HIVE vs BMNR vs KEEL Stock Comparison

HIVE Digital Technologies, Bitmine Immersion Technologies and Keel Infrastructure Prices as of Oct 29, 2026 Peers: Industry group

Head to Head

9 decided of 12

Keel Infrastructure leads on 4 of the 12 questions below (Keel Infrastructure 4, Bitmine Immersion Technologies 3, HIVE Digital Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHIVEBMNRKEELLeader
Larger companyMarket capitalisation $567.75M $12.56B $1.42B BMNR
Cheaper on earningsLower P/E, profitable companies only -1.7x -1.4x -3.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +157.5% +1,022.4% -1.9% BMNR
More profitableNet margin, trailing twelve months -98.5% -14,334.2% -230.6% HIVE
Better return on capitalReturn on invested capital -57.2% — -31.0% KEEL
Less leveragedLower net debt / EBITDA 2.0x — -5.3x KEEL
Higher dividend yieldTrailing dividend yield — 0.05% — –
Better 1-year returnPrice return, last 12 months -62.7% -56.5% -45.8% KEEL
Better 5-year returnAnnualised price return, 5 years -34.9%/yr — -14.7%/yr KEEL
Less volatileAnnualised volatility, 1 year 92.5% 89.5% 102.0% BMNR
Higher overall scoreMean of the five percentile scores vs peers 37/100 28/100 15/100 HIVE

Percentile Scorecard

HIVEBMNRKEEL

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

AxisHIVEBMNRKEEL
Valuation 54 #46 of 99 15 #84 of 99 9 #90 of 99
Growth 30 #66 of 94 15 #80 of 94 12 #83 of 94
Profitability 30 #63 of 90 11 #80 of 90 18 #74 of 90
Financial Health 63 #40 of 105 99 #2 of 105 17 #87 of 105
Shareholder Returns 10 #54 of 60 0 #60 of 60 19 #49 of 60
Overall 37 28 15
  • HIVE ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech
  • KEEL ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodHIVEBMNRKEELSPY
1 month -31.2%-19.0%-35.5% +0.7%
3 months -31.0%+19.8%-43.0% +3.7%
6 months -14.1%+1.2%-23.8% +7.1%
Year to date -19.8%-20.2%-1.7% +12.8%
1 year -62.7%-56.5%-45.8% +11.9%
3 years -29.8%—+113.9% +85.2%
3 years, per year -11.1%—+28.9% +22.8%
5 years -88.3%—-54.9% +67.6%
5 years, per year -34.9%—-14.7% +10.9%
10 years +1,970.0%—— +262.0%
10 years, per year +35.4%—— +13.7%

Risk

MeasureHIVEBMNRKEELSPY
Volatility, 1Y 92.5%89.5%102.0% 12.7%
Downside volatility, 1Y 88.7%88.3%100.4% 12.6%
Beta vs S&P 500, 1Y 3.593.854.17 1.00
Return / volatility, 1Y -0.68-0.63-0.45 0.94
Max drawdown, 5Y -94.6%-90.1%-95.7% -25.4%
From 52-week high -62.7%-56.5%-65.3% -1.2%
52-week high $5.55$49.76$6.66 $779.14
52-week low $1.75$13.31$1.71 $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.

MultipleHIVEBMNRKEEL
P/E now vs peer median -1.7xmedian 19.5x -1.4xmedian 19.5x -3.2xmedian 19.5x
P/S now vs peer median 1.7xmedian 2.2x 205.2xmedian 2.2x 7.6xmedian 2.2x
EV/EBITDA now vs peer median -4.5xmedian 17.8x -1.4xmedian 17.8x -12.6xmedian 17.8x
P/FCF now vs peer median -5.6xmedian 16.1x -42.6xmedian 16.1x -4.2xmedian 16.1x
P/B now vs peer median 1.3xmedian 2.0x 1.1xmedian 2.0x 4.3xmedian 2.0x
PEG now vs peer median 0.04median 0.98 0.01median 0.98 1.53median 0.98

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 monthsHIVEBMNRKEEL
Revenue $331.30M $61.19M $188.14M
Gross profit -$85.83M $51.63M -$128.35M
Operating income -$289.12M -$8.88B -$364.52M
Net income -$326.37M -$8.75B -$433.84M
Free cash flow -$100.54M -$294.56M -$342.13M
EPS (diluted) $-1.23 $-19.76 $-0.72
Cash & equivalents $208.04M $340.29M –
Total debt $30.82M – $1.03B
Shares (diluted) 266.25M 443.95M 605.37M
Enterprise value $299.89M $9.94B $1.42B

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
MetricHIVEBMNRKEEL
P/E -1.7x -1.4x -3.2x
P/FCF -5.6x -42.6x -4.2x
P/Operating cash flow 10.1x -42.8x -5.7x
P/S 1.7x 205.2x 7.6x
P/B 1.3x 1.1x 4.3x
P/Tangible book 1.4x 17.2x 7.3x
EV/EBITDA -4.5x -1.4x -12.6x
EV/EBIT -1.4x -1.4x -6.7x
EV/Revenue 1.2x 199.6x 13.0x
EV/FCF -3.9x -41.5x -7.2x
EV/Operating cash flow 7.0x -41.7x -9.8x
PEG (3Y EPS CAGR) 0.04 0.01 1.53

Growth

14 metrics
MetricHIVEBMNRKEEL
Revenue growth (1Y) 157.5% 1,022% -1.9%
Revenue CAGR (3Y) 19.9% 409.8% 14.4%
Gross profit growth (1Y) -99.0% 4,925% -692.0%
Gross profit CAGR (3Y) – 915.3% -131.4%
Operating income growth (1Y) -343.8% -303,259% -435.7%
Operating income CAGR (3Y) -54.7% -1,575% -32.1%
Net income growth (1Y) -748.7% -245,329% -663.3%
Net income CAGR (3Y) -27.5% -1,536% -87.1%
EPS growth (1Y) -569.8% -507.2% -1,659%
EPS CAGR (3Y) -45.0% -189.0% -2.1%
Operating cash flow growth (1Y) 79.7% -18,616% 4.9%
Operating cash flow CAGR (3Y) 6.9% -465.8% -21.7%
Free cash flow growth (1Y) 15.3% -18,922% 53.5%
Free cash flow CAGR (3Y) -77.4% -369.4% 3.0%

Profitability

14 metrics
MetricHIVEBMNRKEEL
Gross margin -25.9% 84.4% -68.2%
EBITDA margin -26.3% -14,504% -103.1%
Operating margin -87.3% -14,505% -193.7%
Pretax margin -88.0% -14,307% -199.2%
Net margin -98.5% -14,334% -230.6%
FCF margin -30.3% -481.4% -181.9%
Operating cash flow margin 17.0% -479.0% -133.1%
Return on equity -73.6% -81.6% -116.0%
Return on assets -44.8% -81.3% -35.0%
Return on invested capital -57.2% – -31.0%
Return on capital employed -45.3% -82.6% -30.7%
Asset turnover 0.4x 0.0x 0.2x
Cash conversion (OCF / net income) -0.2x 0.0x 0.6x
Stock comp / revenue 8.1% 24.6% 11.0%

Financial Health

11 metrics
MetricHIVEBMNRKEEL
Debt / assets 3.3% – 72.5%
Debt / equity 0.1x – 3.1x
Net debt / EBITDA 2.0x – -5.3x
Debt / FCF -0.3x – -3.0x
Liabilities / assets 54.3% 0.3% 76.8%
Equity / assets 45.7% 99.7% 23.2%
Interest coverage -121.8x – -22.6x
Current ratio 2.0x 36.7x 16.3x
Quick ratio 1.6x 28.0x –
Cash ratio 1.5x 28.0x –
Altman Z-score -0.67 246.51 -0.03

Shareholder Returns

7 metrics
MetricHIVEBMNRKEEL
Dividend yield – 0.0% –
Net buyback yield -28.0% -99.3% -6.4%
Shareholder yield -28.0% -99.2% -6.4%
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.

ConsensusHIVEBMNRKEEL
EPS, next fiscal year $-0.87FY2026 $-22.41FY2026 $-0.50FY2026
EPS growth, next FY – -267.4%FY2026 –
Revenue, next fiscal year $388.53MFY2026 $127.50MFY2026 $95.91MFY2026
Revenue growth, next FY +30.5%FY2026 +1,990.2%FY2026 -58.2%FY2026
Revenue growth, the year after +29.6% +380.0% -13.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIVEBMNRKEEL
Held by institutions 40.3% 42.5% 64.3%
Institutions holding 191 439 283
Change in shares held, QoQ +41.2% +24.4% +68.6%
Institutions buying 132 277 283
Institutions selling 33 93 0
Buyers to sellers 4.00 2.98 –

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.

HIVEBMNRKEEL
HIVE 1.00 0.57 0.77
BMNR 0.57 1.00 0.55
KEEL 0.77 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HIVE, BMNR and KEEL?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: HIVE Digital Technologies (HIVE) $567.75M, Bitmine Immersion Technologies (BMNR) $12.56B, Keel Infrastructure (KEEL) $1.42B.

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%, Keel Infrastructure (KEEL) -1.9%.

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%, Keel Infrastructure (KEEL) -230.6%). On return on invested capital, Keel Infrastructure (KEEL) leads (HIVE Digital Technologies (HIVE) -57.2%, Keel Infrastructure (KEEL) -31.0%).

Which stock has performed better?

Over the past year Keel Infrastructure (KEEL) returned the most: HIVE Digital Technologies (HIVE) -62.7%, Bitmine Immersion Technologies (BMNR) -56.5%, Keel Infrastructure (KEEL) -45.8%. Over five years, Keel Infrastructure (KEEL) compounded fastest (HIVE Digital Technologies (HIVE) -34.9%/yr, Keel Infrastructure (KEEL) -14.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bitmine Immersion Technologies (BMNR) 0.05%. HIVE Digital Technologies (HIVE) and Keel Infrastructure (KEEL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (HIVE Digital Technologies (HIVE) 92.5%, Bitmine Immersion Technologies (BMNR) 89.5%, Keel Infrastructure (KEEL) 102.0%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Keel Infrastructure (KEEL) 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.