HIVE Digital to Raise $75 Million for AI and Data Center Expansion
HIVE Digital Technologies (HIVE) plans to raise $75 million through exchangeable senior notes to fund AI and data center growth. The notes, which carry 0% interest and can be converted into shares or cash by 2031, will be used for corporate growth, data center development, and GPU purchases. The company also plans to enter capped call transactions to mitigate shareholder dilution.
Tickers: $HIVE
Topics: AI Corporate Growth Data Centers Debt Financing GPU Acquisition