Frank Holmes, executive chairman of HIVE Digital Technologies, stated that Bitcoin mining infrastructure is becoming a critical resource for the artificial intelligence industry. He identifies mining sites as tier-one data centers that already possess necessary power, land, and substations.
The company transitioned into the AI sector by repurposing GPUs that were previously used for Ethereum mining. Holmes suggests that future AI infrastructure will be developed on existing mining sites, specifically mentioning locations in Paraguay and Canada as key areas for this expansion.
