HIVE is trading at $3.42, down 6% today, following the announcement of the closing of a $130 million private offering of 0% exchangeable senior notes due 2031.
- The notes were issued via the company's subsidiary, HIVE Bermuda 2026 Ltd.
- The stock's decline appears driven by investor concerns regarding potential dilution and financing terms, especially as the broader crypto market is currently trading modestly higher.