.586	13.85	21.07
Change	-	-	-100%	-	-	-	71.46%	-60.98%	143.27%	-85.31%	-100%	-	-77.33%	-53.15%	-	-	-	-	-	180.2%	110.26%	52.15%
Net income ¹	17.21	14.07	-	-	64.25	-57.98	-95.26	-37.04	-90.01	-14.11	-	-24.55	-6.951	-3.454	3.258	-7.663	1.267	-9.64	2.1	6.336	13.6	20.82
Change	-	-18.26%	-100%	-	-	-	64.32%	-61.12%	143.02%	-84.32%	-100%	-	-71.68%	-50.31%	-	-	-	-	-	201.64%	114.61%	53.11%
Announcement Date	3/1/21	9/23/21	10/1/21	11/16/21	2/14/22	7/20/22	8/16/22	11/15/22	2/20/23	6/29/23	8/10/23	11/10/23	2/12/24	6/24/24	8/12/24	11/12/24	2/11/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: HIVE Digital Technologies Ltd.

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	9/14/20	9/23/21	7/20/22	6/29/23	6/24/24	-	-	-

Estimates

Cash Flow Forecast: HIVE Digital Technologies Ltd.

Fiscal Period: March	2022	2023	2025	2026	2027
CAPEX ¹	200.5	42.83	108.4	489.7	16
Change	-	-78.64%	-	351.76%	-96.73%
Free Cash Flow (FCF) ¹	-	-	-180.5	-591.7	-78.24
Change	-	-	-	227.81%	-86.78%
Announcement Date	7/20/22	6/29/23	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: HIVE Digital Technologies Ltd.

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	81.57%	21.82%	32.75%	36.15%	42.62%	59.17%
EBIT Margin (%)	-	-	101.06%	93.91%	-49.62%	-40.57%	-47.5%	-15.19%	20.56%
EBT Margin (%)	-	-	64.01%	39.14%	-222.1%	-39.33%	-17.52%	-2.79%	17.14%
Net margin (%)	-	-	63.78%	37.99%	-222.37%	-44.73%	-6.78%	-2.19%	13.54%
FCF margin (%)	-	-	-	-	-	-	-154.24%	-239.37%	-14.61%
FCF / Net Income (%)	-	-	-	-	-	-	2,275.3%	10,942.48%	-107.91%
Profitability
ROA	-46.52%	-6.66%	39.84%	15.72%	-24.19%	-10.39%	-	-	-
ROE	-159.26%	-7.73%	54.69%	30.79%	-87.91%	-25.07%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	95.68%	40.28%	-	92.64%	198.12%	2.99%
CAPEX / EBITDA (%)	-	-	-	117.3%	184.58%	-	256.22%	464.87%	5.05%
CAPEX / FCF (%)	-	-	-	-	-	-	-60.06%	-82.77%	-20.45%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
EPS ¹	-	-0.0659	0.7603	1.211	-3.775	-0.7782	-0.0563	-0.1525	0.486
Change	-	-	-1,253.72%	59.24%	-411.81%	-79.39%	-92.77%	170.92%	-418.69%
Nbr of stocks (in thousands)	-	65,429	73,368	81,969	83,912	100,524	155,402	155,402	155,402
Announcement Date	-	9/14/20	9/23/21	7/20/22	6/29/23	6/24/24	-	-	-