HIVE Digital Technologies, a technology company specializing in cryptocurrency mining and high-performance computing hosting, announced that its subsidiary has completed a $115 million private placement of 0% interest-bearing convertible senior notes (dating to 2031), including a $15 million over-allotment option. HIVE Digital stated that the net proceeds from this financing amount to approximately $109.5 million, which will be primarily used for capital expenditures (including GPU procurement), data center construction, and general corporate purposes, supporting its AI infrastructure expansion strategy. The initial conversion price of the notes is approximately $2.57 per share, representing a premium of approximately 17.5% over the pre-issuance share price, with a capped hedging premium of up to 125%. The zero-interest financing has attracted a new batch of institutional investors and will help achieve its 2026 growth target while reducing capital costs.