HIVE Upsizes Private Note Offering
Analysis based on 10 articles · First reported Jun 25, 2026 · Last updated Jun 26, 2026
The private offering of exchangeable senior notes by HIVE Bermuda 2026 Limited, guaranteed by Digital asset Ltd., is expected to provide capital for Digital asset Ltd.'s general corporate purposes, capital investment, and data center development. This could lead to increased operational capacity and potentially higher revenue, positively impacting Digital asset Ltd.'s stock price. The capped call transactions are designed to reduce potential economic dilution of Digital asset Ltd.'s common shares upon exchange of the notes.
Digital asset Ltd., through its wholly-owned subsidiary HIVE Bermuda 2026 Limited, announced a private offering of US$115 million aggregate principal amount of 0% exchangeable senior notes due 2031. The offering was upsized from the initially announced US$100 million. The notes will be general unsecured obligations of HIVE Bermuda 2026 Limited and will be fully and unconditionally guaranteed by Digital asset Ltd. The proceeds are intended for Digital asset Ltd.'s general corporate purposes, capital investment, including the purchase of graphics processing units, and data center development across its operations in Canada, Sweden, and Paraguay. In connection with the offering, Digital asset Ltd. expects to enter into capped call transactions to reduce potential economic dilution of its common shares.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard