HIVE Digital Technologies Ltd.
0.0 %
-1.26 %
Yet to be announced
Company Overview
HIVE Digital Technologies Ltd. (formerly HIVE Blockchain Technologies Ltd.) is a company focused on cryptocurrency mining operations. The company mines digital currencies like Bitcoin and Ethereum using green energy sources in facilities located in Canada, Sweden, and Iceland. HIVE operates advanced data centers and uses high-performance computing equipment for digital mining operations.
The company's business model involves validating transactions on blockchain networks through mining operations, receiving cryptocurrency rewards in return. HIVE emphasizes its use of renewable energy sources for mining operations, positioning itself as an environmentally conscious player in the cryptocurrency mining sector.
Revenue Sources
Based on HIVE's financial statements and business operations, their revenue comes primarily from cryptocurrency mining activities, which involves validating blockchain transactions and receiving crypto assets as rewards. This represents the exchange of actual digital assets and computational services, making it a legitimate business activity rather than gambling or speculation.
The company does not derive income from prohibited sources like interest, alcohol, tobacco, gambling, or adult entertainment. Their mining operations involve providing actual computational services to blockchain networks, which is a halal business activity.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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Reviewing HIVE's financial statements, their interest expenses are primarily related to equipment financing and operational loans. The interest expense ratio remains below significant levels relative to total expenses. The company's core business model is not dependent on interest-based income or financing.
Operational Ethics
After reviewing company documents, press releases, and operational locations, there is no evidence of current material associations with the state of Israel or the Chinese Communist Party. The company's primary operations are in Canada, Sweden, and Iceland, all countries with strong human rights records.
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