HIVE Raises Capital for AI and Data Centers

HIVE Digital Technologies is preparing to raise $75 million through a private offering of exchangeable senior notes, as the crypto miner accelerates its push into data centers and artificial intelligence infrastructure.

The company said it intends to issue $75 million in zero-interest notes due 2031, with an option for investors to purchase an additional $15 million. The securities will be offered to institutional buyers and can be exchanged into cash, shares, or a combination of both.

The proceeds will go toward capital investment and expansion, including the purchase of graphics processing units and the development of data centers. Funds will be channeled through HIVE’s subsidiaries, which…