HIVE Digital Completes $115 Million Zero-Coupon Convertible Bond Issuance, Plans to Transfer to Toronto Stock Exchange

On April 22, HIVE Digital’s wholly-owned subsidiary HIVE Bermuda 2026 Ltd. completed a private placement of $115 million in zero-coupon senior convertible bonds (including an overallotment of $15 million), with the bonds set to mature in 2031. The initial conversion price is approximately $2.57 per share, representing a 17.5% premium over the latest trading price. The company also completed a cash settlement capped subscription transaction, with a cap price of $4.92 per share, reflecting a 125% premium. Additionally, HIVE Digital plans to transfer its stock from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.

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