In a new roundtable with David Gokhshtein, founder of Gokhshtein Media, Hive’s executive chairman Frank Holmes showed how green bitcoin mining is generating incredible geopolitical and economic benefits not only for crypto investors but for the country as a whole.
“Hive is a unique company. It only sources green energy. It functions in five languages in nine time zones and continues to be recognized,” Holmes began. He praised his team as one of the most efficient Bitcoin miners in the world, highlighting their major footprint in Paraguay that most Americans rarely know.
“What many Americans don’t realize is that Paraguayans love Americans,” Holmes said. “Their country exists for President Hayes in 1870. He stopped the genocide that was happening. They wiped out 90% of the male group.”
Holmes explained that Paraguay even celebrates “Hayes Day” on November 12th each year, one of the nation’s biggest states was named after the President of the United States.
The partnership between Hive and Paraguay depends on using excess hydroelectric energy from major dams. Otherwise, it is the energy consumed by Brazil.
Holmes said, “We turn around and use it and generate big revenue in the US dollar for the government. Banks couldn’t provide it as a hedge of currency, so Hive shareholders win.
Holmes also mentioned changes in the political landscape of the United States and its impact on crypto. “Last week I was in Washington, D.C. at a digital summit, eight times the size of a year ago,” he said. “President Trump’s policies are increasingly wanting to know Bitcoin as a strategic asset, and have actually created a new, very different group of people.”
The Hive is also making a big bet on America.
“We’ve moved our headquarters to San Antonio, Texas, now that we felt safer in America,” Holmes confirmed. “And we’re looking at assets to expand our US footprint.”