As reported by Bijiawang, HIVE Digital Technologies has launched a $300 million at-the-market share offering to boost financial flexibility following a record quarter. The program, facilitated by banks including KBW, Stifel, and Cantor Fitzgerald, allows HIVE to sell shares at market price as needed. The move is part of the company’s strategy to expand into AI and high-performance computing infrastructure, including the recent purchase of a 32.5-acre site in New Brunswick for a renewable energy plant. HIVE’s Q3 revenue rose 285% to $87.3 million, and Bitcoin production increased 77% to 717 BTC. Despite the expansion, HIVE’s stock has fallen from a three-year high of $6.60 in early October to around $3.10.
Bitcoin Miner Hive Launches $300M Share Offering After Record Quarter
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