HIVE Digital Technologies Ltd. (Nasdaq: HIVE) and Crypto Stocks Gain as Bitcoin Soars

Bitcoin US (BTC) is trading up at 79,135.65 +3,288.97 (+4.34%) on easing geopolitical tensions and institutional buying.

HIVE Digital Technologies Ltd. (Nasdaq: HIVE) (TSXV: HIVE) is currently trading at 2.6650 +0.1850 (+7.46%)

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) (BVC: HIVECO) just announced that HIVE Bermuda 2026 Ltd., its wholly-owned subsidiary (the "Issuer") has closed its private offering (the "Offering") of US$115 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Offering included the exercise in full of the initial purchasers' option to purchase an additional US$15 million aggregate principal amount of Notes (the "Option").

Frank Holmes, Executive Chairman of HIVE stated, "We are very pleased with the outcome of this offering. We believe the results are outstanding, as the strong demand for this offering led to an upsized deal while maintaining a 0% coupon and the strong conversion premium of 125% with the capped call."

Aydin Kilic, President & CEO of HIVE added, "These exchangeable senior notes bring a new class of institutional investors to HIVE, and we welcome the additional liquidity. We believe zero-interest rate debt signals the confidence investors have in our ability to drive the value of HIVE shares to realize the exchangeable premium of these notes. This minimizes dilution while positioning HIVE with a low cost of capital to realize its 2026 growth targets for AI infrastructure."

Full News

MARA Holdings, Inc. (Nasdaq: MARA) is trading at $12.03 +0.80 (+7.08%) on a volume of over 25 Million shares.

Riot Platforms, Inc. (Nasdaq: RIOT) is also up trading at 18.48 +1.07 (+6.12%) on volume of over 6.9 Million shares.