HIVE Digital (HIVE) Stock Sinks 11% as It Bets $75M on AI

HIVE Digital plans to raise $75M via 0% exchangeable senior notes due 2031 to fund GPU purchases and data center expansion. The move aims to scale its AI and high-performance computing business. Following the announcement, HIVE stock dropped 11.5%, reflecting investor concern over the funding and strategic shift.

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