HIVE Digital Completes $115M Zero-Coupon Convertible Bond Offering, Plans TSX Uplisting

Gate News message, April 22 — HIVE Digital's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. completed a private placement of $115 million in zero-coupon convertible senior notes (including $15 million from over-allotment option), with maturity in 2031. The initial conversion price is approximately $2.57 per share, representing a 17.5% premium to the latest trading price.

Simultaneously, HIVE Digital completed a cash-settled exchange-traded note transaction with an upper strike price of $4.92 per share, representing a 125% premium. The company also plans to uplist its shares from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.