US President Trump announced this morning at the 2026 Davos Forum that a framework agreement with NATO has been reached for Greenland, initially easing the tariff war between the US and its European allies over the territory's sovereignty. The agreement reveals that the US will receive some land in Greenland for the construction of military bases or participation in mining operations. At this time, the "Freedom City" plans of tech giants have resurfaced.
Trump's Greenland deal revealed: Part of the land will be owned by the United States.
The New York Times points out that the agreement reached today between the Trump administration and NATO Secretary General Mark Rutte states that the United States will no longer insist on acquiring the entire island, but will instead adopt the "Sovereign Base Areas" model, similar to the UK's military presence in Cyprus.
This move grants the U.S. military a legally protected permanent strategic location within the Arctic Circle for deploying the Golden Dome missile defense system to contain the influence of Russia and China. It also quells the back-and-forth tariff war between Trump and his European allies.
Nevertheless, Greenlandic MP Aaja Chemnitz and local residents expressed strong dissatisfaction with this negotiation "without local involvement," emphasizing that "nothing can be decided without our participation."
Benefits of the Agreement: Opening the Door for US Mining in Greenland
On the surface, beneath the guise of national security lies Greenland's rich rare earth mineral rights. The Kobeissi Letter points out that the agreement allows the United States to participate in the development of Greenland's mineral rights and opens the door for US investment in local infrastructure.
Among them, the acquisition of a large stake in mining company Critical Metals Corp ($CRML) by U.S. Commerce Secretary Howard Lutnick in February 2024 for $2 billion is particularly noteworthy. The company is located in the Tanbreez mining area in southern Greenland, which has abundant rare earth resources.
With the US successfully acquiring local development rights, the extraction of these strategic materials can be directly used for domestic industrial and military purposes, bringing astonishing returns to early investors. For example, the stock price of [Company Name] has risen 830% since its low point last May.
Silicon Valley Giants' Arctic Dream: From AI Data Centers to "City of Freedom" Plans
Besides geopolitics and mineral resources, Greenland's cold climate is also attracting Silicon Valley giants to establish massive AI computing centers there.
The Praxis project, led by Peter Thiel , and the Freedom City concept, supported by tech giants such as OpenAI founder Sam Altman, Microsoft founder Bill Gates, and Amazon founder Jeff Bezos, are attempting to create a special economic zone in southern Greenland that is low-regulation and promotes technological liberalism.
These billionaires are investing in geothermal companies, thermal battery storage companies, hybrid fuel developers, and private nuclear fusion companies, aiming to leverage the extremely low cooling costs and near-limitless geothermal energy resources in the region to build data centers and create automated cities.
Today, Trump's sovereignty framework undoubtedly provides these private tech empires with the necessary military and political protection.
Behind the Greenland controversy: The deep symbiosis between national strategy and private capital
The implementation of the Greenland Agreement demonstrates the deep entanglement between foreign policy and the interests of private capital. The Trump administration successfully transformed the Arctic dispute into a "profit-sharing mechanism," giving the United States leverage against competitors in the global rare earth supply chain and opening up new avenues for expansion for domestic technologists and capitalists.
However, whether this model, which sacrifices Greenland's autonomy, will cause a long-term rift with its European allies remains a major concern for the international community.
This article, "Trump's Greenland Agreement Reveals US Gaining Local Mining Rights? In-Depth Look at Silicon Valley Giant's 'Freedom City' Plan," first appeared on ABMedia ABMedia .
