Hive Digital will raise $100 million through a bond offering and has signed a letter of intent to deploy approximately 10,000 NVIDIA GPUs

Svmuu News Bitcoin Mining company and data center operator Hive Digital Technologies announced that it will raise $100 million through the issuance of zero-coupon exchangeable senior notes maturing in 2031 to further expand its computing infrastructure.In addition, the company has signed a non-binding letter of intent (LOI) with a Swedish sovereign technology enterprise with an investment-grade credit rating to lease approximately 30 MW of computing capacity at its data center for a term of up to 10 years.Under the agreement, Hive will deploy approximately 25 MW of IT computing capacity and plans to use up to 10,000 Nvidia GB300 GPUs; however, the LOI is still subject to further negotiations and the signing of a final formal agreement. (DataCenterDynamics)