Hive’s Frank Holmes on Expanding Bitcoin Mining in Paraguay
0
38
The company’s chairman, a speaker at this year’s Consensus festival, looks at what's next for the mining industry.By Tom Carreras|Edited by Benjamin SchillerUpdated Apr 8, 2025, 6:17 p.m. Published Apr 8, 2025, 2:06 p.m. Frank Holmes has had a long career as a money manager: financing gold mining companies; getting involved in the creation of gold royalty companies; developing financial products for the airline industry — all of this with U.S. Global Investors (GROW), the publicly-traded asset management firm he’s been leading since 1989.He’s also the chairman of HIVE Digital Technologies (HIVE), a bitcoin mining company with a $345 million market capitalization and a rapidly expanding footprint in Paraguay, thanks to a recent deal in which the firm acquired facilities previously owned by another miner, Bitfarms. The firm was born, he said, after he attempted to launch a spot bitcoin exchange-traded fund (ETF) in 2017.STORY CONTINUES BELOWDon't miss another story.Subscribe to the Crypt...