Gate News message, April 16 — HIVE Digital Technologies (Nasdaq: HIVE) announced plans to raise $75 million through a private placement of zero-coupon convertible senior notes due in 2031 to qualified institutional investors. Initial purchasers also have the option to acquire an additional $15 million in notes.
Proceeds from the offering will be used for GPU purchases, data center construction, and general corporate purposes. The company has received conditional approval from the Toronto Venture Exchange (TSX Venture) for an upgrade to the main TSX board, with the transition expected to occur on April 30, 2026.
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