HIVE Digital Technologies Ltd. — financial distress indicators
Financial-health summary
HIVE Digital Technologies Ltd.'s reported numbers place it in the 'Watch' financial-health band (distress score 44/100). The main indicators are consecutive annual losses, deep share-price drawdown and massive shareholder dilution. In its favour: operating cash flow is positive over the latest 12 months.
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Net loss in each of the last two years.
Sustained losses at a lender usually mean credit losses are outrunning provisions — a risk-management failure.
Price is -63% from its 52-week high.
For financial firms a share-price run often precedes a deposit or funding run (confidence channel).
Share count up +57% in a year.
Survival financing: repeated equity raises at depressed prices.
Annualised volatility is 98%.
High equity volatility raises the market-implied default probability.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- Operating cash flow is positive over the latest 12 months.
- Revenue still growing (+158% YoY).
📰 Recent news scan
- HIVE Digital strengthens BuzzHPC board for AI growth - ICYMIYahoo Finance · 2026-09-18
- HIVE's BUZZ HPC lands a new partner to turn its GPU infrastructure into deployed AIYahoo Finance · 2026-09-17
- Why Is HIVE Digital Technologies (TSX:HIVE) Adding Board Firepower To Its AI Push?Yahoo Finance · 2026-09-16
- HIVE subsidiary BUZZ HPC strikes AI infrastructure deal with ProCogiaYahoo Finance · 2026-09-16
- HIVE's BUZZ HPC appoints 50-year capital markets veteran to its boardYahoo Finance · 2026-09-15
- HIVE’s BUZZ HPC strengthens board with capital markets veteran Hubert MarleauYahoo Finance · 2026-09-15
⚖️ U.S. legal pathway — broker-dealer liquidation
- Stockbrokers and commodity brokers cannot reorganise under Chapter 11 (§109(d)); they liquidate under Chapter 7 (subchapters III/IV) or in a SIPA proceeding.
- SIPC protects customer accounts up to $500,000 (including $250,000 cash) for missing customer property — not market losses.
- Net-capital rule (SEC Rule 15c3-1) breaches are the regulatory early warning.
Frequently asked questions
What do HIVE Digital Technologies Ltd.'s financial-health indicators show?
As of 2026-10-08, HIVE Digital Technologies Ltd.'s public financial data places it in the 'Watch' band with a distress score of 44/100, driven by consecutive annual losses, deep share-price drawdown and massive shareholder dilution. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is HIVE Digital Technologies Ltd.'s financial distress score?
44/100 ('Watch').
What works in HIVE Digital Technologies Ltd.'s favour?
Operating cash flow is positive over the latest 12 months. Revenue still growing (+158% YoY).
How are shareholders treated if a company enters insolvency?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
Other Bank & Finance companies with distress indicators
- CaliberCos Inc. (CWD)Very weak 79/100
- loanDepot, Inc. (LDI)Weak 69/100
- Pineapple Financial Inc. (PAPL)Weak 69/100
- TeraWulf Inc. (WULF)Weak 68/100
- SHF Holdings, Inc. (SHFS)Weak 67/100
- Streamex Corp. (STEX)Weak 67/100
Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.