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HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. was founded in 2017 and is publicly listed on the TSX Venture Exchange (HIVE:TSX.V), Nasdaq (HIVE:NASDAQ), and Frankfurt...
HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. was founded in 2017 and is publicly listed on the TSX Venture Exchange (HIVE:TSX.V), Nasdaq (HIVE:NASDAQ), and Frankfurt Stock Exchange. The firm began as a cryptocurrency mining operation, deploying specialized ASIC and GPU computing hardware in facilities in Canada, Sweden, and Iceland, drawing on cheap renewable energy sources. The firm's strategy centers on building and operating large-scale cryptocurrency mining data centers. HIVE holds the digital currencies it mines as long-term treasury assets, rather than immediately converting them to fiat. As of early 2024, HIVE reported a mining fleet efficiency of approximately 30 MW in capacity, with a hash rate of 1.2 exahash per second for Bitcoin mining (per company filings, 2024). The firm mines both Bitcoin and Ethereum, with Ethereum operations shifting post-merge to other proof-of-work chains. Geographic footprint spans North America and Europe, with facilities in New Brunswick, Canada; Sweden; and Iceland. HIVE is one of a handful of publicly traded pure-play cryptocurrency mining firms, alongside peers like Riot Platforms and Marathon Digital Holdings. The firm reported roughly $14 million in revenue for the first quarter of 2024 (per company filings). In May 2024, HIVE completed a $17.2 million equity offering to fund expansion of its mining fleet (per prospectus, May 2024). The company employs roughly 60 people across its mining facilities and corporate offices. A structural differentiator is HIVE's approach to energy sourcing: it deliberately locates mining operations in jurisdictions with abundant renewable energy (hydroelectric in Canada, geothermal in Iceland), framing itself as a "green miner" at a time when Bitcoin's energy use is under regulatory scrutiny. This gives HIVE an environmental narrative that pure-play miners in coal-heavy regions lack.
General information
Firm type
other
Year founded
2017
AUM
Undisclosed
Location
Region
Europe
Country
Canada
City
Vancouver
Corporate office
London, ON, Canada; Vancouver, BC, Canada
Principals
Frank Holmes
Executive Chairman
Aydin Kilic
President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at HIVE Blockchain Technologies?
Executive chairman Frank Holmes and CEO Aydin Kilic lead strategic direction. The firm is publicly traded, so major capital allocation decisions — like fleet expansions or treasury management — require board approval and are disclosed in filings (per company filings).
How does HIVE generate revenue?
HIVE operates large-scale cryptocurrency mining facilities, earning mining rewards in Bitcoin and Ethereum. The firm holds the mined coins as treasury assets, not selling immediately, and reports revenue based on the market value of coins mined (per company financials).
Is HIVE a single family office or an industrial mining company?
HIVE is a publicly traded corporation, not a family office. It operates as a blockchain infrastructure company, akin to an industrial miner for digital assets.
What investment stages does HIVE typically target?
HIVE does not make external equity investments. It invests capital internally into mining hardware, facility construction, and energy contracts.
Which sectors does HIVE explicitly avoid?
HIVE avoids traditional financial services, real estate, venture capital, and any non-cryptocurrency asset classes, per its corporate filings.
How is HIVE related to other cryptocurrency miners?
HIVE competes directly with Riot Platforms and Marathon Digital Holdings as a publicly traded pure-play Bitcoin miner. Unlike many private miners, HIVE's financials are public and subject to regulatory disclosure.
Where does the underlying wealth for operations come from?
HIVE is publicly held, so its capital comes from equity and debt markets via stock offerings and debt issuances, not from family wealth. The firm has raised over $200 million through public offerings since inception (per corporate filings).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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