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HIVE Digital Technologies (CVE: HIVE) focuses on building and operating cutting-edge data centers. By combining its expertise in data center operations with Bitcoin mining, HIVE is actively involved in the decentralized digital economy, driving advances in Web3, artificial intelligence and HPC. It was listed on the Toronto Risk Exchange in 2017.
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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 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.