Jun 25
HIVE Digital raises $100m via 0% exchangeable notes due 2031
HIVE Digital targets $100 million in private funding for data center and GPU compute HIVE Digital Technologies, a crypto and high-performance computing
➤ HIVE Digital plans to raise $100 million through 0% exchangeable senior notes due 2031 to fund data center and GPU compute expansion. ➤ The financing structure uses exchangeable notes with equity-linked settlement to bridge the gap between rapid build-out cycles and longer payback periods for infrastructure firms. ➤ Investors will monitor pricing details, use of proceeds, and the impact of hedging activities on share trading dynamics and potential dilution.