HIVE Digital to raise $75 million for AI and data centers
By Neo
Published on April 17, 2026.
HIVE Digital Technologies (Nasdaq: HIVE) is planning to raise $75 million for its growth in the artificial intelligence (AI) and data center sectors. The company's subsidiary, HIVE Bermuda 2026 Ltd., plans to offer $75m in specialized "exchangeable senior notes" to large institutional investors, which can be converted into HIVE common shares, cash or both by 2031. The notes carry no interest, meaning the company will not have to make regular interest payments to the lenders. The funds will be used for general corporate growth, data center development, and the purchase of new hardware, specifically graphics processing units (GPUs). HIVE also plans to enter into "capped call" transactions to reduce "dilution" and maintain stable stock structure.
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