Xive
XIVE was a private Bitcoin mining company that operated industrial-scale ASIC farms in Houston, Astana, and Kyoto and sold fractional farm shares to retail investors starting at $50 via xive.io, charging a 20% management fee on net profits with daily BTC payouts. Mining operations ceased in late 2024 due to unprofitable electricity rates.
- Company typePrivate
- Founded2018
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Xive does
XIVE was a privately held Bitcoin mining company founded in 2018 by Didar Bekbauov and Olzhas Kemalov, headquartered in Houston, Texas, with offices in Dubai (UAE), Texas (USA), and Astana (Kazakhstan). It operated industrial-scale ASIC mining facilities using Whatsminer M50, Antminer S19XP, Antminer S19J PRO, and Antminer S19 Pro hardware, and at peak claimed five farms with roughly 20,000 ASICs and a combined hashrate of approximately 17.25 PH/s across sites in Houston, Astana, and Kyoto. Its core product was a group-mining farm share, sold via a self-serve web platform at xive.io, which let retail investors buy fractional ownership in a professionally managed farm for as little as $50, receive automated daily BTC payouts, and benefit from wholesale electricity rates (~ $0.06/kWh) and equipment procured at cost.
Xive firmographics
Firmographics- Name
- Xive
- Legal name
- XIVE
- Website
- https://xive.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- XIVE was a private Bitcoin mining company that operated industrial-scale ASIC farms in Houston, Astana, and Kyoto and sold fractional farm shares to retail investors starting at $50 via xive.io, charging a 20% management fee on net profits with daily BTC payouts. Mining operations ceased in late 2024 due to unprofitable electricity rates.
- Ownership category
- akta.pro rank
Xive industry classification
Industry- Product category
- Bitcoin Mining Services
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Mining Hardware (ASIC/GPU) Manufacturing & Distribution (FSADAOAD)
Keywords
Where Xive is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Xive business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Management Fee (20% of Net Profit): XIVE charges a 20% management fee from investors' net mining profit. This aligns the company's success with investors' success. The fee covers wholesale electricity procurement, mining equipment at cost price, and expert team expertise in optimal equipment placement and maintenance.
- Equipment Resale Revenue: When mining equipment becomes outdated and unprofitable, it is sold at market price and profits are distributed proportionally among shareholders.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Group Mining Farm Shares starting at $50 |
| Transaction based/ take rate | Monthly | 20% Management Fee |
| Subscription | Monthly | Electricity Prepayment (60 days) |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels8 records
Xive product offering
Product offeringCore offering
Xive operates a group Bitcoin mining farm platform that enables retail investors to purchase shares (starting at $50) of professionally managed Bitcoin mining farms composed of 40-100 ASIC miners each. The company builds, operates, and maintains the mining farms at wholesale electricity rates, charges a 20% management fee from net mining profits, and distributes automated daily BTC payouts to shareholders. Active farms include Houston (USA), Astana (Kazakhstan), and Kyoto.
Product overview
Xive operates a unified Group Mining Farm platform that enables retail investors to participate in industrial-scale Bitcoin mining. The core offering is the Group Mining Farm product, where investors purchase shares (starting at $50) of professionally managed mining facilities equipped with 40-100 ASIC miners. Xive builds, operates, and monitors these farms at wholesale electricity rates, charging a 20% management fee on net profits. Currently offering three mining farms: Houston (USA), Astana (Kazakhstan), and Kyoto. The platform provides daily automated BTC payouts, 24/7 maintenance, and equipment access at cost price. Mining farms use industry-standard ASIC hardware including Antminer (Bitmain), Whatsminer (MicroBT), and Avalon (Canaan) devices. The company has been mining Bitcoin since 2018 and operates five facilities with approximately 20,000 ASIC miners combined.
Differentiator
Problem solved
Functional benefit
Brands
- Group Mining Farm: A group mining platform that allows investors to buy shares of Bitcoin mining farms, starting from $50, with daily mining income payouts in BTC. Xive operates the farms and charges a 20% management fee from net profit.
Products and services
- Group Mining Farm Xive's main product offering allowing investors to purchase shares (starting from $50) of Bitcoin mining farms composed of 40-100 ASIC miners each, and receive automated daily mining income payouts in BTC. Xive charges a 20% management fee from net profits while providing wholesale electricity rates, equipment at cost price, and 24/7 monitoring and maintenance.
- Houston Mining Farm Bitcoin mining farm located in Houston, USA consisting of 50 devices (45 Whatsminer M50 + 5 Antminer S19XP) with total hashrate of 6.07 PH/s. Equipment value $108,145, lowest entry threshold $50, electricity fee $0.06/kWh with 60-day prepayment. Status: Sales closed (30.6586% sold).
- Astana Mining Farm Bitcoin mining farm located in Astana, Kazakhstan consisting of 30 devices (20 Antminer S19J PRO + 10) with hashrate of 5.68 PH/s (104 TH/s each). Total farm value $101,560. Status: Sold out (100% sold).
- Kyoto Mining Farm Bitcoin mining farm located in Kyoto consisting of 50 Antminer S19 Pro devices with hashrate of 5.5 PH/s (110 TH/s each). Total farm value $125,000. Status: 33.0913% sold.
Quantifiable outcome
- Risk diversification: Equipment failure impact reduced from 100% loss to 1-3% impact on farm revenue
- +2 more outcomes
Companies that use Xive
Customer profileSegments3 records
Ideal customer profiles2 records
Xive technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Xive partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights3 records
Xive competitors and assessment
Company assessmentDirect peers
- Riot Platforms: Large-scale publicly listed Bitcoin mining operator running its own ASIC fleets and proprietary power infrastructure — directly comparable to Xive's mining-farm business model at industrial scale.
- Compass Mining: Hashrate marketplace and hosting provider that connects retail miners to ASIC hosting facilities — closely comparable to Xive's group-mining model of selling retail investors exposure to physical mining capacity.
- Bitfarms: Public Bitcoin mining operator running multi-site ASIC fleets with a focus on low-cost hydropower in the Americas — closely analogous to Xive's multi-region mining strategy.
- Marathon Digital Holdings: Public Bitcoin mining company operating one of the largest self-mining ASIC fleets in North America; mirrors Xive's core activity of running industrial-scale Bitcoin mining operations.
- Hut 8: Public Bitcoin mining and digital infrastructure company operating ASIC fleets and hosting services in North America — overlapping with Xive's mining-farm and hosting offering.
- Hive Digital Technologies: Public cryptocurrency miner with operations in multiple jurisdictions including Canada and Sweden; directly comparable as a multi-site ASIC Bitcoin miner pursuing low-cost power.
- CleanSpark: Public Bitcoin miner with vertically integrated mining operations across multiple US sites; directly comparable in fleet management, hosting, and wholesale-power optimization.
Broad incumbents
- MicroBT: Leading ASIC miner manufacturer (Whatsminer M50 line) and direct supplier of equipment used in Xive's Houston farm — relevant incumbent comparison on the hardware side.
- Canaan Inc. Public ASIC manufacturer (Avalon series) and Bitcoin mining participant; comparable as an established player spanning hardware manufacturing and self-mining in the same ecosystem Xive operated in.
- Bitmain: World's largest ASIC miner manufacturer (Antminer line), the dominant supplier of the S19/S19XP/S19J Pro units Xive deployed — comparable as a vertically dominant incumbent in the ASIC mining value chain.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Xive social profiles
Digital presenceXive compliance and trust
Trust signalCompliance1 record
Xive financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xive leadership team
Management profileNumber of profiles
Profiles12 records
Xive funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xive M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xive
What does Xive do?
Xive operates a group Bitcoin mining farm platform that enables retail investors to purchase shares (starting at $50) of professionally managed Bitcoin mining farms composed of 40-100 ASIC miners each. The company builds, operates, and maintains the mining farms at wholesale electricity rates, charges a 20% management fee from net mining profits, and distributes automated daily BTC payouts to shareholders. Active farms include Houston (USA), Astana (Kazakhstan), and Kyoto.
Is Xive a public or private company?
Xive is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was Xive founded?
Xive was founded in 2018. It employs 11 to 50 people.
Where is Xive based?
Xive is headquartered in Houston, United States, in the North America region.
How does Xive make money?
Two revenue lines are on record. Management Fee (20% of Net Profit) is the primary driver. The others are equipment Resale Revenue.
Who are Xive's main competitors?
Direct peers on record are Riot Platforms, Compass Mining, Bitfarms, Marathon Digital Holdings, Hut 8, Hive Digital Technologies and CleanSpark. Broad incumbents are MicroBT, Canaan Inc. and Bitmain.
Does Xive have an API?
No public API is recorded for Xive.
What industry is Xive in?
Xive's product category is Bitcoin Mining Services. Its primary akta.pro industry code is FSADAOAD, Mining Hardware (ASIC/GPU) Manufacturing & Distribution. Its NAICS code is 5231 and its SIC code is 6200.