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FinanceHIVE Digital closes $130M private offering of 0% exchangeable senior notes
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HIVE Digital Technologies Ltd. (NASDAQ: HIVE) announced on June 30, 2026, that its wholly-owned subsidiary, HIVE Bermuda 2026 Ltd., closed a private offering of $130 million aggregate principal amount of 0% exchangeable senior notes due 2031, including the full exercise of an option to purchase an additional $15 million in notes. The offering was made to qualified institutional buyers under Rule 144A. Separately, on June 25, HIVE signed a non-binding letter of intent with an investment-grade Swedish technology company for an up to 10-year lease of its 32-megawatt Boden, Sweden facility. HIVE operates green energy-powered data centers for computing and cryptocurrency mining in Sweden, Canada, and Iceland. The article also promotes a report on AI stocks, suggesting certain AI stocks may offer better upside than HIVE.
Source report
Author: Noor Ul Ain Rehman Source: Insider Monkey
HIVE Digital Technologies Ltd. (NASDAQ: HIVE) announced on June 30 that its wholly-owned subsidiary, HIVE Bermuda 2026 Ltd., has closed a private offering of $130 million aggregate principal amount of 0% exchangeable senior notes due 2031.
The offering was made to persons reasonably believed to be qualified institutional buyers, pursuant to Rule 144A under the Securities Act of 1933, as amended. The company also confirmed that the initial purchasers exercised their option in full to purchase an additional $15 million aggregate principal amount of the notes.
Additional Development: Lease Agreement in Sweden
On June 25, HIVE Digital Technologies announced the signing of a non-binding letter of intent with an investment-grade, sovereign Swedish technology company. The agreement outlines a potential lease of the company's 32-megawatt Boden, Sweden facility for a term of up to 10 years.
The company noted that the letter of intent is subject to the execution and negotiation of a definitive agreement.
About HIVE Digital Technologies
HIVE Digital Technologies Ltd. operates data centers for computing and cryptocurrency mining, including Bitcoin and other digital assets. The company owns and operates green energy-powered data center facilities in:
- Sweden
- Canada
- Iceland
HIVE Digital (HIVE) is recognized as one of the best strong buy penny stocks to invest in now. However, certain AI stocks may offer greater upside potential with lower downside risk.
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Source
Yahoo FinanceWestern
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HIVE Digital Technologies Closes $130 Million Private Offering of Exchangeable Senior Notes