Hive Blockchain: the silent revolution of sustainable Bitcoin mining and AI

The embargoed conference held a few days ago reveals much more than a simple operational update. Behind the numbers, Nvidia chips, and Megawatts, lies a precise strategy: to transform Hive Blockchain Technologies into one of the most innovative, agile, and sustainable companies in the entire crypto ecosystem and beyond.

From Iceland to Paraguay: the story of Hive Blockchain’s vision

Everything begins in 2017, when the price of Bitcoin (BTC) was around 3,000 dollars. While many operators were still trying to understand its regulatory implications, a visionary entrepreneur was trying to launch a Bitcoin ETF. He failed, not due to a lack of interest, but because of the regulatory limits imposed by KYC (Know Your Customer) and AML (Anti-Money Laundering) at that time.

“I realized that as a miner, I could create ‘virgin’ Bitcoin, without KYC/AML implications. Thus, the idea of Hive Blockchain was born.”

States the CEO Frank Holmes.

This is how the first mining company listed on the Stock Exchange in the world was born, with a model focused from the beginning on sustainability and decentralization. The first plants were started in Iceland, then in Sweden, near Facebook’s data centers, and later in Canada (Quebec, New Brunswick, Montreal). Today, Hive is also active in Paraguay, where it has access to 300 megawatts of renewable hydroelectric power.

Trend of the HIVE stock price since its listing on the stock exchange. Source: investing.com

Record numbers: production, revenue, and value per share

The heart of the announcement, which remained under embargo until today at 12:00, is in the numbers. Hive has doubled its production of Bitcoin in the last three months, increasing from 3 to 6.5 BTC per day, with the goal of reaching 9 BTC/day within six weeks. This pace would make the company responsible for 3% of the entire global hashrate of bitcoin mining!

Financial Projections

Revenues 2023: 115 million dollars

Projected revenues 2025: 450 million dollars

Expected EBITDA: 250 million dollars

Employees: only 25

Potential valuation: over $12/share according to sector multiples

Hive is not only efficient: it is snella, scalabile, and altamente redditizia, with a produttività per dipendente that surpasses that of any other listed miner.

“We operate like a team of Navy SEALs. Other miners move like heavy armies, we are specialized, agile, and focused”,

explains the CEO.

AI as the second engine of growth: from Ethereum to Nvidia

The experience with mining Ethereum allowed Hive to accumulate unique expertise in the use of high-performance GPUs. When Ethereum transitioned to the Proof-of-Stake consensus mechanism, Hive shifted its know-how towards a new horizon: Artificial Intelligence.

“GPU chips are like Ferraris: powerful but delicate. Today we work with Nvidia chips, real Bugattis.”

Currently, Hive is expanding its AI infrastructure with new data centers in Sweden, Montreal, and Toronto, for a total capacity of over 13 megawatts dedicated exclusively to high-performance computing. According to the company, 10 megawatts of AI generate the same revenue as 100 megawatts of mining. An extraordinary efficiency ratio, which justifies the push towards technological diversification.

According to some experts, this could be a growing trend in the coming years. AI is becoming very profitable.

A sustainable and human approach to mining

Contrary to the dominant narrative that says Bitcoin mining is harmful to the environment and unsustainable, Hive presents itself as an alternative model: clean, circular, integrated into the local fabric that does not harm the environment, on the contrary.

Concrete examples:

In Canada, the energy used for mining is recycled to heat industrial buildings, generating a savings of 300,000 dollars for local partners.

In Paraguay, Hive has installed air conditioning systems in schools and street lighting to improve the safety of women in the communities near its facilities.

In Svezia, collaborated with sports and public facilities for the reuse of heat generated by servers.

“Banks do not recycle electricity to heat a building or to help a community. Bitcoin miners do.”

This approach demonstrates that the blockchain can be not only efficient but also ethical and eco-sustainable.

The push of ETFs and the future of Bitcoin

During the conference, a key topic was also addressed: institutional adoption. The introduction of Bitcoin ETFs in the United States, including those by BlackRock, was described as a “game changer” by the CEO.

“With ETFs you can buy Satoshis (fractions of bitcoin) with even just 1,000 dollars. When a Satoshi is worth a cent, Bitcoin will be worth a million.”

Real inflation, he explains, is much higher than the official indices indicate. The CPI (Consumer Price Index) is managed by governments to show lower numbers, but the prices of goods like milk, eggs, gasoline, and electricity have increased well beyond 10-12% in the last five years.

In this context, Bitcoin represents not only a store of value, like gold, but also a tool for protecting purchasing power. And it is precisely on this narrative that Hive builds its strategy: to become a hub of decentralized generation, validation, and computation, integrated into society and the territory.

A global and decentralized vision

Hive is currently listed on the NASDAQ, the Toronto Stock Exchange, and the Frankfurt Stock Exchange, and aims to further expand its international presence. The recent acquisition (mentioned in the conference) of Core Scientific, although not yet officially detailed, suggests an acceleration in market consolidation.

While many large tech companies chase the tokenization of securities and decentralized finance, Hive prefers to build, step by step, a solid and scalable base. A choice that seems to yield tangible results, both economically and reputationally.

“html Conclusion “

Despite deciding to stay away from media spotlights and speculative hype, Hive Blockchain is quietly building a new industrial model for the crypto world: sustainable, high-performing, decentralized, and connected with the real needs of the territories in which it operates.

It does not just do mining of Bitcoin. It reinvents it.