HIVE vs BMNR vs IREN Stock Comparison

HIVE Digital Technologies, Bitmine Immersion Technologies and Iren Prices as of Nov 3, 2026 Peers: Industry group
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IREN IREN Ltd
$24.46 -41.4% 1M -63.9% 1Y
Market cap
$6.87B
P/E
–
Revenue (TTM)
$707.01M
Div. yield
–
Crypto Mining Technology
2 wins

Head to Head

7 decided of 12

Bitmine Immersion Technologies leads on 4 of the 12 questions below (Bitmine Immersion Technologies 4, Iren 2, HIVE Digital Technologies 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHIVEBMNRIRENLeader
Larger companyMarket capitalisation $480.58M $12.00B $6.87B BMNR
Cheaper on earningsLower P/E, profitable companies only -1.5x -1.4x -9.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +157.5% +1,022.4% +41.1% BMNR
More profitableNet margin, trailing twelve months -98.5% -14,334.2% -99.4% HIVE
Better return on capitalReturn on invested capital -57.2% — — –
Less leveragedLower net debt / EBITDA 2.0x — -2.7x IREN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -66.4% -52.1% -63.9% BMNR
Better 5-year returnAnnualised price return, 5 years -39.4%/yr — — –
Less volatileAnnualised volatility, 1 year 93.5% 88.7% 106.7% BMNR
Higher overall scoreMean of the five percentile scores vs peers 38/100 36/100 40/100 IREN

Percentile Scorecard

HIVEBMNRIREN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHIVEBMNRIREN
Valuation 57 #43 of 99 17 #82 of 99 47 #53 of 99
Growth 30 #66 of 94 15 #80 of 94 37 #60 of 94
Profitability 32 #62 of 90 11 #80 of 90 36 #58 of 90
Financial Health 64 #39 of 105 99 #2 of 105 46 #57 of 105
Shareholder Returns 8 #57 of 62 – 33 #42 of 62
Overall 38 36 40
  • HIVE ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech
  • IREN ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHIVEBMNRIRENSPY
1 month -39.1%-21.9%-41.4% -2.0%
3 months -37.8%+13.6%-40.1% -2.2%
6 months -36.3%-11.1%-55.3% +4.2%
Year to date -29.8%-24.4%-35.2% +10.6%
1 year -66.4%-52.1%-63.9% +10.4%
3 years -45.8%—+600.9% +73.6%
3 years, per year -18.5%—+91.5% +20.2%
5 years -91.8%—— +61.6%
5 years, per year -39.4%—— +10.1%
10 years +1,710.0%—— +261.3%
10 years, per year +33.6%—— +13.7%

Risk

MeasureHIVEBMNRIRENSPY
Volatility, 1Y 93.5%88.7%106.7% 12.8%
Downside volatility, 1Y 90.4%86.9%102.1% 12.8%
Beta vs S&P 500, 1Y 3.643.814.10 1.00
Return / volatility, 1Y -0.71-0.59-0.60 0.81
Max drawdown, 5Y -94.6%-90.1%-95.7% -25.4%
From 52-week high -66.4%-52.1%-68.0% -3.2%
52-week high $5.38$42.86$76.41 $779.14
52-week low $1.71$13.31$22.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHIVEBMNRIREN
P/E now vs peer median -1.5xmedian 19.2x -1.3xmedian 19.2x -11.0xmedian 19.2x
P/S now vs peer median 1.5xmedian 2.2x 194.5xmedian 2.2x 26.3xmedian 2.2x
EV/EBITDA now vs peer median -3.7xmedian 13.4x -1.3xmedian 13.4x -32.8xmedian 13.4x
P/FCF now vs peer median -4.9xmedian 16.3x -40.4xmedian 16.3x -20.7xmedian 16.3x
P/B now vs peer median 1.2xmedian 1.9x 1.0xmedian 1.9x 4.4xmedian 1.9x
PEG now vs peer median 0.03median 0.89 0.01median 0.89 -1.54median 0.89

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHIVEBMNRIREN
Revenue $331.30M $61.19M $707.01M
Gross profit -$85.83M $51.63M $487.30M
Operating income -$289.12M -$8.88B -$1.05B
Net income -$326.37M -$8.75B -$702.62M
Free cash flow -$100.54M -$294.56M -$897.59M
EPS (diluted) $-1.23 $-19.76 $-2.22
Cash & equivalents $208.04M $340.29M $5.90B
Total debt $30.82M – $7.59B
Shares (diluted) 266.25M 443.95M 316.12M
Enterprise value $212.72M $9.38B -$5.53B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHIVEBMNRIREN
P/E -1.5x -1.3x -11.0x
P/FCF -4.9x -40.4x -20.7x
P/Operating cash flow 8.8x -40.6x 8.9x
P/S 1.5x 194.5x 26.3x
P/B 1.2x 1.0x 4.4x
P/Tangible book 1.2x 16.3x 4.8x
EV/EBITDA -3.7x -1.3x -32.8x
EV/EBIT -1.1x -1.3x -19.4x
EV/Revenue 1.0x 188.9x 28.7x
EV/FCF -3.2x -39.2x -22.6x
EV/Operating cash flow 5.7x -39.4x 9.7x
PEG (3Y EPS CAGR) 0.03 0.01 -1.54

Growth

14 metrics
MetricHIVEBMNRIREN
Revenue growth (1Y) 157.5% 1,022% 41.1%
Revenue CAGR (3Y) 19.9% 409.8% 114.7%
Gross profit growth (1Y) -99.0% 4,925% 42.5%
Gross profit CAGR (3Y) – 915.3% –
Operating income growth (1Y) -343.8% -303,259% -6,141%
Operating income CAGR (3Y) -54.7% -1,575% -89.4%
Net income growth (1Y) -748.7% -245,329% -908.2%
Net income CAGR (3Y) -27.5% -1,536% -66.5%
EPS growth (1Y) -569.8% -507.2% -670.7%
EPS CAGR (3Y) -45.0% -189.0% 7.2%
Operating cash flow growth (1Y) 79.7% -18,616% 754.2%
Operating cash flow CAGR (3Y) 6.9% -465.8% –
Free cash flow growth (1Y) 15.3% -18,922% -174.0%
Free cash flow CAGR (3Y) -77.4% -369.4% –

Profitability

14 metrics
MetricHIVEBMNRIREN
Gross margin -25.9% 84.4% 68.9%
EBITDA margin -26.3% -14,504% -87.6%
Operating margin -87.3% -14,505% -148.0%
Pretax margin -88.0% -14,307% -100.2%
Net margin -98.5% -14,334% -99.4%
FCF margin -30.3% -481.4% -127.0%
Operating cash flow margin 17.0% -479.0% 297.1%
Return on equity -73.6% -81.6% -20.5%
Return on assets -44.8% -81.3% -6.1%
Return on invested capital -57.2% – –
Return on capital employed -45.3% -82.6% -11.2%
Asset turnover 0.4x 0.0x 0.1x
Cash conversion (OCF / net income) -0.2x 0.0x -3.0x
Stock comp / revenue 8.1% 24.6% 29.0%

Financial Health

11 metrics
MetricHIVEBMNRIREN
Debt / assets 3.3% – 48.1%
Debt / equity 0.1x – 1.8x
Net debt / EBITDA 2.0x – -2.7x
Debt / FCF -0.3x – -8.5x
Liabilities / assets 54.3% 0.3% 73.5%
Equity / assets 45.7% 99.7% 26.5%
Interest coverage -121.8x – -17.7x
Current ratio 2.0x 36.7x 3.6x
Quick ratio 1.6x 28.0x 2.7x
Cash ratio 1.5x 28.0x 2.7x
Altman Z-score -0.76 233.47 1.10

Shareholder Returns

7 metrics
MetricHIVEBMNRIREN
Dividend yield – 0.0% –
Net buyback yield -32.1% -104.8% 0.0%
Shareholder yield -32.1% -104.7% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHIVEBMNRIREN
EPS, next fiscal year $-0.87FY2026 $-22.41FY2026 $-1.99FY2027
EPS growth, next FY – -267.4%FY2026 –
Revenue, next fiscal year $388.53MFY2026 $127.50MFY2026 $2.54BFY2027
Revenue growth, next FY +30.5%FY2026 +1,990.2%FY2026 +260.0%FY2027
Revenue growth, the year after +29.6% +380.0% +194.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIVEBMNRIREN
Held by institutions 40.3% 42.6% 55.7%
Institutions holding 192 441 671
Change in shares held, QoQ +41.2% +24.4% +36.8%
Institutions buying 133 278 465
Institutions selling 33 94 138
Buyers to sellers 4.03 2.96 3.37

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HIVEBMNRIREN
HIVE 1.00 0.58 0.67
BMNR 0.58 1.00 0.53
IREN 0.67 0.53 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, HIVE, BMNR and IREN?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: HIVE Digital Technologies (HIVE) $480.58M, Bitmine Immersion Technologies (BMNR) $12.00B, Iren (IREN) $6.87B.

Which company is growing faster?

Bitmine Immersion Technologies (BMNR) grew revenue fastest over the trailing twelve months: HIVE Digital Technologies (HIVE) +157.5%, Bitmine Immersion Technologies (BMNR) +1,022.4%, Iren (IREN) +41.1%.

Which company is more profitable?

HIVE Digital Technologies (HIVE) has the highest net margin (HIVE Digital Technologies (HIVE) -98.5%, Bitmine Immersion Technologies (BMNR) -14,334.2%, Iren (IREN) -99.4%).

Which stock has performed better?

Over the past year Bitmine Immersion Technologies (BMNR) returned the most: HIVE Digital Technologies (HIVE) -66.4%, Bitmine Immersion Technologies (BMNR) -52.1%, Iren (IREN) -63.9%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (HIVE Digital Technologies (HIVE) 93.5%, Bitmine Immersion Technologies (BMNR) 88.7%, Iren (IREN) 106.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HIVE, BMNR and IREN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bitmine Immersion Technologies (BMNR) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.