Canadian Bitcoin miner Hive Digital wraps up a $22 million financing deal, selling 5.75 million special warrants at $3.87 each. The funds will fuel the growth of its Bitcoin mining operations, supporting a robust strategy to HODL Bitcoin until the upcoming Halving in 2026.
Hive Digital, a prominent Canadian Bitcoin miner, has successfully secured $22 million in financing through the sale of 5.75 million special warrants at $3.87 each. The offering comprises one common stock and half of a common share purchase warrant. Holders can exercise their warrant rights, purchasing one Hive share at $4.54 for every two warrants before Dec. 28, 2026. The net proceeds are earmarked to bolster the company’s Bitcoin mining footprint, alongside allocations for working capital and general corporate needs. Notably, the company aims to HODL all acquired Bitcoin until the upcoming Halving.
In November, Hive Digital achieved an impressive daily average of 9.2 BTC with a mining capacity of 4.18 exahash per second. With a fleet of 3,750 Bitcoin ASIC miners, the company’s strategic move to expand operations in Sweden has paid off, especially amid the recent surge in Bitcoin prices.