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HIVE Digital co-founder Frank Holmes reveals that sanctioned nations like Iran are secretly mining Bitcoin to bypass US financial restrictions. The trend highlights crypto’s growing role as a financial lifeline for isolated economies.
- Iran and other sanctioned nations are secretly mining Bitcoin to evade US financial restrictions, according to HIVE Digital's Frank Holmes.
- HIVE Digital is expanding in Paraguay, targeting 25 EH/s mining capacity by November, leveraging the country's favorable regulations and energy resources.
- Bitcoin mining is increasingly tied to geopolitical strategies, with hash rate fluctuations revealing disruptions in state-backed operations.
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