PANews reported on April 16 that HIVE Bermuda 2026 Ltd., a wholly-owned subsidiary of HIVE Digital, plans to privately issue $75 million in 0% exchangeable senior notes due in 2031, and grant initial purchase options for an additional $15 million in notes. The notes are general unsecured debt of the issuer, senior unsecured by HIVE Digital, and can be settled under certain conditions by the issuer in cash, HIVE common stock, or a combination of both. The company intends to use the proceeds through its subsidiary for general corporate purposes, capital expenditures such as GPUs, and data center construction. It will also arrange cash-settled capped call transactions with financial institutions, based on its own funds and part of the proceeds, to mitigate share conversion dilution. HIVE has also received conditional approval from the Toronto Stock Exchange, and its common stock is expected to transfer from TSX.V to the TSX main board around April 30.