July 2026
Largest Crypto & Web3 Platforms Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
WonderFi, DeFi Technologies, DMG Blockchain Solutions, Neptune Digital Assets and Intellistake Technologies.
 | WonderFi Technologies Inc is a technology company with the mission of creating digital access through its platforms. It operates in three segments: Trading, Payments, and Corporate. The Trading segment, comprising Bitbuy, Coinsquare, and CoinSmart crypto exchange platforms, generates the majority of the company’s revenue. | $0 | +2% | $173M | $155M | - | - | ||
| DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and leading protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation. | $0 | -84% | $164M | $25M | 0.3x | 0.4x | ||
| DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives maximum revenue from digital currency mining, and the rest from software licensing, the sale of mining equipment, set-up and hosting fees, and others. | $0 | -- | $72M | $85M | 2.5x | 8.9x | ||
| Neptune Digital Assets Corp is engaged in developing, owning, and operating infrastructure for the digital currency ecosystem. Its core assets are digital currencies, and its main business activities include Bitcoin mining, blockchain staking, and node management to generate digital currency rewards, as well as participation in decentralized finance (DeFi) activities. Additionally, the company engages in cash lending with the objective of earning interest. The company operates in Canada and the United States. The majority of the company's bitcoin mining revenue is derived from Canada. | $0 | -54% | $53M | $48M | 36.8x | 47.4x | ||
| Intellistake Technologies Corp is a technology company that is focused on decentralized artificial intelligence and engaging in operations across the blockchain ecosystem, including proof-of-stake mining, blockchain nodes, digital tokens and validators. | $0 | -55% | $52M | $50M | - | (34.1x) | ||
| Sol Strategies Inc is engaged in investing in blockchain technologies and crypto currencies. Company executes its Investment Objective through three lines of effort: Treasury management: Maintaining a core portfolio of cryptocurrencies for long-term growth, enhanced with risk management strategies to minimize volatility, and generating yield through lending, staking, and liquidity provisioning; Private equity focused on early stage companies in the DeFi and blockchain sectors; and Active investments to generate yield through strategic activities, including Bitcoin mining and stalking and validating Solana. | $1 | -85% | $41M | $71M | 7.0x | (3.2x) | ||
| LQWD Technologies Corp is developing software, which enables the setup of nodes and payment channels on the Bitcoin Lightning Network. The Lightning Network is a layer two technology that dramatically improves Bitcoin's scalability, transaction fees, and settlement times. | $0 | -72% | $16M | $14M | 661.8x | (2.9x) | ||
| BitRush Corp is currently looking to adopt a new business plan or an acquisition. | $0 | -- | $6M | $6M | - | (64.3x) | ||
| Blockmate Ventures Inc is a Web3 incubator/venture creator focusing on clean energy and blockchain technology, and decentralization businesses to provide greater utility, accessibility, and sustainability around everyday services. | PE & VC+1 | $0 | -60% | $6M | $11M | - | (2.1x) | |
| Median | $0 | -60% | $52M | $48M | 7.0x | (2.5x) |
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