HIVE Digital has completed the issuance of $115 million zero-interest convertible bonds and plans to transfer to the Toronto Stock Exchange
By: rootdata|2026/04/22 02:42:01
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HIVE Digital's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. has completed a private placement of $115 million zero-coupon convertible senior bonds (including an overallotment of $15 million), with the bonds maturing in 2031. The initial conversion price is approximately $2.57 per share, representing a premium of 17.5% over the latest trading price; the company has also completed a cash settlement capped subscription transaction, with a cap price of $4.92 per share, representing a premium of 125%.
In addition, HIVE Digital plans to transfer its stock from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.