ConvertibleActive
0% Convertible Notes due 2031
HIVE-Apr31
BTC Holdings
2,100 BTC
Total Debt
$128.78M
Leverage
71.5%
mNAV
3.36x
Outstanding
$115.00M
Insufficient history
Issue date
2026-04-21
Principal
$115.00M
Coupon
0.00%
Maturity
2031-04-15
Conversion price
$2.57
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured (issued by HIVE Bermuda 2026 Ltd., guaranteed on senior unsecured basis by HIVE Digital Technologies Ltd.)
- Settlement
- cash, shares, or combination (at issuer election)
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Call provision
- On or after Apr 20 2029 if stock >= 130% of exchange price for 20 of 30 consecutive trading days; also tax-related redemption any time
- Put provision
- Holder put at par on Apr 15 2029; fundamental-change put at par
- Use of proceeds
- General corporate purposes, capital investment including GPU purchases, and data center development
- Capped call
- Cap price approximately $4.92/share (125% premium over Apr 16 2026 close); total cost $19.8M ($17.2M base + $2.6M additional)
Sources(2)
- Form 8-K ($75M exchangeab…FilingForm 8-K ($75M exchangeable notes announcement, TSX listing approval)Item 1.01Pricing announcementHIVE Digital Technologies Ltd. — 2026-04-15
- Form 8-K (closing of $115…FilingForm 8-K (closing of $115M 0% exchangeable senior notes due 2031)Item 1.01Closing termsHIVE Digital Technologies Ltd. — 2026-04-22
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2026-04-21 | Issuance | $115.00M | Form 8-K (closing of $115… |
- 2026-04-21 — $115,000,000Item 1.01 — filing — HIVE Digital Technologies Ltd.Source