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FINWIRES

HIVE Digital Technologies Prices US$115 Million Senior Notes Offering

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HIVE Digital Technologies (HIVE.TO) has priced a private offering of US$115 million of 0% exchangeable senior notes due 2031 by its subsidiary HIVE Bermuda.

The principal amount was increased from US$100 million previously, the data center operator said Thursday. The initial purchasers were granted an option to buy up to US$15 million of additional notes, exercisable within a 13-day period after issuance.

Net proceeds are expected to be US$110 million, or about US$124.5 million if initial purchasers exercise their option in full. Net proceeds will be used to fund general corporate purposes, capital investment and data center development of HIVE's subsidiaries.

The sale is scheduled to close on June 30.

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