HIVE Digital Closes $115 Million Exchangeable Senior Note Offering

Apr 23, 2026 | News

Kavinoky Cook congratulates our client, HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) and its subsidiary, HIVE Bermuda 2026 Ltd., on successfully closing an institutional placement of $115 million in 0% exchangeable senior notes. We acted as U.S. counsel to HIVE. The offering was upsized from an originally announced $75 million, based upon strong institutional demand. HIVE also entered into capped call transactions designed to minimize shareholder dilution upon exchange. Net proceeds of approximately $109.5 million will be deployed toward general corporate purposes, capital investment, and data center development across HIVE's Canadian, Swedish and Paraguayan operations. The transaction provides HIVE with low-cost capital to execute its 2026 growth targets in AI infrastructure. For more information, see HIVE Digital's full announcement: HIVE Digital Announces Closing of Private Offering of US$115 Million of 0% Exchangeable Senior Notes Due 2031

Kavinoky Cook congratulates our client, HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) and its subsidiary, HIVE Bermuda 2026 Ltd., on successfully closing an institutional placement of $115 million in 0% exchangeable senior notes. We acted as U.S. counsel to HIVE.

The offering was upsized from an originally announced $75 million, based upon strong institutional demand. HIVE also entered into capped call transactions designed to minimize shareholder dilution upon exchange.

Net proceeds of approximately $109.5 million will be deployed toward general corporate purposes, capital investment, and data center development across HIVE’s Canadian, Swedish, and Paraguayan operations. The transaction provides HIVE with low-cost capital to execute its 2026 growth targets in AI infrastructure

For more information, see HIVE Digital’s full announcement:  HIVE Digital Announces Closing of Private Offering of US$115 Million of 0% Exchangeable Senior Notes Due 2031

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