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Hive is a decentralized blockchain for creating decentralized applications (dApps), specializing in content distribution apps. It originated from a contentious chain split with Steem, and as a result, the Hive network contains all of the content previously deployed to Steem.
Mining Companies Transition from Bitcoin Mining to AI, Keel and Hive Stock Prices Rise
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.
HIVE Digital Completes $115 Million Zero-Coupon Exchangeable Note Financing
Odaily News: HIVE Digital Technologies, a technology company specializing in crypto mining and high-performance computing hosting, announced that its subsidiary has completed a private placement of $115 million in 0% interest exchangeable senior notes (maturing in 2031). The offering included an over-allotment option of $15 million, indicating strong institutional demand.HIVE Digital stated that the net proceeds from this financing are approximately $109.5 million. The funds will be primarily used for capital expenditures (including GPU procurement), data center construction, general corporate purposes, and to support its AI infrastructure expansion strategy. The initial conversion price for the notes is approximately $2.57 per share, representing a premium of about 17.5% over the pre-issuance stock price, with a capped hedge price premium reaching 125%. This zero-interest financing introduces a new group of institutional investors while helping achieve its 2026 growth targets under reduced capital costs.
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Mining Companies Transition from Bitcoin Mining to AI, Keel and Hive Stock Prices Rise
Odaily News Keel Infrastructure and Hive Digital Technologies saw their stock prices rise on April 22. Keel completed the sale of its Paso Pe mining facility in Paraguay, securing $13 million in funds, with the aim of fully exiting the Bitcoin mining business and shifting its focus to high-performance computing and AI development in North America. Hive Digital Technologies completed a $115 million private placement, with the funds to be used for purchasing GPUs and developing data centers. The stock prices of the two companies have risen by over 40% and 31% respectively in the past month. Additionally, Core Scientific announced plans to issue $3.3 billion in high-yield bonds to fund its transition to AI infrastructure.
HIVE Digital Completes $115 Million Zero-Coupon Exchangeable Note Financing
Odaily News: HIVE Digital Technologies, a technology company specializing in crypto mining and high-performance computing hosting, announced that its subsidiary has completed a private placement of $115 million in 0% interest exchangeable senior notes (maturing in 2031). The offering included an over-allotment option of $15 million, indicating strong institutional demand.HIVE Digital stated that the net proceeds from this financing are approximately $109.5 million. The funds will be primarily used for capital expenditures (including GPU procurement), data center construction, general corporate purposes, and to support its AI infrastructure expansion strategy. The initial conversion price for the notes is approximately $2.57 per share, representing a premium of about 17.5% over the pre-issuance stock price, with a capped hedge price premium reaching 125%. This zero-interest financing introduces a new group of institutional investors while helping achieve its 2026 growth targets under reduced capital costs.
HIVE Digital Completes $115 Million Zero-Coupon Exchangeable Bond Offering, Plans to List on the Toronto Stock Exchange
According to TheEnergyMag, HIVE Digital (NASDAQ: HIVE) completed a private placement of $115 million in zero-coupon senior exchangeable notes (including a $15 million over-allotment option) through its wholly owned subsidiary HIVE Bermuda 2026 Ltd. The notes mature on April 15, 2031. The initial exchange price is approximately $2.57 per share, representing a 17.5% premium over the latest trading price; concurrently, the company entered into a cash-settled capped call transaction with a cap price of $4.92 per share, representing a 125% premium. Additionally, HIVE Digital plans to transfer its listing from the TSX Venture Exchange to the Toronto Stock Exchange around April 30, 2026, subject to meeting all applicable listing requirements.
HIVE Digital to Issue $75 Million in Exchangeable Notes and Approved for Listing on the TSX Main Board
According to an official announcement, HIVE Digital Technologies (NASDAQ: HIVE) has announced its intention to issue $75 million in zero-coupon senior exchangeable notes due 2031 to qualified institutional investors via a private placement. The initial purchasers have been granted an over-allotment option to purchase an additional $15 million in notes. Proceeds from the offering will be used for GPU procurement, data center construction, and general corporate purposes. Concurrently, HIVE has received conditional approval for listing on the Toronto Stock Exchange (TSX) and is expected to graduate from the TSX Venture Exchange to the TSX main board on April 30, 2026.