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HIVE Digital Completes $115 Million Convertible Notes Offering Due 2031

The company said net proceeds of about $109.5 million will support capital expenditures, including graphics processing unit purchases, data center construction, and general corporate purposes.

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Terms & Concepts
  • Convertible senior notes: Debt securities that can be converted into company shares under set terms and typically rank above equity in repayment priority.
  • 0% convertible notes: Convertible debt that pays no regular interest, with investor return tied mainly to conversion terms and principal repayment.
  • GPU (graphics processing unit): A high-performance chip widely used in crypto mining and artificial intelligence workloads because it can process many calculations in parallel.