Crypto mining company HIVE Digital completes US$21.78 million in buyout private placement financing
Cryptocurrency mining company HIVE Digital Technologies Ltd. (HIVE) announced the completion of its previously announced bought deal private placement financing, issuing a total of 5.75 million Special Warrants priced at 5 Canadian dollars per warrant, raising a total of 28.75 million Canadian dollars (approximately 21.78 million U.S. dollars). The funds will be used to support the growth of its bitcoin mining business and expand its green mining footprint.
The Special Warrants and their represented units (Units) will adhere to a statutory hold period of four months and one day as required by applicable securities laws. Each Special Warrant will entitle the holder to acquire one Unit, with each Unit consisting of one common share of the company and half of one common share purchase warrant. Each full purchase warrant will entitle the holder to purchase one common share of the company at a price of 6 Canadian dollars per share until December 28th, 2026.
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