TechFlow reports that on June 29, according to DataCenterDynamics, Bitcoin mining company and data center Hive Digital Technologies officially announced plans to raise $100 million through the issuance of zero-interest exchangeable senior notes due 2031, to further expand computing power infrastructure.
Additionally, the company has signed a non-binding letter of intent (LOI) with a Swedish sovereign technology enterprise with an investment-grade credit rating, planning to lease approximately 30MW of computing power resources at its data center, with a lease term of up to 10 years. According to the agreement, Hive will deploy approximately 25MW of IT computing capacity and plans to use up to 10,000 Nvidia GB300 GPUs; however, the LOI still requires further negotiation and the signing of a final formal agreement.
