HIVE Digital closes $130M 0% exchangeable notes due 2031; enters capped call transactions

HIVE Digital Technologies Ltd.

Issued $130M aggregate principal of 0% exchangeable senior notes due 2031; includes full exercise of $15M greenshoe.
Initial exchange price ~$4.83 per share (27.5% premium to $3.79 closing price on June 25, 2026).
Entered capped call transactions with initial cap price $8.5275; total cost $15.7M funded from cash on hand.
Net proceeds ~$124.5M to be used for GPU purchases, data center development, and general corporate purposes.
Combined with April 2026 offering, HIVE raised $245M from 0% coupon notes this quarter.

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