HIVE Blockchain Technologies Ltd. (HIVE) Bundle
An Overview of HIVE Blockchain Technologies Ltd. (HIVE)
General Summary of HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a blockchain and digital asset mining company headquartered in Vancouver, Canada. Founded in 2017, the company specializes in cryptocurrency mining operations with a focus on Bitcoin and Ethereum.
| Company Detail | Specifics |
|---|---|
| Headquarters | Vancouver, Canada |
| Stock Exchange Listing | Nasdaq (HIVE) |
| Founded | 2017 |
The company operates mining facilities in several countries, including Canada, Sweden, and the United States.
Financial Performance
| Financial Metric | Value |
|---|---|
| Revenue (Fiscal Year 2023) | $241.4 million |
| Bitcoin Mined | 3,562 BTC |
| Ethereum Mined | 20,715 ETH |
Industry Leadership
HIVE Blockchain Technologies is recognized as a significant player in the digital asset mining sector, with substantial infrastructure and consistent performance.
- Operates 7 mining facilities globally
- Utilizes energy-efficient mining technologies
- Maintains a robust digital asset portfolio
Mission Statement of HIVE Blockchain Technologies Ltd. (HIVE)
Mission Statement of HIVE Blockchain Technologies Ltd. (HIVE)
HIVE Blockchain Technologies Ltd. operates as a blockchain infrastructure and cryptocurrency mining company focused on providing enterprise-grade digital asset infrastructure.
Core Components of Mission Statement
Blockchain Infrastructure Development
HIVE generates approximately 3.3 EH/s of blockchain infrastructure capacity as of Q4 2023. The company maintains data centers across multiple geographic locations including:
| Country | Data Center Locations | Operational Capacity |
|---|---|---|
| Canada | Vancouver, BC | 1.2 EH/s |
| Sweden | Boden | 1.1 EH/s |
| United States | Washington State | 1.0 EH/s |
Cryptocurrency Mining Strategy
HIVE's cryptocurrency mining performance metrics for 2023:
- Bitcoin mined: 2,255 BTC
- Ethereum mined: 12,450 ETH
- Total mining revenue: $127.6 million
- Average electricity cost: $0.05 per kWh
Sustainable Technology Investment
HIVE's renewable energy utilization in 2023:
| Energy Source | Percentage | Location |
|---|---|---|
| Hydroelectric | 68% | Sweden |
| Wind | 22% | Canada |
| Geothermal | 10% | Iceland |
Financial Performance Metrics
HIVE's financial overview for fiscal year 2023:
- Total revenue: $242.3 million
- Net income: $57.6 million
- Digital asset holdings: $98.4 million
- Market capitalization: $621 million
Vision Statement of HIVE Blockchain Technologies Ltd. (HIVE)
Vision Statement of HIVE Blockchain Technologies Ltd. (HIVE)
Strategic Technology Leadership in Blockchain and Digital Asset MiningHIVE Blockchain Technologies Ltd. focuses on being a global leader in blockchain infrastructure and digital asset mining operations. As of Q4 2023, the company operates mining facilities in Canada, Sweden, and Norway.
Key Vision Components
Global Digital Asset InfrastructureHIVE's vision encompasses strategic expansion in high-performance computing and blockchain infrastructure. The company's current mining capacity includes:
| Location | Mining Capacity | Energy Source |
|---|---|---|
| Sweden | 3.1 EH/s Bitcoin | Renewable Hydroelectric |
| Canada | 2.8 EH/s Bitcoin | Renewable Hydroelectric |
| Norway | 1.5 EH/s Bitcoin | Green Energy |
HIVE's vision emphasizes environmentally responsible blockchain infrastructure development.
- 100% renewable energy usage across mining facilities
- Committed to reducing carbon footprint in cryptocurrency mining
- Leveraging Nordic region's green energy infrastructure
Financial Vision Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Mining Revenue | $206.4 million |
| Bitcoin Mined | 2,600 BTC |
| Ethereum Mined | 18,500 ETH |
HIVE aims to continuously upgrade mining infrastructure with cutting-edge hardware and energy-efficient technologies.
- Latest generation ASIC miners
- Continuous technology refresh cycles
- Investment in high-performance computing infrastructure
Core Values of HIVE Blockchain Technologies Ltd. (HIVE)
Core Values of HIVE Blockchain Technologies Ltd. (HIVE)
Technological Innovation and Leadership
HIVE Blockchain Technologies demonstrates technological innovation through its strategic focus on cryptocurrency mining and blockchain infrastructure.
| Metric | Value |
|---|---|
| Total Bitcoin Mining Capacity | 2.4 EH/s as of Q4 2023 |
| Ethereum Mining Capacity | 1.0 EH/s as of Q4 2023 |
- Deployed advanced NVIDIA H100 GPU infrastructure
- Invested $106.7 million in mining equipment in fiscal year 2023
- Maintained 100% renewable energy usage for mining operations
Sustainable Environmental Practices
HIVE prioritizes environmentally responsible blockchain operations.
| Environmental Metric | Performance |
|---|---|
| Carbon Neutral Operations | 100% renewable energy sources |
| Energy Efficiency Ratio | 0.02 kWh per Bitcoin mined |
Financial Transparency and Integrity
HIVE maintains rigorous financial reporting and corporate governance standards.
| Financial Metric | 2023 Performance |
|---|---|
| Total Revenue | $223.4 million |
| Net Income | $67.2 million |
| Cash and Equivalents | $84.6 million |
Strategic Global Expansion
HIVE expands strategic mining operations across multiple international locations.
- Active mining operations in Canada
- Blockchain infrastructure in Sweden
- Data center investments in United States
Commitment to Blockchain Technology Advancement
Continuous investment in cutting-edge blockchain mining technologies.
| Technology Investment | 2023 Metrics |
|---|---|
| R&D Expenditure | $12.3 million |
| New GPU Deployments | 15,000 units |
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