CEO Clips - HIVE Digital Technologies: Pioneering in Bitcoin and AI after Spot ETF Approval
Investing in Cryptocurrency
There is widespread excitement about the recent approval of the Bitcoin Spot ETF in the United States. Hive, a company involved in Bitcoin mining, has successfully mined over 3200 Bitcoin in 2023 using environmentally friendly energy sources in their data centers located in Sweden, Iceland, and Canada. Currently, Hive holds more than 1700 Bitcoin on its balance sheet and contributes to approximately 1% of the global Bitcoin production. In addition to its involvement in blockchain, Hive is also a provider of AI infrastructure, owning 38,000 data center grade Nvidia GPUs, crucial for modern AI operations. The company has seen significant growth in its AI business, increasing its revenue from a quarter million dollars per quarter to the same amount monthly. The year 2024 is anticipated to be highly promising for both Bitcoin and Hive.
Aydin Kilic - CEO
Mr. Kilic has over 20 years of experience as an entrepreneur and electronic engineer with expertise in cryptocurrency, capital markets, real estate development and scientific research. He founded Fortress Blockchain Corp. in 2017 and led this company as CEO to go public as a Tier 1 Technology Issuer on the TSX-V, raising $30M in the process.
With this experience Mr. Kilic brings the HIVE team his comprehensive understanding of the intersect of cryptocurrency and the Canadian capital markets, public company audit demands and exchange rules, along with the importance of ESG investing. Additionally, as a development executive, Mr. Kilic has received commitments from Canadian banks for over $100M in financing for land rezoning and development projects and has secured over $200M of land acquisition offers, while bringing over $100M of project value to market in BC. Mr. Kilic will lead HIVE in its global expansion and development of data centers, reporting directly to Frank Holmes, Executive Chairman.
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