---
title: "HIVE Digital Technologies Issues $130 Million 0% Exchangeable Notes, Adds Capped Calls"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291398940.md"
description: "HIVE Digital Technologies completed a $130 million financing by issuing 0% exchangeable senior notes due 2031. The notes are exchangeable at an initial rate of 206.9429 shares per $1,000. To mitigate potential dilution and manage cash outflows, HIVE entered into capped call transactions for approximately $15.7 million with an initial cap price of $8.5275."
datetime: "2026-07-01T10:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291398940.md)
  - [en](https://longbridge.com/en/news/291398940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291398940.md)
generator: "portal-rs"
---

# HIVE Digital Technologies Issues $130 Million 0% Exchangeable Notes, Adds Capped Calls

HIVE Digital Technologies completed a financing that includes issuing $130 million of 0% exchangeable senior notes due 2031 and entering capped call transactions to mitigate dilution. The notes, guaranteed by HIVE, are exchangeable at an initial rate of 206.9429 shares per $1,000 (implied price about $4.83) and allow settlement in cash, shares, or both. Holders have a put right in 2030 and upon certain fundamental changes; the issuer may redeem beginning July 5, 2029 if price conditions are met. To reduce potential dilution and manage exchange-related cash outflows, HIVE purchased capped calls for about $15.7 million, with an initial cap price of $8.5275.

**Agreement 1: HIVE Digital Technologies Issues $130 Million 0% Exchangeable Notes Due 2031**

-   **Agreement type**: Indenture for $130 million 0% exchangeable senior notes due 2031
-   **Counterparty**: U.S. Bank Trust Company, as trustee; note investors
-   **Signed / Effective**: Jun 30 2026 / Jun 30 2026
-   **Duration / Termination**: 5 years, to Jul 01 2031
-   **Reason**: Raise capital with flexible settlement and potential equity conversion

**Agreement 2: HIVE Digital Technologies Adds Capped Calls to Reduce Dilution on Exchangeable Notes**

-   **Agreement type**: Capped call transactions related to exchangeable notes
-   **Counterparty**: Certain financial institutions (Option Counterparties)
-   **Signed / Effective**: Jun 25 2026 / Jun 25 2026
-   **Duration / Termination**: Until note maturity
-   **Reason**: Reduce dilution and manage exchange-related cash outflows

Original SEC Filing: HIVE Digital Technologies Ltd. \[ HIVE \] - 8-K - Jun. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**