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SPIRIT Blockchain Capital, Inc.
(SPIR)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.02
▲(0.00% Upside)
Action:Reiterated
Date:09/09/26
The score is primarily held down by weak financial performance (unstable/limited revenue, ongoing losses, negative equity, and persistent cash burn). Technicals provide some offset with price above major moving averages and a positive MACD, but short-term momentum looks stretched (Stochastics at 100). Valuation is not supportive given the negative P/E and lack of dividend yield.
Positive Factors
Focused Blockchain Investment Platform
A clearly defined focus on digital assets and blockchain ventures gives SPIR a consistent strategic identity and direct exposure to a specialized ecosystem. This platform orientation can support disciplined opportunity selection across related assets and companies over the medium term.
Negative Factors
No Scalable Revenue Base
An inconsistent revenue base makes operating performance difficult to scale and reduces visibility into recurring earnings capacity. With EBIT and net income negative throughout the reported period, the business remains dependent on investment outcomes or additional resources rather than durable operating revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Blockchain Investment Platform
A clearly defined focus on digital assets and blockchain ventures gives SPIR a consistent strategic identity and direct exposure to a specialized ecosystem. This platform orientation can support disciplined opportunity selection across related assets and companies over the medium term.
Read all positive factors
SPIRIT Blockchain Capital, Inc. (SPIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.95M
Dividend YieldN/A
Average Volume (3M)153.83K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees10
SectorFinancial
Sector Strength70
IndustryFinancial - Conglomerates
Share Statistics
EPS (TTM)0.00
Shares Outstanding196,725,250
10 Day Avg. Volume238,104
30 Day Avg. Volume153,832
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.67
Price to Sales (P/S)0.00
P/FCF Ratio-0.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPIRIT Blockchain Capital, Inc. Business Overview & Revenue Model
Company Description
Spirit Blockchain Capital Inc. operates as a digital asset and blockchain company. It offers holds and invests in a portfolio of crypto-currencies; and provides blockchain and advisory services to third parties. The company mines cryptocurrencies,...
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 revalua...
SPIRIT Blockchain Capital, Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | -33.58K | 112.30K | 0.00 | -52.95K |
| Gross Profit | 0.00 | -20.08K | -33.58K | 112.30K | 0.00 | -52.95K |
| EBITDA | 508.87K | -4.46M | -10.86M | -1.94M | -3.39M | -10.24M |
| Net Income | 503.38K | -4.48M | -11.19M | -1.97M | -3.39M | -10.19M |
Balance Sheet | ||||||
| Total Assets | 451.80K | 230.96K | 1.37M | 1.14M | 738.92K | 4.04M |
| Cash, Cash Equivalents and Short-Term Investments | 307.61K | 50.39K | 929.19K | 375.49K | 295.48K | 1.32M |
| Total Debt | 148.37K | 137.59K | 1.25M | 1.21M | 0.00 | 0.00 |
| Total Liabilities | 1.95M | 2.53M | 2.61M | 2.14M | 646.69K | 278.60K |
| Stockholders Equity | -1.50M | -2.30M | -1.25M | -1.00M | 92.23K | 3.76M |
Cash Flow | ||||||
| Free Cash Flow | -133.26K | -2.80M | -1.95M | -1.06M | -1.54M | -2.58M |
| Operating Cash Flow | -133.26K | -2.80M | -1.92M | -1.06M | -1.24M | -675.75K |
| Investing Cash Flow | 0.00 | 38.60K | 611.52K | 809.35K | 816.78K | -2.13M |
| Financing Cash Flow | 339.97K | 1.91M | 1.88M | 343.08K | 0.00 | 3.41M |
SPIRIT Blockchain Capital, Inc. Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.01
Positive
0.02
Positive
Market Momentum
<0.01
Negative
52.71
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPIR, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPIR.
SPIRIT Blockchain Capital, Inc. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$86.46M | 18.30 | 17.74% | ― | 2798.89% | ― | |
48 Neutral | C$2.95M | -1.08 | 100.55% | ― | ― | ― | |
48 Neutral | C$8.19M | -2.63 | -170.33% | ― | -293.45% | 68.53% | |
41 Neutral | C$11.63M | -0.90 | -42.20% | ― | ― | -24.38% |
* Financial Sector Average
TSE:SPIR
SPIRIT Blockchain Capital, Inc.
0.02
>-0.01
-33.33%
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0.11
<0.01
10.00%
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TSE:HOLD
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SPIRIT Blockchain Capital, Inc. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Spirit Blockchain Capital Settles Service Obligations Through Share Issuance
Positive
Sep 3, 2026
Spirit Blockchain Capital Inc. has settled outstanding service obligations by issuing 4,300,300 common shares at a deemed price of $0.05 per share, for a total value of $215,015. The shares, issued on September 3, 2026, are subject to statutory an...
Business Operations and StrategyFinancial DisclosuresProduct-Related AnnouncementsRegulatory Filings and Compliance
Spirit Blockchain Capital Advances Q2 Reporting and Nears Client-Ready Platform Launch
Positive
Aug 18, 2026
Spirit Blockchain Capital has reported its second-quarter 2026 results, highlighting the filing of interim financial statements and MDA as part of its emphasis on timely disclosure and strong governance. Management reiterated its focus on financia...
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.