Hive | Crypto

The Bitcoin miner will use the proceeds to expand GPU capacity and data centers as it scales its high-performance computing business beyond mining. HIVE Digital Technologies said it plans to raise $75 million through a private offering of 0% exchangeable senior notes due 2031, with proceeds expected to fund GPU purchases, data center development and other capital investments. According to Thursday’s announcement, the notes will be issued by a wholly owned subsidiary and offered to qualified institutional buyers, with an option to raise an additional $15 million. Final terms, including the exchange rate, will be set at pricing. The notes will be exchangeable under certain conditions, with HIVE able to settle conversions in cash, common shares or a combination of both. They will not bear regular interest, will not accrete and are unsecured obligations of the issuer, fully guaranteed by HIVE. Read more

HIVE’s Colombia listing provides Andean investors with access to the growing digital infrastructure sector as Bitcoin miners shift their focus toward AI and HPC. HIVE Digital Technologies has debuted on the Colombian Stock Exchange under the ticker HIVECO, becoming the first Bitcoin and AI infrastructure company to trade publicly on a Latin American exchange. The move marks another sign of the sector’s expansion as Bitcoin miners and high-performance computing (HPC) companies push deeper into global capital markets. Announced on Thursday, the listing makes HIVE available to investors across the Andean market system, which links the exchanges of Colombia, Peru and Chile.  For a region traditionally dominated by energy and natural-resources issuers, the addition of a digital infrastructure company offers exposure to a growing sector that sits at the intersection of high-performance computing, renewable power and Bitcoin (BTC). Read more

Hive Digital Technologies, the first publicly traded Bitcoin miner, marks a major milestone at Nasdaq as it accelerates its HPC expansion. Hive Digital Technologies (HIVE) has many firsts in the crypto industry. It was the first publicly traded Bitcoin miner in 2017 and one of the earliest to make a decisive pivot into high-performance computing (HPC) in 2022. Now, Hive is back in the spotlight, ringing the closing bell at the Nasdaq Stock Exchange as it eyes a $100 million annual run rate for its HPC business by next year. Cointelegraph received an exclusive invitation to the Nasdaq event, where we sat down with Executive Chairman Frank Holmes and CEO Aydin Kilic. The two discussed the mining industry’s escalating “scramble for electricity and land,” Bitcoin’s (BTC) evolving role as a reserve asset, and the challenges of still being viewed as a Bitcoin proxy stock in 2025. Read more

Hive Digital Technologies president and CEO Aydin Kilic said Hive is not engaging in short-term regional arbitrage but sees Paraguay as a long-term clean energy partner. Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú facility for $56 million in January. Phase one infrastructure of a 100 MW data center at the site was completed in April, supporting five exahashes per second (EH/s) of application-specific integrated circuit (ASIC) mining. Read more