BlockBeats News, April 16th, Bitcoin mining company HIVE Digital Technologies announced a private placement of $75 million of 0% convertible senior notes due in 2031, with the proceeds intended for GPU purchases, data center expansion, and general corporate purposes. The company has received conditional approval from the Toronto Stock Exchange and expects its stock to be moved from the TSX Venture Exchange to the main board (TSX) around April 30th.

Meanwhile, HIVE continues its transition to high-performance computing and AI workloads. In March of this year, due to a tax dispute with the local Swedish government, the company announced the gradual cessation of ASIC Bitcoin mining at its Boden facility in Sweden and the transformation of the facility into a Tier 3 high-performance computing data center to support GPU clusters.