Bitcoin miner HIVE plans $75M zero-coupon note offering to fund GPU and AI data center expansion

HIVE Digital Technologies is raising $75M through 0% exchangeable senior notes due 2031, with an option for an additional $15M, earmarked for GPU acquisitions and data center buildout as the Bitcoin miner accelerates its AI infrastructure pivot. The notes are unsecured obligations offered to institutional buyers under Rule 144A, with capped call transactions planned to limit share dilution. HIVE also received conditional TSX approval to uplist from the Venture Exchange around April 30, giving it dual NASDAQ/TSX listing status. Shares dropped ~7% after hours on dilution concerns.

TLDR by @Benthic

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