HIVE - Underpriced honey compared to IREN, RIOT and every other BTC Miner

I dislike all mining stocks but HIVE is extremely undervalued compared to the competitors which is why I am holding some of the stock.
IREN has been blowing up and is in overvalued territory.

Penny stocks are shares of small companies that typically trade for less than $5 per share and are not listed on major stock exchanges. HIVE is not a penny stock. It is listed on the NASDAQ.

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IREN market cap per EH/S is 229M

MARA market cap per EH/S is 102M

HIVE market cap per EH/S is 43M

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HIVE is adding HPC for AI like all the other miners too.
Currently mining 9 BTC a day and they will be mining 12 a day by the end of the year.
HIVE has a mining margin of 55% because one of their main mining facility is powered by hydro-electric.

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As of June 30, HIVE had 24.6M in cash and 47.3M in BTC.
On September 26, they should have added around 770 BTC since June 30.

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HIVE is aiming for 100m annual revenue in HPC by 2026. They also have their BTC mining operations which will be 12 BTC a day. The market is valuing HIVE at 835m as of Sept. 9, 2025.

RIOT is mining 15.4 BTC a day and is worth 8x HIVE who will be mining 12 BTC a day by the end of the year. HIVE already has HPC revenue and increasing HPC capacity while RIOT is starting to implement HPC.

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The risks with this company and all other BTC mining companies is AI and BTC blowing up and unnecessary dilution. Other than these risks why is HIVE a good or bad stock and is it the best BTC mining stock for value?