Overview

Profitability = f(
Facility Hash Rate,
Power Consumption,
Coin Price,
Network Hash Rate,
Cost per kWh
)

HIVE currently owns and operates four [data centres] that are the building blocks of blockchain infrastructure. HIVE is currently utilizing our facilities to mine cryptocurrencies, like Ethereum, around the clock. HIVE is dedicated to mitigate our environmental impact and have built our facilities in cool jurisdictions (to mitigate energy on cooling our facilities) with access to low cost green/renewable energy. By mitigating our environmental impact, HIVE is building sustainable operations that will power the blockchain of the present and the future.

HIVE has an exclusive arrangement with Genesis to operate its data centres under a Master Service Agreement. The data centres will be monitored with Genesis Hive, Genesis' proprietary software tool for large-scale mining, to automatically optimize chip temperatures and power consumption for maximal coin production." and " The Genesis partnership equips HIVE with the three key elements needed to power the future of blockchain computing.

Timeline

2017.10.11
2017.10.11

Closes Financing and Acquisition of 2nd Iceland Facility

2017.10.23
2017.10.23

Increases Mining Capacity by 175%

2017.10.25
2017.10.25

Announces Financing and 2nd Facility in Sweden

2017.11.14
2017.11.14

Closes Oversubscribed Financing

2017.12.13
2017.12.13

Announces Financing and Bitcoin Expansion

2017.12.29
2017.12.29

Closes Oversubscribed Financing

2018.01.15
2018.01.15

Announces Commencement of First Phase of Sweden Mining Operations

2018.03.26
2018.03.26

Announces Acquisition of Kolos Norway AS; Potential to access >1.0 GW of electricity

2018.04.03
2018.04.03

Announces Commencement of Second Phase of Sweden Mining Operations

2018.05.01
2018.05.01

Announces Commencement of Third Phase of Sweden Mining Operations

2018.05.22
2018.05.22

Completes Acquisition of Kolos Norway AS

Why Iceland?

  • Mild year round temperatures results in less energy dedicated to cooling our facilities
  • Electricity provided by geothermal or hydro resources to mitigate our environmental footprint

Iceland Cryptocurrency Mining Project

HIVE’s launch transaction involved the acquisition of an initial state-of-the-art blockchain infrastructure facility in Iceland from Genesis Mining Ltd., the world’s largest cloud bitcoin mining company. The facility produces mined cryptocurrency around the clock. Assembly of the facility, which utilizes cutting edge computing components and infrastructure design, was completed in May 2017.

Why Sweden?

  • Stable political system that is actively exploring blockchain opportunities beyond cryptocurrencies
  • Excess green/renewable energy that allows HIVE to mitigate our environmental footprint

HIVE's GPU facilities were completed in April 2018 and are equipped with custom Genesis A2 mining rigs, the leading and most efficient GPU rigs for mining ETHash*. The facilities are powered entirely by hydro electricity and consume total energy of 20.4MW.

Completion Date Cumulative Megawatt Consumption 50403020100 2018 / 01+Sweden 1 10.6 2018 / 03+Sweden 2 17.4 2018 / 04+Sweden 3 24.2 2018 / 09SHA-256 44.2 ASIC

Why Norway?

  • Government actively looking at alternative areas to diversify country risk from fossil fuels
  • Cool jurisdiction with excess green/renewable energy

64-Hectare property provides HIVE with significant expansion opportunities and near term access to an additional 30 MW of capacity