HIVE Digital Announces $25M Bought Deal Private Placement Of 5M Special Warrants At A Price Of $5/Warrant Financing To HODL Bitcoin Production And Expand Green Mining Footprint By 100MW
Portfolio Pulse from Benzinga Newsdesk
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has announced a $25 million bought deal private placement of 5 million special warrants at $5 each to support its Bitcoin production and expand its green mining operations by 100MW. The deal is led by Stifel Canada and Canaccord Genuity, with an option for the underwriters to purchase an additional 15% of the special warrants. The offering is contingent on regulatory and corporate approvals.
December 19, 2023 | 4:44 pm
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HIVE Digital Technologies Ltd. is raising $25 million through a private placement of special warrants to fund its Bitcoin production and green mining expansion.
The announcement of a significant capital raise typically indicates a company's growth prospects and can be viewed positively by investors. The funds are earmarked for expanding Bitcoin production and green mining operations, which are key strategic areas for HIVE. This could lead to increased investor confidence and a potential short-term uptick in the stock price.
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IMPORTANCE 80
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