America

Frank

Bitcoin

Hive

During a recent TheStreet&nbsp;<a rel="noopener noreferrer nofollow">Roundtable</a> interview, Frank Holmes, the executive chairman of Hive Digital Technologies, laid out a view that separates short term market turbulence from long term infrastructure growth, arguing that leverage driven sell offs do little to alter the underlying thesis for <a rel="noopener noreferrer nofollow">Bitcoin</a> and&nbsp;<a rel="noopener noreferrer nofollow">data centers</a>.
Holmes acknowledged that price weakness is possible and&nbsp;pointed to excessive leverage as a recurring risk.&nbsp;
<blockquote>
 “I think it could sell off a little pressure whatever is happening in the markets and trigger some shorts. It was not real cash buying. It was a lot of leverage buying. And anytime you get a lot of leverage buying and someone gets forced out you create a contagion and knock it down short term.”
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/legendary-hedge-fund-analyst-warns-bitcoin-wall-street-crash-1929" rel="noopener noreferrer nofollow">Related: Legendary hedge fund analyst warns Bitcoin is heading towards 1929-style crash</a>
<h2 id="bitcoin-vs-high-performance-computing">Bitcoin vs High-Performance Computing&nbsp;</h2>
<a href="https://www.thestreet.com/crypto/innovation/how-bitcoin-miners-like-bit-digital-are-cashing-in-on-the-ai-boom" rel="noopener noreferrer nofollow">Several large Bitcoin Miners have announced high-performance computing</a> (HPC) centers or are completely shifting their businesses towards it, including Bitfarms, MARA, Hut 8, and others. To those who see the volatility of Bitcoin as too high-risk, <a rel="noopener noreferrer nofollow">HPC</a> is a safer alternative that generates more revenue in many cases.&nbsp;
Despite Bitcoin's risk, Hive continues to scale production. Even as mining difficulty rises, Hive has expanded output.
<blockquote>
 “We have strapped on from three Bitcoin a day to ten Bitcoin a day and we are going to grow that again,” Holmes said. “We have been able to more than triple our daily Bitcoin production.”
</blockquote>
Holmes believes the two are complimentary.&nbsp; 
<blockquote>
 “Our philosophy is to run parallel. Not one is better than the other. They are both needed. And to build HPC, the fastest way to get your money back is to build a Bitcoin data center.”
</blockquote>
<h2 id="why-paraguay-is-central-to-hive-s-vision">Why Paraguay is central to HIVE's vision</h2>
Hive sees long term potential in <a href="https://www.thestreet.com/crypto/markets/hive-bitcoin-mining-expansion-paraguay" rel="noopener noreferrer nofollow">building out power and data centers in Paraguay</a>. He described them as "the only country in Latin America that is really pro-America." He also praised their president for his forward thinking policy in regards to <a rel="noopener noreferrer nofollow">Bitcoin Miners</a>.
Additionally, the nation has long been selling excess electricity to neighbors who have not always paid. Argentina currently owes over $200 million in electricity debt. Having regular income for this excess energy is a huge win for <a rel="noopener noreferrer nofollow">Paraguay</a>.
<blockquote>
 “Bitcoin miners save the day,” Holmes said. “(The utility providers) get paid every month. Not only do we build substations all across the country, we pay them every month.”
</blockquote>
<h3 id="more-news">More news:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/crypto-is-officially-on-the-holiday-shopping-list-new-survey-shows" rel="noopener noreferrer nofollow">Crypto is officially on the holiday shopping list, new survey shows</a></li>
 <li><a href="https://www.thestreet.com/crypto/bankruptcy/new-property-rules-could-boost-investor-protection-in-crypto-bankruptcies" rel="noopener noreferrer nofollow">New property rules aim to safeguard investors during crypto bankruptcies</a></li>
 <li><a href="https://www.thestreet.com/crypto/innovation/avalanche-john-nahas-says-the-future-belongs-to-purpose-built-blockchains" rel="noopener noreferrer nofollow">Avalanche' John Nahas says the future belongs to purpose built blockchains</a></li>
</ul>
HIVE is also contributing to improving data infrastructure in the country, which will soon host some of the companies most powerful centers yet.&nbsp; 
For Holmes, the conclusion is clear. Short term price swings may come and go, but durable infrastructure backed by energy and connectivity is what ultimately matters.&nbsp;
<blockquote>
 “We believe that Bitcoin can come off in the short term but it is not going to deter us from building out,” he said.
</blockquote>

HIVE continues to expand production even as Bitcoin dumps

Table of Contents

TheStreet Roundtable

Other articles published on Dec 18, 2025

Join our free newsletter for daily crypto updates!