HIVE Digital Technologies to Raise $75 Million for AI Infrastructure Expansion
HIVE Digital Technologies plans a $75 million note offering to expand its AI infrastructure and data centers. The fundraising aims to enhance corporate capital investments, including GPU purchases.
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HIVE Digital Technologies (HIVE) is set to issue $75 million in 0% exchangeable senior notes due 2031, with proceeds aimed at expanding artificial intelligence infrastructure. The notes will be offered through HIVE Bermuda 2026 Ltd., a subsidiary, and will also fund general corporate activities, including data center expansion and GPU acquisitions.
HIVE has reported record revenues of $93.1 million for the third fiscal quarter ending December 31, 2025, a 219% increase year-over-year. The company is transitioning from ASIC-based bitcoin mining to high-performance computing and has initiated AI infrastructure deployment in Latin America. This shift may mitigate risks associated with declining bitcoin activity and open new revenue streams.
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