HIVE Digital Relocates HQ to San Antonio, Texas, Citing Trump's Pro-Bitcoin Policies and Holding 2,000 Bitcoin

Jan 1, 2025, 06:36 AM

HIVE Digital Technologies, a leading player in the Bitcoin mining sector, has announced the relocation of its headquarters from Vancouver, Canada, to San Antonio, Texas. The company cited President-elect Donald Trump's pro-Bitcoin policies and Texas's supportive energy infrastructure as key factors influencing this decision. The move is expected to facilitate HIVE's transition to U.S. Generally Accepted Accounting Principles (GAAP) reporting, which is a requirement for inclusion in major U.S. stock indices such as the S&P 500 and Russell 2000. HIVE Digital currently holds over 2,000 Bitcoin and is recognized as a top company in the 2024 TSX Venture 50 in the technology sector, focusing on Bitcoin mining, Web 3, blockchain, and high-performance computing for AI infrastructure.