In a new Roundtable discussion with Gokhshtein Media founder David Gokhshtein, HIVE Executive Chairman Frank Holmes laid out how green Bitcoin mining is creating surprising geopolitical and economic benefits — not just for crypto investors, but for entire countries.
“HIVE is a unique company. It only sources green energy. It functions in nine time zones, in five languages, and it keeps getting recognized,” Holmes began. He praised his team as one of the most efficient Bitcoin miners in the world and highlighted their major footprint in Paraguay — a country most Americans know little about.
“What a lot of Americans don’t realize is that Paraguayans love Americans,” Holmes said. “Their country exists only because of President Hayes in 1870. He stopped the genocide that was taking place — they wiped out 90% of the male population.”
Holmes explained that Paraguay even celebrates “Hayes Day” every November 12, and one of the country’s biggest states is named after the U.S. president.
HIVE’s partnership with Paraguay hinges on using excess hydroelectric energy from a major dam — energy that would otherwise be consumed by Brazil.
Holmes noted, “We turn around and use it and we create huge income for the government in U.S. dollars — that a bank couldn’t provide as a currency hedge. So HIVE shareholders win, the country wins. That’s what I love. Where one-on-one is 11.”
Holmes also touched on the shifting U.S. political landscape and its impact on crypto. “Last week I was in Washington DC at the digital summit… It was eight times bigger than a year ago,” he said. “President Trump’s policies have really created a brand new, much different group of people attending, wanting to know more and more about Bitcoin as a strategic asset.”
HIVE is betting big on America too.
“We’ve moved our head office — now that we feel safer in America — to San Antonio, Texas,” Holmes confirmed. “And we’ll be looking at assets to expand our footprint in the U.S.”
