HIVE Digital Technologies Ltd.
HIVE.US | Data processing, hosting and related activities
HIVE Digital Technologies Ltd. is a cryptocurrency mining company focused on the mining of digital currencies like Bitcoin and Ethereum. They utilize green energy sources to power their mining operations, aiming for sustainable and environmentally conscious practices. The company operates data cente...Show More
Better Health for All
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No evidence available to assess HIVE Digital Technologies Ltd on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess HIVE Digital Technologies Ltd on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
-40
HIVE.US has an overall employee rating of 3.1 out of 5 stars based on 44 reviews, which is lower than the Information Technology industry average of 3.9 stars.
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This translates to an engagement score of approximately 62/100. Employee reviews mention high turnover, particularly in sales, linked to an unsustainable work culture, with turnover around 60-70%. Reviews explicitly mention illegal labor practices, including forced overtime during peak periods, and concerns about the company's treatment of employees' legally protected rights to form a workers' council.
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These constitute five significant labor-law breaches documented in past three years.
Fair Trade & Ethical Sourcing
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No evidence available to assess HIVE Digital Technologies Ltd on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-40
HIVE Digital Technologies Ltd. has a formal whistleblower policy, last approved in October 2017, which applies to all directors, officers, employees, consultants, and contractors.
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It prohibits retaliation against whistleblowers and provides reporting channels via email or mail to the Corporate Governance Committee Chairman.
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However, there is no evidence of independent investigation processes for these reports. The company restated its financial statements once on October 25, 2021, due to a US$5.0 million overstatement of profit from an incorrect mark-to-market valuation of Ethereum investments for the interim periods ended June 30, 2021 and 2020.
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HIVE also has an anti-bribery and anti-corruption policy that applies to all personnel, explicitly prohibiting bribery, extortion, kickbacks, and facilitation payments.
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It requires compliance certifications from key personnel and mandates reporting of violations.
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However, the policy lacks specific details on the frequency or effectiveness metrics of its training programs.
Kind to Animals
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No evidence available to assess HIVE Digital Technologies Ltd on Kind to Animals.
No War, No Weapons
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HIVE.US has been awarded a two-year contract by the Department of Defense (DoD) for deepfake detection technology.
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However, the provided articles do not contain any specific quantitative data regarding the percentage of company revenue derived from this or any other defense contract. While the deepfake detection technology could be considered dual-use, there is no information on the scope of R&D investment in such technologies or the existence of ethical safeguards for AI systems with potential military uses.
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Furthermore, the articles do not provide any details on sales to embargoed regimes, peacebuilding initiatives, conflict divestment policies, or any other metrics relevant to the 'No War, No Weapons' ethical value.
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Consequently, there is insufficient evidence to score any of the KPIs against the rubric.
Planet-Friendly Business
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No evidence available to assess HIVE Digital Technologies Ltd on Planet-Friendly Business.
Respect for Cultures & Communities
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No specific, concrete data points were found across the provided articles to assess HIVE Digital Technologies Ltd. against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles primarily focus on financial performance, corporate governance, and operational expansion, with no explicit mention of formal partnerships with local or indigenous communities, community investment percentages, cultural incident records, impact assessment protocols, local employment ratios, grievance mechanisms, or any other metrics related to cultural and community respect. A statement about aiming to hire locally is not a quantifiable ratio of current local employment.
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Safe & Smart Tech
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The company's privacy policy states that users can access, correct, and delete their data, with a 30-day response time for such requests.
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It also mentions that data is retained only as long as necessary, but does not specify concrete retention periods.
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The company states compliance with GDPR, CCPA, and other relevant data protection regulations.
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Hive Digital also states a commitment to ethical AI use, actively monitoring outputs to minimize bias and inaccuracies, and emphasizes human oversight.
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They also state transparency with clients about AI usage and secure handling of client data, ensuring sensitive information is not exposed to public AI systems.
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A commitment to privacy principles is mentioned, and the company aims to minimize bias and inaccuracies in AI outputs.
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Zero Waste & Sustainable Products
-40
HIVE Digital Technologies has implemented two waste reduction initiatives: re-using discarded cardboard as "honeycomb" filling material for packaging, and minimizing paper usage by moving to primarily digital communication.
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No other specific, quantifiable data related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging to product ratio, waste reduction targets, supplier waste requirements, or customer waste education was provided in the articles.