HIVE Digital completes $115 million private placement of convertible senior notes

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HIVE Digital, a technology company focused on crypto mining and high-performance computing hosting (NASDAQ: HIVE), announced that its wholly owned subsidiary, HIVE Bermuda 2026 Ltd., has completed a private placement of $115 million in 0% convertible senior notes due 2031.
The offering includes a full exercise of the initial purchasers’ $15 million over-allotment option.
The notes will mature on April 15, 2031, with an initial conversion rate of 389.5029 shares of common stock per $1,000 principal amount, equivalent to approximately $2.57 per share, representing a 17.5% premium over the closing price of $2.185 on April 16, 2026.
Additionally, the company has entered into capped call transactions with a cap price of $4.92 per share.

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