Bitcoin miner HIVE Digital Technologies is planning a private placement of $75 million in 0% convertible senior notes

BlockBeats News, April 16th, Bitcoin mining company HIVE Digital Technologies announced a private placement of $75 million of 0% convertible senior notes due in 2031 to fund GPU purchases, data center expansion, and general corporate purposes. The company has received conditional approval from the Toronto Stock Exchange and expects its stock to be uplisted from the TSX Venture Exchange to the main board (TSX) around April 30th.

Meanwhile, HIVE continues its shift towards high-performance computing and AI workloads. In March of this year, due to a tax dispute with the Swedish local government, the company announced the gradual cessation of ASIC Bitcoin mining activities at its Boden facility in Sweden and the upgrade of the facility to a Tier-3 high-performance computing data center to support a GPU cluster.