HIVE Digital, a publicly traded cryptocurrency mining firm, announced this week that it will relocate its headquarters from Vancouver to San Antonio, citing support from President-elect Donald Trump’s administration for the crypto industry’s growth as a key factor in the decision.
The company described the move as a strategic response to Trump’s re-election, highlighting the administration’s pro-Bitcoin stance and its focus on innovation and regulatory frameworks for the cryptocurrency ecosystem.
“The United States offers a competitive and business-friendly regulatory environment, along with access to capital markets,” the company said. “Texas, in particular, stands out for its supportive business climate, energy infrastructure, and skilled workforce.”
The shift underscores the growing interest in cryptocurrency and related businesses.
Cryptocurrency is a digital form of currency, such as Bitcoin, that operates independently of a central authority or government. Bitcoin lets people send money directly to each other without a bank, using a secure technology called blockchain.
Following China’s 2021 ban on crypto mining, U.S. mining activity surged, with Texas emerging as the top destination for large-scale operations.
Cryptomining is the process of using computer power to solve complex mathematical problems in order to validate transactions and secure a cryptocurrency network, earning new coins as a reward.
However, the rise of cryptomining in Texas has also sparked concerns. Critics argue that industrial-scale Bitcoin mining is driving up energy prices and straining the state’s power grid. Local politicians have raised alarms about the environmental impact and potential risks to the state’s energy infrastructure.
In addition to its favorable regulatory environment, HIVE emphasized the U.S. is a hub for funding opportunities.
“The U.S. capital markets, with their $40 trillion capitalization and daily trading volumes of $500 billion, offer unparalleled liquidity, visibility and growth potential,” said Frank Holmes, executive chairman of HIVE.
Korok Ray, a cryptocurrency researcher and associate professor at Texas A&M University, welcomed the move.
“Bringing more Bitcoin mining to Texas is a positive development for the state,” he said. “It proves that a favorable regulatory regime for this new technology attracts business. Texas lawmakers should continue to support Bitcoin, following the lead of Senator Ted Cruz.”
The move to San Antonio is expected to contribute further to the region’s growing reputation as a crypto-friendly destination.
Andy Gonzalez, co-founder of the San Antonio Crypto Network — a grassroots group focused on cryptocurrency education and long-term local investment — believes the recent resurgence in interest was inevitable once Wall Street began backing Bitcoin.
Gonzalez agreed that HIVE’s move to San Antonio is a good sign for the industry, which he said is a boon for Texas.
He added that while he understands the energy concerns some state residents have voiced, recent technological developments have seen mining centers also help the state have a surplus of stored energy, which could prove to be useful to the grid during times of high demand.
“If the government is pro-Bitcoin we’re all better for it,” he said. “Otherwise the tech and the dollars it brings goes elsewhere — to whoever embraced it.”
The Economic Offences Wing (EOW) CID police registered a case against a Chennai-based cryptocurrency investment firm and its director for defrauding investors by promising high monthly returns.
Investors claimed that TFT Block Chain Services Private Limited, operating under the name Tycoon Fintech, defrauded the public by collecting investments ranging from ₹20 crore to ₹30 crore.
Published – March 21, 2026 07:04 pm IST
The Fairfax Scam Jam unpacks two of the fastest‑growing threats: romance‑based investment schemes and cryptocurrency fraud. Scammers often initiate contact through friendly wrong‑number texts, dating apps, and social media, then spend weeks or months building trust. Once a relationship feels established, victims are encouraged to “invest” in cryptocurrency, gold, or foreign currency through fraudulent platforms operated by criminal organizations.
You’ll learn how these schemes operate step‑by‑step, the psychological tactics scammers use, and the financial and emotional devastation they leave behind. Presenters will share actionable tools for recognizing early warning signs, having preventative conversations with loved ones, reporting fraud, and recovering when possible. Whether you’re new to digital safety or a seasoned advocate, this year’s Scam Jam will give you the knowledge you need to stay a step ahead of scammers.
The 9th Annual Fairfax Scam Jam is a community collaboration between AARP Virginia and the Fairfax County Silver Shield Anti-Scam Program.
Resource Fair exhibitors will be on hand until 1 p.m.
Representatives from county, state and federal agencies will be available to answer your fraud and scam questions one-on-one.
Complimentary lunch is provided to registered guests.
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