Holmes Sees Mining Infrastructure as Key to Next-Gen AI Factories

Frank Holmes, executive chairman of HIVE Digital Technologies, believes that the next wave of AI factories will be built on mining infrastructure, citing the power, land, and substations already in place. He calls Bitcoin mining a 'tier one' data center, highlighting the GPUs that once mined Ethereum have led HIVE into AI. The Binance $19 billion liquidation and $350 trillion money supply are also discussed by Holmes, who thinks Bitcoin will keep gaining adoption due to gamers and younger quants. The $40 trillion of money printing during Covid and the global MMT risk are also touched upon, as well as China's Bitcoin mining and $1.4 trillion of lending. Paraguay's central bank and Bitcoin mining as an export are also mentioned, along with Canada's AI push and the power advantage of Bitcoin miners. Holmes also thinks central banks are buying gold.