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SPIRIT Blockchain Capital, Inc. (IMPR) AI Stock Analysis

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TSE:IMPR

SPIRIT Blockchain Capital, Inc.

(CNQX:IMPR)

Select Model
Rating:40Underperform
Price Target:CAD 0.02▲(20.00% Upside)
Action:downgraded
Date:10/08/26

The score is primarily driven by very weak financial performance (persistent losses, negative equity, and ongoing cash burn). Technical indicators add additional pressure due to negative momentum and sub-neutral RSI, while valuation remains unattractive because the company is loss-making and offers no dividend support.

Positive Factors
Blockchain Platform ExposureOperating as a blockchain-focused digital-asset and venture platform gives SPIRIT defined exposure to a developing ecosystem, with flexibility to hold assets, invest in related companies, and pursue blockchain initiatives rather than relying on one operating product.
Negative Factors
Persistent Loss-Making OperationsPersistent EBIT and net losses indicate that the current platform has not established a profitable operating model. The large 2025 loss despite no revenue is especially concerning because it suggests ongoing costs and investment activity are not yet supported by a scalable earnings base.

SPIRIT Blockchain Capital, Inc. (IMPR) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%TSE:IMPR0.00%EWC+21.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 3.93M
Dividend Yield
―
Average Volume (3M)
318.58K
Price to Earnings (P/E)
-1.1
Beta (1Y)
0.94
Revenue Growth
―
EPS Growth
―
Country
Canada
Employees
10
Sector
Financial
Sector Strength
68
Industry
Information Technology Services

SPIRIT Blockchain Capital, Inc. Business Overview & Revenue Model

Company Description

Impauer Technologies, Inc. operates as a development stage company with interest in providing services to Blockchain and digital asset sector. The company was founded on January 19, 2021 and is headquartered in Vancouver, Canada.

How the Company Makes Money

SPIRIT Blockchain Capital, Inc.’s specific, publicly verifiable revenue model and revenue breakdown are null. In general, for a blockchain-focused capital/venture platform, potential sources of earnings can include (i) gains or losses from revaluatio...

SPIRIT Blockchain Capital, Inc. Financial Statement Overview

Summary

Financial profile is very weak: revenue is inconsistent (including periods with no revenue), EBIT and net income are negative in every year provided, and shareholders’ equity is negative from 2023–2025. Operating cash flow and free cash flow are consistently negative (ongoing cash burn), with only modest improvement in 2025 versus 2024; overall this suggests continued reliance on external capital and limited operating traction.

Income Statement

8Very Negative

Balance Sheet

18Very Negative

Cash Flow

12Very Negative

SPIRIT Blockchain Capital, Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Positive
200DMA0.02Positive

Market Momentum

MACD-0.00Negative
RSI45.47Neutral
STOCH11.11Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMPR, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 45.47 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:IMPR.

SPIRIT Blockchain Capital, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

TSE:IMPR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
TSE:DEFITSE:DEFI52NeutralCAD 86.46M9.1917.74%―2819.70%―
TSE:BTCTSE:BTC48NeutralCAD 8.19M-2.63-170.33%―-293.45%68.53%
TSE:HOLDTSE:HOLD41NeutralCAD 11.63M-1.00-42.20%――-24.38%
TSE:IMPRTSE:IMPR40UnderperformCAD 3.93M-1.07100.55%―――

* Financial Sector Average

Performance Comparison

-50%0%50%100%150%TSE:IMPRTSE:BTCTSE:DEFITSE:HOLDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:IMPR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:IMPRSPIRIT Blockchain Capital, Inc.0.02-0.01-20.00%
TSE:BTCBluesky Digital Assets Corp.0.110.0583.33%
TSE:DEFIDefi Technologies Inc0.830.000.00%
TSE:HOLDImmutable Holdings Inc0.150.000.00%

SPIRIT Blockchain Capital, Inc. Corporate Events

Executive/Board ChangesProduct-Related Announcements

Impauer Launches PauerOne Desktop Wallet and Appoints Board Member

Positive
Nov 3, 2026

Impauer Technologies, a digital-finance technology company focused on self-custody and multi-platform applications, launched the PauerOne Wallet V1 desktop app for Windows, macOS, and Chrome OS. The release expands access to the company’s digital-ass...

Business Operations and StrategyProduct-Related Announcements

Impauer launches Google Chrome extension for PauerOne Web3 wallet

Positive
Oct 27, 2026

Impauer Technologies has secured Google Chrome Web Store approval for its flagship non-custodial digital asset wallet, PauerOne Wallet V1, launching a browser extension that brings multi-chain asset management and DeFi access to desktop Web3 users. T...

Business Operations and StrategyProduct-Related Announcements

Impauer Technologies Debuts PauerOne Wallet V1 Across Platforms

Positive
Oct 15, 2026

Impauer Technologies has launched its flagship PauerOne Wallet V1 across Android, web and browser extension platforms, positioning itself as a player in the digital asset wallet market. The product offers a decentralized, self-custodial architecture,...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 08, 2026