Mission Statement, Vision, & Core Values (2024) of HIVE Blockchain Technologies Ltd. (HIVE)

Mission Statement, Vision, & Core Values (2024) of HIVE Blockchain Technologies Ltd. (HIVE)

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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 Mining

HIVE 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 Infrastructure

HIVE'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
Sustainable Mining Approach

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
Technological Innovation Focus

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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