Applied Digital vs HIVE Digital Technologies
Both are primarily Data Center Operators (Colo) companies. Applied Digital is larger by market cap ($7.6B vs $820M). Applied Digital reports higher tracked revenue ($611M vs $298M).
Shared segment: AI & Data Center.
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Side-by-side
| Applied Digital | HIVE Digital Technologies | |
|---|---|---|
| Market cap | $7.6B | $820M |
| Revenue | $611M (FY2026) | $298M (FY2026) |
| Primary segment | Data Center Operators (Colo) | Data Center Operators (Colo) |
| Market position | challenger | niche |
| Country | United States | Canada |
| Tracked suppliers | 7 | 7 |
| Tracked customers | 5 | 5 |
| Chokepoint / criticality | 7/100 | 6/100 |
Market caps/revenue from the wafergraph dataset · data as of 2026-10-04. Criticality is a graph-derived chokepoint score (0–100). Coverage is partial; "Unpriced" means no reliable market cap.
How Applied Digital and HIVE Digital Technologies compare
- Size: Applied Digital is the larger company by market cap.
- Revenue: Applied Digital reports higher tracked revenue.
- Supply-chain criticality: Applied Digital has the higher chokepoint score (7/100 vs 6/100).
- Footprint: Applied Digital (United States) vs HIVE Digital Technologies (Canada).
Company hubs
Applied Digital · HIVE Digital Technologies · AI & Data Center segment
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Cite as: wafergraph, “Applied Digital vs HIVE Digital Technologies”, https://wafergraph.com/compare/applied_digital-vs-hive_digital (data as of 2026-10-04).
Frequently asked questions3
- Is Applied Digital bigger than HIVE Digital Technologies?
- Applied Digital is larger by market cap ($7.6B vs $820M).
- What's the difference between Applied Digital and HIVE Digital Technologies?
- Applied Digital is a challenger in Data Center Operators (Colo) based in United States; HIVE Digital Technologies is a niche in Data Center Operators (Colo) based in Canada. Both operate in the AI & Data Center segment.
- Who are Applied Digital's and HIVE Digital Technologies's suppliers?
- wafergraph tracks 7 suppliers for Applied Digital and 7 for HIVE Digital Technologies; HIVE Digital Technologies's include Dell Technologies.