---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-002077"
form_type: "8-K"
ticker: "HIVE"
cik: "0001720424"
company_name: "HIVE Digital Technologies Ltd."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:54:36.891593+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HIVE closes $115M 0% exchangeable notes due 2031; upsized from $75M

## Summary
- Issued $115M principal 0% exchangeable senior notes due 2031; full $15M greenshoe exercised.
- Initial exchange price $2.57/share (17.5% premium to $2.185 closing on April 16).
- Capped call transactions cost ~$19.8M; cap price $4.92/share (125% premium) to reduce dilution.
- Net proceeds ~$109.5M for GPU purchases, data center development, and general corporate purposes.
- Conditional TSX listing approved; shares expected to start trading on TSX around April 30, 2026.

## SEC filing metadata
- accession: 0001062993-26-002077
- form_type: 8-K
- ticker: HIVE
- cik: 0001720424
- company_name: HIVE Digital Technologies Ltd.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/0001062993-26-002077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-002077
- JSON: https://secwatch.observer/filing/0001062993-26-002077.json
- Plain text: https://secwatch.observer/filing/0001062993-26-002077.txt

## Source-grounded claims
- claim_id: 4c6233c27fbc77ba26f0f40d8b491330f39a61ce
  claim: HIVE Digital Technologies Ltd. incurred convertible notes of $115 million aggregate principal amount with Initial Purchasers at 0% maturing April 15, 2031.
  evidence_excerpt: On April 21, 2026, HIVE Bermuda 2026 Ltd., a Bermuda exempted company limited by shares (the “ Issuer ”) that is a wholly-owned subsidiary of HIVE Digital Technologies Ltd. (the “ Company ”), issued $115 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the “ Notes ”), which amount includes the exercise in full of the initial purchasers’ (collectively, the “ Initial Purchasers ”) option to purchase up to an additional $15 million aggregate principal amount of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/0001062993-26-002077-index.htm
- claim_id: 8b88c86bac5ea112a3f90a6a935012b17e8444fc
  claim: HIVE Digital Technologies Ltd. entered into Indenture with U.S. Bank Trust Company, National Association valued at $115 million aggregate principal amount (effective 2026-04-21).
  evidence_excerpt: On April 21, 2026, HIVE Bermuda 2026 Ltd., a Bermuda exempted company limited by shares (the “ Issuer ”) that is a wholly-owned subsidiary of HIVE Digital Technologies Ltd. (the “ Company ”), issued $115 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the “ Notes ”), which amount includes the exercise in full of the initial purchasers’ (collectively, the “ Initial Purchasers ”) option to purchase up to an additional $15 million aggregate principal amount of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/0001062993-26-002077-index.htm
- claim_id: 8e8ad8fc11bb9e542c1c840c0dcc357368e8061c
  claim: HIVE Digital Technologies Ltd. entered into Capped Call Transactions with certain financial institutions valued at approximately $19.8 million (effective 2026-04-16).
  evidence_excerpt: On April 16, 2026, in connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions (the “ Base Capped Call Transactions ”) with certain financial institutions (collectively, the “ Option Counterparties ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/0001062993-26-002077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.