October 2026
Largest Data Centers Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Keel Infrastructure, POET Technologies, HIVE Digital Technologies, Digi Power X and Bitzero Holdings.
 | Bitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain. | $4 | -12% | $2.2B | $2.5B | 11.0x | (31.3x) | ||
| POET Technologies Inc is a design and development company offering high-speed optical engines, light source products, and custom optical modules to the artificial intelligence systems market and hyperscale data centers. Its integration solutions are based on the POET Optical Interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing, and sensing applications. The company operates geographically in the United States, Canada, Singapore and China. | $7 | +39% | $1.3B | $506M | 470.7x | (8.5x) | ||
| HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda. | $3 | -42% | $809M | $965M | 3.2x | 35.5x | ||
| Digi Power X Inc is an infrastructure company that develops cutting-edge data centers to drive the expansion of sustainable energy assets. The company focuses on expanding power infrastructure to create a resilient backbone for the future of energy and technology. | $4 | -2% | $432M | $304M | 8.9x | (14.0x) | ||
| Bitzero Holdings Inc is a provider of IT energy infrastructure and high-efficiency power for data centers. It focuses on data center development, Bitcoin mining, and obtaining strategic data center hosting partnerships. The company has four data center locations in the North American and Scandinavian regions, powered by clean, low-carbon energy sources. The company is driven by experience in infrastructure and a passion for positive change to become the international leader in Blockchain mining and HPC hosting in a sustainable fashion that emphasizes the long-term value proposition for all stakeholders. | $4 | -- | $265M | $280M | - | (3580.5x) | ||
| Median | $4 | -7% | $809M | $506M | 9.9x | (14.0x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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