On June 30, 2026, HIVE Bermuda 2026 Ltd., a subsidiary of HIVE Digital Technologies Ltd., issued $130 million in aggregate principal amount of 0% exchangeable senior notes due July 1, 2031. The notes are guaranteed by the parent company and have an initial exchange price of approximately $4.83 per common share (206.9429 shares per $1,000 principal). To mitigate dilution, the company entered into capped call transactions between June 25 and June 26, 2026, with a cap price of $8.5275, costing a total of approximately $15.7 million funded via cash on hand. HIVE Digital Technologies Ltd. operates in the technology industry, focusing on high-performance computing and cryptocurrency mining.
