Parhelion CEO Plans $450M Prometheus Statue on Alcatraz

3 Min Read

  • Parhelion CEO plans a $450 million Prometheus statue on Alcatraz Island, symbolizing Western dynamism.
  • The project aims to be taller than the Golden Gate Bridge and the Statue of Liberty.
  • The initiative aligns with Trump’s vision for monumental architecture in America.

Parhelion’s Ambitious Monumental Project

The cryptocurrency world is abuzz with news of an extraordinary venture by Ross Calvin, CEO of Parhelion, a renowned Bitcoin mining company. As reported by Bloomberg, Calvin plans to construct a colossal statue of Prometheus on Alcatraz Island. With an estimated height of about 450 feet (137 meters) and a budget of $450 million, this project seeks to embody the fundamental dynamism inherent in Western civilization.

A Vision Born in 2018

Calvin’s vision for the statue emerged in 2018 but was temporarily shelved during Joe Biden’s presidency. Now revived, this ambitious plan is expected to resonate well with former President Donald Trump, who is known for his appreciation of grand aesthetics. The proposed structure will be constructed from a nickel and bronze alloy, reflecting sunlight differently throughout the day.

A Monumental Undertaking

If realized, this towering figure would surpass both the main span of the Golden Gate Bridge and the iconic Statue of Liberty. However, before construction can commence, Trump would need to reclassify Alcatraz from a national park to a national monument—a significant administrative step given its historical use as a high-security prison until 1963.

More Than Just A Statue

Calvin intends to unveil detailed plans by January 2026, including sketches of the colossal monument and blueprints for an accompanying technology museum on the island. The project is spearheaded by American Colossus, a nonprofit organization led by Calvin himself. According to their official manifesto available on their website, this monumental tribute to Prometheus advocates for economic freedom and human empowerment against collective coercion.

Trump’s Support for Monumental Architecture

Coinciding with Calvin’s project is Trump’s legislative support for monumental architecture through initiatives like the “One Big Beautiful Bill,” which allocates $40 million for creating the National Garden of American Heroes. This garden will feature statues honoring 250 national heroes across America.
By intertwining innovative cryptocurrency ventures with cultural heritage initiatives like the Prometheus statue, Parhelion exemplifies how tech-driven companies can influence broader societal narratives. This ambitious endeavor not only highlights significant trends within both technology and architecture but also indicates growing intersections between crypto innovations and cultural expressions within modern society—an exciting prospect that continues to intrigue investors globally.

Canary Capital Launches First US Spot TRX ETF With Staking

Canary Capital launched the Canary Staked TRX ETF on Cboe BZX under ticker TRXS on Sept. 9, 2026, offering direct TRX exposure and staking rewards.

5 Min Read
Anthropic Models 3 US Economic Scenarios Through 2030

Anthropic published a model outlining three scenarios for the U.S. economy through 2030, with its extreme scenario suggesting annual GDP growth could reach 15% alongside historically high unemployment.

7 Min Read
Robinhood CEO Says Companies Cannot Control Tokenization of Their Shares

In September 2026, Robinhood CEO Vlad Tenev said companies cannot prevent third-party products linked to their shares, defending 1:1 share-backed Stock Tokens after AMC CEO Adam Aron challenged their legality.

5 Min Read
Germany Will Change Crypto-Asset Tax Rules in 2027, Media Reports

Germany’s draft crypto tax reforms would from Jan. 1, 2027, tax profits on covered assets acquired after Dec. 31, 2026, regardless of holding period, while platforms would begin withholding tax…

5 Min Read
Vitalik Buterin Says Recursive STARKs Could Cut Ethereum Private, Post-Quantum Transaction Costs

On Sept. 9, Ethereum co-founder Vitalik Buterin explained EIP-8288, a proposal to aggregate STARK proofs and cryptographic signatures at the mempool level, potentially reducing costs without changing the EVM.

6 Min Read