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HIVE Digital Announces At-The-Market Equity Program
Newsfileยท 2025-11-26 00:29
Core Viewpoint - HIVE Digital Technologies Ltd. has entered into an equity distribution agreement to sell up to US$300 million of its common stock through an "at-the-market" equity program, allowing for flexible sales at prevailing market prices [1][2][3]. Group 1: Equity Distribution Agreement - The equity distribution agreement involves multiple agents, including Keefe, Bruyette & Woods, Inc. and Stifel Nicolaus Canada Inc., among others [1]. - The company is not obligated to sell any shares under this agreement, and it will terminate once the aggregate gross sales proceeds reach US$300 million [3]. Group 2: ATM Program Details - The ATM program allows the company to sell common shares at the market price from time to time, providing flexibility in capital raising [2]. - Sales will be conducted in accordance with specific regulations under Canadian and U.S. securities laws [3][4]. Group 3: Offering Documents - The sales will be made under a prospectus supplement dated November 25, 2025, which is part of the company's short form base shelf prospectus filed in Canada and a registration statement filed with the U.S. SEC [4][5]. - Copies of the offering documents are available on SEDAR+ and EDGAR, providing important information for prospective investors [5]. Group 4: Company Overview - HIVE Digital Technologies Ltd. was founded in 2017 and focuses on building sustainable blockchain and AI infrastructure powered by renewable energy [7]. - The company operates globally, with a presence in Canada, Sweden, and Paraguay, emphasizing operational excellence and green energy leadership [7].