HIVE plans $75M raise to fund AI infrastructure push

HIVE plans $75M raise to fund AI infrastructure push

2.67%TRX$0.3269 0.21%BCH$446.41 1.50%DOGE$0.09883 3.55%XLM$0.1682 6.08%ETH$2,347 0.64%BNB$633.49 1.59%SOL$89.16 4.89%HYPE$43.69 2.51%XMR$345 0.98%XRP$1.44 4.00%ADA$0.2588 4.15%BTC$75,023 0.32%USD Written by Nate Kostar,Staff WriterReviewed by Robert Lakin,Staff EditorHIVE plans $75M raise to fund AI infrastructure push1 hour agoThe 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. F

Source: https://cointelegraph.com/news/hive-plans-75m-raise-to-fund-ai-infrastructure-push?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound