Latest news with #FrankHolmes
Yahoo
2 hours ago
- Business
- Yahoo
Bitcoin mining magnate Holmes: ‘M2 surge means buy Bitcoin dip'
Bitcoin mining magnate Holmes: 'M2 surge means buy Bitcoin dip' originally appeared on TheStreet. Frank Holmes told TheStreet Roundtable that disciplined accumulation is key amid Bitcoin's volatility. 'I think you just got to have the discipline of buying the dip and stocking the Bitcoin,' he said. 'It doesn't matter if you bought a thousand dollars worth of Satoshis. A lot of people don't realize that one Bitcoin is a hundred million Satoshis.' Holmes explained that purchasing even a fraction of a Bitcoin by HODLing Bitcoin ETF is equivalent to buying millions of Satoshis. 'If you go to Robinhood and buy a thousand dollars worth of HODL Bitcoin ETF, you're really buying about a million Satoshis,' he said. On a broader level, Holmes pointed to money-supply data in China and India as a leading indicator. 'Forty percent of the world's population is China and India. China and India's money supply, M2, is growing at 10%,' he said. 'Historically, any time we get such a big growth in M2, you see Bitcoin start to take off. And that's what we're witnessing. The explosion in money supply M2 growth really took place on the other side of the Pacific, but it's igniting the world and there's a six-week lag.' This six-week lag suggests rising liquidity in Asia will translate into upward price pressure elsewhere. Holmes noted that increased ETF inflows, network difficulty adjustments and hash-price metrics also support a bullish stance. When asked about cycle indicators, Holmes emphasized the importance of institutional adoption. He pointed out that Coinbase entering the S&P 500 is a pivotal development that builds trust and uptake. He added: 'I do know that certain Satoshis, if they have certain special numbers on a special date, all of a sudden are not worth a hundredth of a penny or tenth of a penny. They're worth a penny. And when Satoshis are worth a penny, that makes Bitcoin worth a million dollars.' When asked about a six-month target, he said: 'I believe it trades higher. It's very easy to see 150,000 to 250,000 as adoption grows around the world.' HIVE Digital's strategy of HODLing mined coins underscores Holmes's conviction. He recalled: 'This year is very transformative for us because we want to rebuild all the Bitcoin on our balance sheet as fast as possible because we believe it trades higher.' With Bitcoin already retraced above $100,000 after a roughly 12% Q1 decline, Holmes maintains that disciplined dip-buying supported by strong M2 growth remains the optimal play. Bitcoin mining magnate Holmes: 'M2 surge means buy Bitcoin dip' first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
RETRANSMISSION: HIVE Digital Technologies Surpasses 10 EH/s of Bitcoin Hashrate as Expansion in Paraguay Accelerates
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - May 28, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, is pleased to announce it has surpassed 10 Exahash per second (EH/s) of global Bitcoin mining hashrate, and in the process has added 1 EH/s each week for the last month. As of today, HIVE reports a total operating hashrate of over 10 EH/s and is ahead of schedule to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025, with a global fleet efficiency of 20 Joules per Terahash. HIVE continues to execute on its strategic expansion toward its 25 EH/s target for calendar Q4 2025 and is working hard to maintain the cadence of its rapid scaling. The Company notes that this growth is fully funded. BUZZ HPC Surpasses Growth Milestone in HPC Cloud, Achieves $20M ARR Ahead of Schedule The Company is proud to announce that its high-performance computing ("HPC") subsidiary, Buzz HPC, has surpassed a key growth milestone-reaching a $20 million annualized run-rate revenue in its GPU cloud business. This achievement comes one month ahead of the Company's target of June 2025, underscoring the successful execution of HIVE's aggressive HPC expansion strategy. Buzz HPC's rapid scale-up reflects strong operational momentum, with over 5,000 cutting-edge GPUs now actively deployed. This milestone not only validates the Company's vision for HPC growth but also reinforces its position as an emerging leader in GPU cloud infrastructure. Executive Commentary Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented: "Our HPC growth has outpaced expectations-from early projections to now reaching $20M in annualized revenue. With approximately 5,000 GPUs powering AI workloads, we believe our GPU cloud business is a high-value asset, potentially worth 10 to 20 times its annualized cash flows." Aydin Kilic, President & CEO of HIVE, stated: "It is a monumental accomplishment for HIVE to reach 10 EH/s, and we are now producing over 5 Bitcoin per day. I am very proud of our team for executing. What is remarkable is we have added approximately 1 EH/s of Bitcoin mining capacity on a weekly basis, exceeding our previous guidance to bring on 1 EH/s every 2 weeks. We have done so consecutively for the last month. Our Country President Gabriel Lamas has been consistently executing on his targets, embodying the high-performance work culture at HIVE." About HIVE Digital Technologies Ltd. HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and Branding Frank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to enter into a binding agreement and complete the acquisition of the Paraguay site on the terms as announced or at all; the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Toronto Stock Exchange, HIVE Digital Technologies Ltd., The View from the C-Suite
Toronto, Ontario--(Newsfile Corp. - May 23, 2025) - Frank Holmes, Executive Chairman, HIVE Digital Technologies Ltd. (TSXV: HIVE) ("HIVE" or the "Company"), shares their Company's story in an interview with TMX Group. Cannot view this video? Visit: The View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View From The C-Suite visit About HIVE Digital Technologies Ltd. (TSXV: HIVE) HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint. Product or service names mentioned herein may be the trademarks of their respective owners. To learn more, visit: SOURCE Toronto Stock Exchange MEDIA CONTACT:Nathan FastDirector of Marketing and Branding(604) 664-1078 To view the source version of this press release, please visit
Yahoo
21-05-2025
- Business
- Yahoo
U.S. Global Investors Lists Its GoGold ETF, Ticker GOAU, on the Colombia Securities Exchange Amid Growing Demand for Gold Exposure
San Antonio, TX, May 21, 2025 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (NASDAQ: GROW) (the 'Company'), a boutique investment firm specializing in precious metals and emerging markets, is pleased to announce that its gold-focused ETF, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), is now trading on the Bolsa de Valores de Colombia (BVC), the Colombian Securities Exchange. With this new listing, Colombian investors will gain access to the GoGold ETF, which offers exposure to companies engaged in the production of gold and other precious metals, either through active mining or passive royalty and streaming agreements. GOAU is already listed in New York, Mexico and Peru. Its addition to the BVC—part of the Nuam market, which links stock exchanges in Colombia, Chile and Peru—further extends its presence and visibility across Latin America. Frank Holmes, the Company's CEO and Chief Investment Officer, emphasizes the timeliness of this expansion: 'The GoGold ETF's listing on the BVC reflects Colombia's increasingly sophisticated capital markets and growing appetite for diversified, international investment options. With gold making headlines amid economic uncertainty and geopolitical instability, we believe this is an ideal moment to bring GOAU to Colombia. The smart beta 2.0 ETF provides exposure to royalty and streaming companies, which we consider to be the 'smart money' of the gold and precious metals industry for their history of strong performance and prudent capital allocation.' As of May 2025, only two gold-related ETFs are listed on the BVC—a physical gold ETF and a gold equity UCITS ETF. A UCITS ETF is one that adheres to the Undertakings for Collective Investment in Transferable Securities (UCITS) regulations in the European Union. GOAU, therefore, is the only BVC-listed, non-UCITS ETF that provides investors with access to companies involved in mining gold and precious metals. GOAU is the Company's second ETF to launch in Colombia, following the U.S. Global Jets ETF (NYSE: JETS), which listed there in August 2024. Why GOAU? The GoGold ETF uses a smart-factor, rules-based investment strategy that combines the efficiency of passive investing with the selectivity of active management. The fund tracks the U.S. Global GO GOLD and Precious Metal Miners Index (GOAUX), which screens companies based on fundamentals such as valuation, profitability and balance sheet quality. Unlike traditional gold mining funds that tend to concentrate on large-cap producers, GOAU focuses on high-quality, well-managed companies with consistent profitability. The GoGold ETF places special emphasis on North American royalty and streaming companies, which provide upfront capital to miners in exchange for a share of future production, while avoiding the heavy costs and risks of operating mines directly. A number of these firms, including Franco-Nevada, Wheaton Precious Metals, Royal Gold and Sandstorm Gold, have direct asset exposure to the Colombia market. To learn more about the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU), view the English fact sheet and Spanish fact sheet. To sign up for news and research on a variety of asset classes, from gold to airlines to digital assets, please click here. Follow U.S. Global Investors on X by clicking here. Subscribe to U.S. Global Investors' YouTube channel by clicking here. About U.S. Global Investors, Inc. The story of U.S. Global Investors goes back more than 50 years when it began as an investment club. Today, U.S. Global Investors, Inc. ( is a registered investment adviser that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the Company provides money management and other services to U.S. Global Investors Funds and U.S. Global ETFs. ### Please carefully consider a fund's investment objectives, risks, charges, and expenses. Obtain a statutory and summary prospectus for GOAU for this and other important information here. Read it carefully before investing. Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Because the funds concentrate their investments in specific industries, the funds may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries. The funds are non-diversified, meaning they may concentrate more of their assets in a smaller number of issuers than diversified funds. The funds invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. The funds may invest in the securities of smaller-capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The performance of the funds may diverge from that of the index. Because the funds may employ a representative sampling strategy and may also invest in securities that are not included in the index, the funds may experience tracking error to a greater extent than funds that seek to replicate an index. The funds are not actively managed and may be affected by a general decline in market segments related to the index. Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political, or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors. Airline Companies may be adversely affected by a downturn in economic conditions that can result in decreased demand for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs. The U.S. Global GO GOLD and Precious Metal Miners Index uses a robust, dynamic, rules-based smart-factor model to select precious minerals companies that earn over 50% of their aggregate revenue from precious minerals through active (mining or production) or passive (royalties or streams) means. The index uses fundamental screens to identify companies with favorable valuation, profitability, quality and operating efficiency. The index consists of 28 common stocks or related ADRs. Fund holdings and allocations are subject to change at any time. Click here to view fund holdings for GOAU. Smart beta 2.0 refers to a type of exchange-traded fund (ETF) that uses a rules-based system for selecting investments to be included in the fund portfolio. Distributed by Quasar Distributors, LLC. U.S. Global Investors is the investment adviser to GOAU. CONTACT: Holly Schoenfeldt U.S. Global Investors, Inc. 210.308.1268 hschoenfeldt@ in to access your portfolio
Sydney Morning Herald
19-05-2025
- Business
- Sydney Morning Herald
It's a $US450 billion industry, and Australia is in prime position to become a player
The most important and sensitive part? Trump agreed that the emirates could buy the cutting-edge computer chips made by America's Nvidia that are powering the global revolution in artificial intelligence. The UAE's ambition is to become a leading global powerhouse in AI, the fastest-growing field of tech investment. It's so sensitive that some of Trump's officials reportedly dissented, complaining that it risked the loss of one of America's few remaining technological advantages. The AI edge could 'leak' from the UAE to America's greatest rival, China, they feared. Washington bans the sale of the top-line chips to China. Trump signed the deal anyway. The Wall Street Journal reported this deal as a 'coup' for Abu Dhabi: 'The United Arab Emirates has fewer citizens than the population of West Virginia. But an agreement to give the UAE coveted access to millions of the most advanced chips from Nvidia shows that the tiny, oil-rich Gulf monarchy knows how to play a clever economic game in the age of Trump.' The UAE's neighbour, Saudi Arabia, has announced a similar ambition to build an 'AI zone', supplied by Nvidia chips. What does any of this have to do with Australia? First, the potential for China to conduct effortless sabotage of the US power grid shows that there is an accelerating need for nations to establish trusted supply chains for sensitive goods – especially now that a new global supply chain is about to be constructed for AI. The global market for AI infrastructure is worth around $US450 billion, according to Frank Holmes of US Global Investors. Australia is in prime position to be part of a trusted supply chain. The Biden administration listed Australia in the category of most-trusted nations. Second, the UAE play shows that a fast-moving country can stake a claim to an industry that, to now, has been restricted largely to just three territories – the US, China and Taiwan. And the moment is ripe for Australia, too, according to the official who led US tech security policy in Joe Biden's White House, Tarun Chhabra. He was in Australia around the time of the federal election and observes: 'I was struck by the sense of urgency and opportunity after the Australian election – 'if not now, when?' – for critical decisions at the nexus of technology policy and China policy.' The Albanese government is well-placed to seize the moment, he says. 'There's a healthy debate in Australia, as in many countries, about what sort of AI regulation to pursue. That is, of course, important. But there is also an opportunity to develop a strategy for growth and AI adoption, and attracting leading AI firms, especially US firms,' he tells me. AI has crossed a key threshold. It was a subject of fascination in 2023 when ChatGPT was launched, he says. 'It was 'look at what the chatbot can do!'' And now? 'We are into the industrial application phase now. We could see in 2027-28 models as capable as the best humans in many fields of knowledge.' Australian companies are alert to AI's potential for boosting productivity. The Tech Council of Australia's annual survey shows that AI is 'the defining technology trend' for 67 per cent of tech leaders. The council estimates that AI has the potential to create 200,000 jobs and $115 billion in economic value in Australia over the next five years. 'I think there's an opportunity for a national-level strategy to promote Australia as a hub for AI, to recruit talent' – especially now that the US is repelling skilled talent more than attracting it – 'as well as to build infrastructure and attract leading companies developing AI models and industrial applications,' says Chhabra, formerly the US National Security Council Coordinator for Technology and National Security. Loading 'And then there's also the national security layer – an opportunity to adopt frontier AI in the defence and intelligence establishment, and also to attract leading defence industrial base firms that are software-centric and, increasingly, AI-centric.' Chhabra, an adviser to the Garnaut Global consultancy founded by Australia's John Garnaut and also advising the US AI start-up firm Anthropic, cites another Australian advantage – the domestic superannuation sector with its $4 trillion in funds. 'There's an opportunity for democratic capital to seize this window as we see transformative technology emerging,' he said. 'What capital and what energy can be mobilised? Australia's energy potential is enormous, and its geopolitical risk is lower.'
