Hive Digital moves HQ to Texas citing supportive climate under Trump
Hive Digital Technologies is relocating its headquarters from Vancouver, Canada, to Texas, influenced by President-elect Donald Trump's pro-Bitcoin stance. The company cites the new administration's focus on innovation and a favorable regulatory environment for Bitcoin miners as key factors. Texas is chosen for its supportive business climate, energy infrastructure, and skilled workforce. Hive emphasizes the importance of being in the U.S. to leverage its capital markets, which are vital for growth. Texas is already a hub for Bitcoin mining, hosting several major operations. Trump has expressed a desire for all future Bitcoin mining to occur in the U.S., aligning with Hive's strategic move. The crypto industry anticipates improved regulations and policies under the Trump administration, contributing to a positive outlook for the sector heading into 2025.
