secwatch.observer — SEC 8-K summary
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Issuer:     HIVE Digital Technologies Ltd. (HIVE)
CIK:        0001720424
Form:       8-K
Filed at:   2026-07-01T00:02:02+00:00
Accession:  0001062993-26-003439
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326003439/0001062993-26-003439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326003439/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-003439

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