About HIVE Digital Technologies
HIVE Digital Technologies is a company based in Vancouver (Canada) founded in 2023.. HIVE Digital Technologies has raised $21.78 million across 1 funding round from investors including Sprott Asset Management. HIVE Digital Technologies has completed 1 acquisition, including Bitfarms. HIVE Digital Technologies offers products and services including Data Centers, Bitcoin Mining Services, and High-Performance Computing. HIVE Digital Technologies operates in a competitive market with competitors including Vantage Data Centers, Princeton Digital Group, Etix Everywhere, Digital Realty and NxtGen Datacenter, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Phone
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Website
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- Legal Name Hive Digital Technologies Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.78 M (USD)
in 1 rounds
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Latest Funding Round
$21.78 M (USD), Series B
Dec 28, 2023
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of HIVE Digital Technologies
HIVE Digital Technologies offers a comprehensive portfolio of products and services, including Data Centers, Bitcoin Mining Services, and High-Performance Computing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilities for hosting Bitcoin mining and AI computing operations.
Operations for Bitcoin production using efficient energy sources.
Platforms supporting AI and HPC applications with proprietary software.
Funding Insights of HIVE Digital Technologies
HIVE Digital Technologies has successfully raised a total of $21.78M through 1 strategic funding round. The most recent funding activity was a Series B round of $21.78 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $21.8M
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First Round
First Round
(28 Dec 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Series B - HIVE Digital Technologies | Valuation | Sprott Asset Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HIVE Digital Technologies
HIVE Digital Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sprott Asset Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment management services are offered via Eric Sprott's family office.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HIVE Digital Technologies
HIVE Digital Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bitfarms. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cryptocurrency cloud mining solutions are provided via blockchain infrastructure.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HIVE Digital Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hive Digital Technologies Comparisons
Competitors of HIVE Digital Technologies
HIVE Digital Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vantage Data Centers, Princeton Digital Group, Etix Everywhere, Digital Realty and NxtGen Datacenter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers scalable data centers for hyperscalers, cloud providers, and large enterprises globally.
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| domain | founded_year | HQ Location |
Data center design services are provided by Princeton Digital Group.
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| domain | founded_year | HQ Location |
Data center design services are provided by Etix Everywhere.
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| domain | founded_year | HQ Location |
Data center colocation and interconnection services are provided to enterprises.
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| domain | founded_year | HQ Location |
Data centers and cloud solutions are provided for various industries.
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| domain | founded_year | HQ Location |
Data centre services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hive Digital Technologies
Frequently Asked Questions about HIVE Digital Technologies
When was HIVE Digital Technologies founded?
HIVE Digital Technologies was founded in 2023.
Where is HIVE Digital Technologies located?
HIVE Digital Technologies is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of HIVE Digital Technologies?
Aydin Kilic is the current CEO of HIVE Digital Technologies.
Is HIVE Digital Technologies a funded company?
HIVE Digital Technologies is a funded company, having raised a total of $21.78M across 1 funding round to date. The company's 1st funding round was a Series B of $21.78M, raised on Dec 28, 2023.
What does HIVE Digital Technologies do?
HIVE Digital Technologies Ltd. was founded in 2023 and is headquartered in Vancouver, Canada. Data centers are built and operated across North America and Europe to support blockchain and digital transformation initiatives. Infrastructure solutions are provided for Web3 ecosystems and AI applications, with a focus on enabling projects in these sectors. Operations emphasize reliable hosting for emerging technologies.
Who are the top competitors of HIVE Digital Technologies?
HIVE Digital Technologies's top competitors include Princeton Digital Group, Nxtra and Digital Realty.
What products or services does HIVE Digital Technologies offer?
HIVE Digital Technologies offers Data Centers, Bitcoin Mining Services, and High-Performance Computing.
How many acquisitions has HIVE Digital Technologies made?
HIVE Digital Technologies has made 1 acquisition, including Bitfarms.
Who are HIVE Digital Technologies's investors?
HIVE Digital Technologies has 1 investor. Key investors include Sprott Asset Management.
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