HIVE Digital prices $100M zero-coupon exchangeable notes to fund expansion and data centers

HIVE Digital Technologies Ltd has priced $100 million of zero-coupon exchangeable senior notes due 2031, increasing the deal size from $75 million. The proceeds will finance investments in subsidiaries, capital expenditures including GPU purchases, and data center development. The notes, issued by HIVE's subsidiary to qualified institutional buyers, carry no regular interest and mature in 2031 unless converted earlier. HIVE also secured capped call transactions to limit dilution and received conditional approval to list on the Toronto Stock Exchange, expecting to start trading around April 30.