ME News reports that on April 16 (UTC+8), HIVE Digital Technologies (Nasdaq: HIVE) announced its intention to issue $75 million in zero-coupon senior convertible notes maturing in 2031 through a private placement to qualified institutional investors, with an additional 15 million USD over-allotment option available to the initial purchasers. The proceeds will be used for GPU procurement, data center construction, and general corporate purposes. Meanwhile, HIVE has received conditional approval for listing on the Toronto Stock Exchange (TSX), with an expected transition from the TSX Venture Exchange to the TSX main board on April 30, 2026. (Source: ChainCatcher)
HIVE Digital to Issue $75M Notes and Upgrade to TSX Main Board
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Summary
HIVE Digital Technologies, spun off from MetaEra, plans to issue $75 million in zero-coupon senior exchangeable notes through a private placement to qualified institutional buyers, with a $15 million over-allotment option. The proceeds will support GPU purchases, data center construction, and corporate needs. The company has received conditional approval from the TSX Venture Exchange to list on the TSX main board via a blockchain upgrade, expected by April 30, 2026. A network upgrade is also underway to facilitate the transition.
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