HIVE continues to expand production even as Bitcoin dumps
During a recent TheStreet Roundtable interview, Frank Holmes, the executive chairman of Hive Digital Technologies, discussed how short-term market turbulence differs from long-term infrastructure growth. Holmes argues that leverage-driven sell-offs do not fundamentally alter the underlying thesis for Bitcoin and data centers.
Holmes acknowledged that price weakness is possible and identified excessive leverage as a recurring risk.
Several large Bitcoin Miners have announced high-performance computing (HPC) centers or are completely pivoting their operations toward it, including Bitfarms, MARA, Hut 8, and others. For those who view Bitcoin's volatility as too high-risk, HPC presents a safer alternative that often generates more revenue.
Despite Bitcoin's risk, Hive continues to scale production. Even as mining difficulty rises, Hive has expanded output.
Holmes believes the two are complimentary.
Hive sees long-term potential in developing power and data centers in Paraguay. Holmes described Paraguay as "the only country in Latin America that is really pro-America" and praised their president for his forward-thinking policy regarding Bitcoin Miners.
The nation has traditionally sold excess electricity to neighbors who have not always paid their dues, with Argentina currently owing over $200 million in electricity debt. Having regular income from this excess energy is a significant advantage for Paraguay.
HIVE is also contributing to improving data infrastructure in the country, which will soon host some of the company's most powerful centers yet.
For Holmes, the conclusion is clear. Short-term price fluctuations may come and go, but durable infrastructure backed by energy and connectivity is what ultimately matters.
This article has been published in thestreet.com via Yahoo News.
During a recent TheStreet Roundtable interview, Frank Holmes, the executive chairman of Hive Digital Technologies, discussed how short-term market turbulence differs from long-term infrastructure growth. Holmes argues that leverage-driven sell-offs do not fundamentally alter the underlying thesis for Bitcoin and data centers.
Holmes acknowledged that price weakness is possible and identified excessive leverage as a recurring risk.
Bitcoin vs High-Performance Computing
Several large Bitcoin Miners have announced high-performance computing (HPC) centers or are completely pivoting their operations toward it, including Bitfarms, MARA, Hut 8, and others. For those who view Bitcoin's volatility as too high-risk, HPC presents a safer alternative that often generates more revenue.
Despite Bitcoin's risk, Hive continues to scale production. Even as mining difficulty rises, Hive has expanded output.
Holmes believes the two are complimentary.
Why Paraguay is central to HIVE's vision
Hive sees long-term potential in developing power and data centers in Paraguay. Holmes described Paraguay as "the only country in Latin America that is really pro-America" and praised their president for his forward-thinking policy regarding Bitcoin Miners.
The nation has traditionally sold excess electricity to neighbors who have not always paid their dues, with Argentina currently owing over $200 million in electricity debt. Having regular income from this excess energy is a significant advantage for Paraguay.
HIVE is also contributing to improving data infrastructure in the country, which will soon host some of the company's most powerful centers yet.
For Holmes, the conclusion is clear. Short-term price fluctuations may come and go, but durable infrastructure backed by energy and connectivity is what ultimately matters.
This article has been published in thestreet.com via Yahoo News.
