{"id":584723,"date":"2026-04-16T21:38:18","date_gmt":"2026-04-16T21:38:18","guid":{"rendered":"https:\/\/Blockchain.News\/news\/hive-stock-drops-75m-raise-ai-data-centers"},"modified":"2026-04-16T21:38:18","modified_gmt":"2026-04-16T21:38:18","slug":"hive-stock-drops-11-after-announcing-75m-raise-for-ai-data-centers","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/16\/hive-stock-drops-11-after-announcing-75m-raise-for-ai-data-centers\/","title":{"rendered":"HIVE Stock Drops 11% After Announcing $75M Raise for AI Data Centers"},"content":{"rendered":"
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Alvin Lang<\/a> Apr 16, 2026 21:38<\/span> <\/p>\n

HIVE Digital plans zero-interest notes offering to fund GPU expansion as Bitcoin miners accelerate pivot toward AI infrastructure.<\/p>\n

\"HIVE <\/a> <\/figure>\n

HIVE Digital Technologies shares tumbled 11.5% Thursday after the company announced plans to rai<\/a>se $75 million through zero-interest exchangeable notes, with proceeds earmarked for GPU purchases and data center expansion.<\/p>\n

The offering, due 2031, will be issued through a wholly owned subsidiary to qualified institutional buyers, with an option to increase the raise to $90 million. HIVE can settle future conversions in cash, shares, or both\u2014a structure designed to give the company flexibility while limiting immediate dilution through planned capped call transactions.<\/p>\n

Market reaction outpaces sector decline<\/h2>\n

The stock’s 11.5% drop far exceeded the broader mining sector’s 1.5% decline, as measured by the CoinShares Bitcoin<\/a> Mining ETF. HIVE represents the seventh-largest holding in that fund at 4.89% weight.<\/p>\n

Dilution concerns likely drove the selloff, though the company’s AI pivot has been delivering results. Third-quarter revenue hit $93.1 million\u2014up 219% year over year\u2014despite weaker Bitcoin prices and rising network difficulty. In February, HIVE signed a two-year, $30 million deal to deploy 504 Nvidia B200 GPUs for enterprise AI cloud services.<\/p>\n

The company also disclosed conditional approval to list on the Toronto Stock Exchange, with trading expected later this month.<\/p>\n

The great mining migration continues<\/h2>\n

HIVE was among the first Bitcoin miners to pivot toward high-performance computing back in 2022, and the rest of the industry has followed. The list of miners chasing AI workloads now reads like a who’s who of the sector: MARA Holdings, Riot Platforms, Bitdeer, TeraWulf, Hut 8, CleanSpark, and IREN have all made significant moves.<\/p>\n

CleanSpark agreed in January to buy 447 acres in Texas for a 300-megawatt AI data center, expandable to 600 MW. MARA acquired a majority stake in French computing company Exaion in February. TeraWulf landed a Google-backed AI hosting deal.<\/p>\n

Then there’s CoreWeave\u2014the pivot success story. The former crypto miner shifted to HPC in 2019 and just announced a $6 billion agreement with Jane Street for AI computing capacity, plus a $1 billion equity investment. Days earlier, it signed a multi-year deal with Anthropic to support Claude’s large language models.<\/p>\n

Why miners have an edge<\/h2>\n

The logic behind the pivot is straightforward: Bitcoin miners already have what AI companies desperately need. Access to cheap power. Existing data center infrastructure. Experience managing heat-intensive computing at scale.<\/p>\n

Whether that translates to sustainable competitive advantage remains the open question. For now, investors appear skeptical that HIVE’s $75 million raise\u2014even at 0% interest\u2014justifies the potential dilution, especially with shares already under pressure from broader crypto market weakness.<\/p>\n

The offering terms, including the exchange rate, will be finalized at pricing.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alvin Lang Apr 16, 2026 21:38 HIVE Digital plans zero-interest notes offering to fund GPU expansion as Bitcoin miners accelerate pivot toward AI infrastructure. HIVE Digital Technologies shares tumbled 11.5% Thursday after the company announced plans to raise $75 million through zero-interest exchangeable notes, with proceeds earmarked for GPU purchases and data center expansion. The […]<\/p>\n","protected":false},"author":1,"featured_media":584724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[23898,61,17523,22078,2147,25],"class_list":{"0":"post-584723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-ai-data-centers","9":"tag-bitcoin-mining","10":"tag-crypto-stocks","11":"tag-gpu-computing","12":"tag-hive","13":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=584723"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/584724"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=584723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=584723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=584723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}