Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Hive Digital Technologies to Establish Major 100MW Digital Asset Mining Operation in Paraguay
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Manage episode 430384779 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share exciting news about the company's ambitious plans to build a 100-megawatt digital asset mining operation in Paraguay. Following a comprehensive tour of the country and meetings with President Santiago Peña and his senior cabinet ministers, the company has identified Paraguay as a business-friendly environment that aligns with its vision. Holmes highlighted that this potential project is expected to significantly boost Hive's Bitcoin mining operations, potentially adding up to an additional 6.5 Exahash per second (EH/s). This increase would raise Hive's global mining capacity to 12.1 EH/s, marking a substantial milestone in the company's diversified growth strategy. This expansion supports Hive's commitment to broadening its global footprint, which already includes data center operations in Canada, Sweden, Iceland, and now Paraguay. In Paraguay, Hive Digital Technologies plans to leverage its extensive experience and expertise in grid balancing and demand response to support ongoing industrial development. By monetizing surplus or under-utilized power assets, the company aims to provide significant economic benefits. Additionally, with energy bills being paid in U.S. dollars, Hive's operations in Paraguay present a unique opportunity for the government. This arrangement ensures stable monthly U.S. dollar income, acting as a strategic currency hedge and contributing to financial stability in the face of a volatile global currency market. In 2023, electricity exports accounted for approximately 13.2% of Paraguay's total exports. Hive's new operation is poised to enhance this figure further, underscoring the country's growing importance in the global energy and digital asset sectors. The company's commitment to sustainable and innovative energy solutions positions it as a key player in Paraguay's industrial and economic development. #proactiveinvestors #usglobalinvestors #airline #travel #oil #jets #BitcoinMining, #SustainableGrowth, #GreenEnergy, #Paraguay, #DataCenters, #FrankHolmes, #TechExpansion, #Cryptocurrency, #HighPerformanceComputing, #EconomicGrowth, #RenewableEnergy, #DigitalCurrency, #MiningConference, #TechInnovation, #GreenBitcoin, #EnergyEfficiency, #JobCreation, #TechUpgrade, #BitcoinValue #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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609 episodes
MP3•Episode home
Manage episode 430384779 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share exciting news about the company's ambitious plans to build a 100-megawatt digital asset mining operation in Paraguay. Following a comprehensive tour of the country and meetings with President Santiago Peña and his senior cabinet ministers, the company has identified Paraguay as a business-friendly environment that aligns with its vision. Holmes highlighted that this potential project is expected to significantly boost Hive's Bitcoin mining operations, potentially adding up to an additional 6.5 Exahash per second (EH/s). This increase would raise Hive's global mining capacity to 12.1 EH/s, marking a substantial milestone in the company's diversified growth strategy. This expansion supports Hive's commitment to broadening its global footprint, which already includes data center operations in Canada, Sweden, Iceland, and now Paraguay. In Paraguay, Hive Digital Technologies plans to leverage its extensive experience and expertise in grid balancing and demand response to support ongoing industrial development. By monetizing surplus or under-utilized power assets, the company aims to provide significant economic benefits. Additionally, with energy bills being paid in U.S. dollars, Hive's operations in Paraguay present a unique opportunity for the government. This arrangement ensures stable monthly U.S. dollar income, acting as a strategic currency hedge and contributing to financial stability in the face of a volatile global currency market. In 2023, electricity exports accounted for approximately 13.2% of Paraguay's total exports. Hive's new operation is poised to enhance this figure further, underscoring the country's growing importance in the global energy and digital asset sectors. The company's commitment to sustainable and innovative energy solutions positions it as a key player in Paraguay's industrial and economic development. #proactiveinvestors #usglobalinvestors #airline #travel #oil #jets #BitcoinMining, #SustainableGrowth, #GreenEnergy, #Paraguay, #DataCenters, #FrankHolmes, #TechExpansion, #Cryptocurrency, #HighPerformanceComputing, #EconomicGrowth, #RenewableEnergy, #DigitalCurrency, #MiningConference, #TechInnovation, #GreenBitcoin, #EnergyEfficiency, #JobCreation, #TechUpgrade, #BitcoinValue #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
…
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