The Fed just hiked and Bitcoin is stuck at $75k. Frank Holmes says it could be at $100k by the end of 2026

Bitcoin gained roughly 25% in August, its strongest month of 2026. A week later, Frank Holmes, executive chairman of HIVE Digital Technologies, joined TheStreet Roundtable to explain what the next leg would do to a miner's balance sheet.

"With simple math, you're doing twelve Bitcoin a day and you add another ten thousand dollars per Bitcoin, so that's another hundred and twenty thousand dollars a day," Holmes said. "That would just fall to the bottom line."

Then the Fed raised rates 25 basis points on Sept. 16, and Bitcoin has been pinned near $75,000 since.

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The leverage math

Holmes' case is arithmetic. HIVE's energy and operating costs are fixed, so a higher Bitcoin price is almost entirely margin. He puts the annualized effect of a $10,000 move at "an extra thirty six million dollars of cash flow" per year.

The 12 BTC a day is HIVE's targeted run rate at 25 EH/s, roughly 2% of the global Bitcoin network. HIVE reported $297.8 million in revenue for fiscal 2026, up 158%. Holmes now describes the company as "a gold royalty company of less than 30 employees doing 360 million in revenue, going to $500 million."