HIVE Digital Expands $100M Note Offering to $115M for AI Infrastructure Growth
HIVE Digital Technologies has upsized its zero-coupon exchangeable note offering from $100 million to $115 million, aiming to accelerate expansion in AI infrastructure and GPU cloud services. The funding will support the acquisition of NVIDIA GPUs under a recent agreement with Cohere and help finance upgrades at HIVE's Boden, Sweden data center.
Topics: AI infrastructure equity financing GPU cloud HPC data centers