HIVE vs RIOT vs BMNR Stock Comparison

HIVE Digital Technologies, Riot Platforms and Bitmine Immersion Technologies Prices as of Oct 29, 2026 Peers: Industry group
RIOT Riot Platforms, Inc.
$13.74 -35.8% 1M -38.0% 1Y
Market cap
$4.38B
P/E
–
Revenue (TTM)
$674.51M
Div. yield
–
Crypto Mining Technology
4 wins

Head to Head

8 decided of 12

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

QuestionHIVERIOTBMNRLeader
Larger companyMarket capitalisation $499.22M $4.38B $11.09B BMNR
Cheaper on earningsLower P/E, profitable companies only -1.5x -3.3x -1.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +157.5% +24.5% +1,022.4% BMNR
More profitableNet margin, trailing twelve months -98.5% -196.3% -14,334.2% HIVE
Better return on capitalReturn on invested capital -57.2% — — –
Less leveragedLower net debt / EBITDA 2.0x -0.4x — RIOT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -62.7% -38.0% -56.5% RIOT
Better 5-year returnAnnualised price return, 5 years -34.9%/yr -12.8%/yr — RIOT
Less volatileAnnualised volatility, 1 year 92.5% 86.8% 89.5% RIOT
Higher overall scoreMean of the five percentile scores vs peers 37/100 32/100 28/100 HIVE

Percentile Scorecard

HIVERIOTBMNR

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

AxisHIVERIOTBMNR
Valuation 54 #46 of 99 24 #76 of 99 15 #84 of 99
Growth 30 #66 of 94 17 #78 of 94 15 #80 of 94
Profitability 30 #63 of 90 25 #68 of 90 11 #80 of 90
Financial Health 63 #40 of 105 66 #36 of 105 99 #2 of 105
Shareholder Returns 10 #54 of 60 29 #43 of 60 0 #60 of 60
Overall 37 32 28
  • HIVE ranked among 109 companies in Fintech
  • RIOT ranked among 109 companies in Fintech
  • BMNR ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodHIVERIOTBMNRSPY
1 month -31.2%-35.8%-19.0% +0.7%
3 months -31.0%-37.9%+19.8% +3.7%
6 months -14.1%-20.3%+1.2% +7.1%
Year to date -19.8%+8.4%-20.2% +12.8%
1 year -62.7%-38.0%-56.5% +11.9%
3 years -29.8%+43.0%— +85.2%
3 years, per year -11.1%+12.7%— +22.8%
5 years -88.3%-49.5%— +67.6%
5 years, per year -34.9%-12.8%— +10.9%
10 years +1,970.0%+418.5%— +262.0%
10 years, per year +35.4%+17.9%— +13.7%

Risk

MeasureHIVERIOTBMNRSPY
Volatility, 1Y 92.5%86.8%89.5% 12.7%
Downside volatility, 1Y 88.7%86.6%88.3% 12.6%
Beta vs S&P 500, 1Y 3.593.853.85 1.00
Return / volatility, 1Y -0.68-0.44-0.63 0.94
Max drawdown, 5Y -94.6%-92.6%-90.1% -25.4%
From 52-week high -62.7%-52.1%-56.5% -1.2%
52-week high $5.55$28.69$49.76 $779.14
52-week low $1.75$11.83$13.31 $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.

MultipleHIVERIOTBMNR
P/E now vs peer median -1.7xmedian 19.5x -3.6xmedian 19.5x -1.4xmedian 19.5x
P/S now vs peer median 1.7xmedian 2.2x 7.7xmedian 2.2x 205.2xmedian 2.2x
EV/EBITDA now vs peer median -4.5xmedian 17.8x -5.8xmedian 17.8x -1.4xmedian 17.8x
P/FCF now vs peer median -5.6xmedian 16.1x -6.7xmedian 16.1x -42.6xmedian 16.1x
P/B now vs peer median 1.3xmedian 2.0x 2.4xmedian 2.0x 1.1xmedian 2.0x
PEG now vs peer median 0.04median 0.98 0.08median 0.98 0.01median 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 monthsHIVERIOTBMNR
Revenue $331.30M $674.51M $61.19M
Gross profit -$85.83M $190.60M $51.63M
Operating income -$289.12M -$1.34B -$8.88B
Net income -$326.37M -$1.32B -$8.75B
Free cash flow -$100.54M -$780.27M -$294.56M
EPS (diluted) $-1.23 $-3.81 $-19.76
Cash & equivalents $208.04M $471.38M $340.29M
Total debt $30.82M $843.03M –
Shares (diluted) 266.25M 347.70M 443.95M
Enterprise value $231.36M $3.14B $8.47B

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
MetricHIVERIOTBMNR
P/E -1.7x -3.6x -1.4x
P/FCF -5.6x -6.7x -42.6x
P/Operating cash flow 10.1x -10.5x -42.8x
P/S 1.7x 7.7x 205.2x
P/B 1.3x 2.4x 1.1x
P/Tangible book 1.4x 3.4x 17.2x
EV/EBITDA -4.5x -5.8x -1.4x
EV/EBIT -1.4x -4.1x -1.4x
EV/Revenue 1.2x 8.3x 199.6x
EV/FCF -3.9x -7.1x -41.5x
EV/Operating cash flow 7.0x -11.3x -41.7x
PEG (3Y EPS CAGR) 0.04 0.08 0.01

Growth

14 metrics
MetricHIVERIOTBMNR
Revenue growth (1Y) 157.5% 24.5% 1,022%
Revenue CAGR (3Y) 19.9% 38.0% 409.8%
Gross profit growth (1Y) -99.0% -1.3% 4,925%
Gross profit CAGR (3Y) – 86.0% 915.3%
Operating income growth (1Y) -343.8% -2,845% -303,259%
Operating income CAGR (3Y) -54.7% -84.7% -1,575%
Net income growth (1Y) -748.7% -1,296% -245,329%
Net income CAGR (3Y) -27.5% -87.3% -1,536%
EPS growth (1Y) -569.8% -1,436% -507.2%
EPS CAGR (3Y) -45.0% -46.8% -189.0%
Operating cash flow growth (1Y) 79.7% 3.1% -18,616%
Operating cash flow CAGR (3Y) 6.9% -282.3% -465.8%
Free cash flow growth (1Y) 15.3% -6.8% -18,922%
Free cash flow CAGR (3Y) -77.4% -65.4% -369.4%

Profitability

14 metrics
MetricHIVERIOTBMNR
Gross margin -25.9% 28.3% 84.4%
EBITDA margin -26.3% -141.5% -14,504%
Operating margin -87.3% -199.2% -14,505%
Pretax margin -88.0% -199.2% -14,307%
Net margin -98.5% -196.3% -14,334%
FCF margin -30.3% -115.7% -481.4%
Operating cash flow margin 17.0% -73.0% -479.0%
Return on equity -73.6% -58.6% -81.6%
Return on assets -44.8% -40.1% -81.3%
Return on invested capital -57.2% – –
Return on capital employed -45.3% -46.4% -82.6%
Asset turnover 0.4x 0.2x 0.0x
Cash conversion (OCF / net income) -0.2x 0.4x 0.0x
Stock comp / revenue 8.1% 20.9% 24.6%

Financial Health

11 metrics
MetricHIVERIOTBMNR
Debt / assets 3.3% 25.8% –
Debt / equity 0.1x 0.4x –
Net debt / EBITDA 2.0x -0.4x –
Debt / FCF -0.3x -1.1x –
Liabilities / assets 54.3% 32.8% 0.3%
Equity / assets 45.7% 67.2% 99.7%
Interest coverage -121.8x – –
Current ratio 2.0x 1.6x 36.7x
Quick ratio 1.6x 1.2x 28.0x
Cash ratio 1.5x 1.0x 28.0x
Altman Z-score -0.67 0.96 246.51

Shareholder Returns

7 metrics
MetricHIVERIOTBMNR
Dividend yield – – 0.0%
Net buyback yield -28.0% -1.6% -99.3%
Shareholder yield -28.0% -1.6% -99.2%
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.

ConsensusHIVERIOTBMNR
EPS, next fiscal year $-0.87FY2026 $-2.77FY2026 $-22.41FY2026
EPS growth, next FY – – -267.4%FY2026
Revenue, next fiscal year $388.53MFY2026 $696.86MFY2026 $127.50MFY2026
Revenue growth, next FY +30.5%FY2026 +7.6%FY2026 +1,990.2%FY2026
Revenue growth, the year after +29.6% +16.6% +380.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHIVERIOTBMNR
Held by institutions 40.3% 83.4% 42.5%
Institutions holding 191 448 439
Change in shares held, QoQ +41.2% +12.5% +24.4%
Institutions buying 132 258 277
Institutions selling 33 133 93
Buyers to sellers 4.00 1.94 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.

HIVERIOTBMNR
HIVE 1.00 0.73 0.57
RIOT 0.73 1.00 0.57
BMNR 0.57 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HIVE, RIOT and BMNR?

Bitmine Immersion Technologies (BMNR) is the largest by market capitalisation: HIVE Digital Technologies (HIVE) $499.22M, Riot Platforms (RIOT) $4.38B, Bitmine Immersion Technologies (BMNR) $11.09B.

Which company is growing faster?

Bitmine Immersion Technologies (BMNR) grew revenue fastest over the trailing twelve months: HIVE Digital Technologies (HIVE) +157.5%, Riot Platforms (RIOT) +24.5%, Bitmine Immersion Technologies (BMNR) +1,022.4%.

Which company is more profitable?

HIVE Digital Technologies (HIVE) has the highest net margin (HIVE Digital Technologies (HIVE) -98.5%, Riot Platforms (RIOT) -196.3%, Bitmine Immersion Technologies (BMNR) -14,334.2%).

Which stock has performed better?

Over the past year Riot Platforms (RIOT) returned the most: HIVE Digital Technologies (HIVE) -62.7%, Riot Platforms (RIOT) -38.0%, Bitmine Immersion Technologies (BMNR) -56.5%. Over five years, Riot Platforms (RIOT) compounded fastest (HIVE Digital Technologies (HIVE) -34.9%/yr, Riot Platforms (RIOT) -12.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Riot Platforms (RIOT) has been the steadiest (HIVE Digital Technologies (HIVE) 92.5%, Riot Platforms (RIOT) 86.8%, Bitmine Immersion Technologies (BMNR) 89.5%). Volatility measures how widely the price swings, not the risk of the business.

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

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