HIVE Digital Technologies is preparing to raise $75 million as it accelerates its shift from Bitcoin mining toward AI-driven computing and data center infrastructure.

The company announced plans to issue 0% exchangeable senior notes due in 2031, with the offering targeting institutional investors and including an option to raise an additional $15 million.

Funding Focused on GPUs and Data Centers

HIVE said the proceeds will be used to expand its high-performance computing capabilities, including investments in graphics processing units and data center infrastructure.

The notes will be issued through a wholly owned subsidiary and can be converted under certain conditions, with HIVE retaining flexibility to settle conversions in cash, shares, or a mix of both.

The company also plans to enter capped call transactions to help limit potential shareholder dilution from future conversions.

Stock Drops Following Announcement

Following the news, HIVE’s Nasdaq-listed shares fell 11.5%, underperforming the broader crypto mining sector. The CoinShares Bitcoin Mining ETF also declined slightly by 1.5%.

Despite the market reaction, the raise reflects HIVE’s longer-term strategy to diversify beyond traditional mining revenue.

Pivot to AI Already Underway

HIVE was among the early Bitcoin miners to pivot into high-performance computing, beginning the transition in 2022.

That strategy is starting to show results. In its most recent quarter, the company reported $93.1 million in revenue, up 219% year over year, even as Bitcoin prices remained under pressure and mining difficulty increased.

Earlier this year, HIVE also signed a $30 million deal to deploy 504 Nvidia B200 GPUs for enterprise AI cloud services, signaling deeper involvement in the AI infrastructure space.

Mining Industry Shifts Toward AI

HIVE is not alone in this transition. A growing number of publicly traded Bitcoin miners are moving into AI and high-performance computing.

Companies such as MARA Holdings, Riot Platforms, Bitdeer Technologies, TeraWulf, Hut 8, CleanSpark, and IREN are all leveraging their existing energy access and data center infrastructure to support AI workloads.

This trend reflects a broader industry shift as miners look to stabilize revenues and capitalize on rising demand for AI computing power.

AI Infrastructure Becomes Key Growth Driver

The move toward AI is gaining momentum across the sector.

CoreWeave, a former crypto mining firm, has emerged as a major player in AI cloud infrastructure after pivoting years earlier. The company recently signed a $6 billion deal with trading firm Jane Street and secured a $1 billion equity investment, highlighting the scale of demand for compute resources.

At the same time, other players like Soluna Holdings are restructuring operations to focus more heavily on AI-ready data centers.

Expansion Plans Continue

In addition to the fundraising, HIVE said it has received conditional approval to list its shares on the Toronto Stock Exchange, with trading expected to begin later this month once requirements are met.

As the company deepens its AI strategy, the planned raise signals a continued shift away from reliance on Bitcoin mining toward a broader role in powering next-generation computing infrastructure.

Michael Saylor’s Strategy has added another major Bitcoin purchase to its balance sheet, bringing the company closer to holding 800,000 BTC.

According to an 8-K filing with the US Securities and Exchange Commission, the firm acquired 13,927 Bitcoin for approximately $1 billion between April 6 and April 12.

Holdings Approach 800,000 BTC

The latest purchase was made at an average price of $71,902 per Bitcoin, which is below Strategy’s overall average acquisition cost of $75,577.

With this addition, the company now holds 780,897 BTC, acquired for a total of $59.02 billion. Strategy needs just 19,103 more Bitcoin to reach the 800,000 BTC milestone, having already purchased over 107,000 BTC so far in 2026.

Purchase Funded Through STRC Share Sales

The $1 billion buy was funded through the company’s perpetual preferred equity offering, known as Stretch (STRC).

Strategy sold 10 million STRC shares during the period, generating roughly $1 billion in proceeds. No shares were issued from its other offerings, including STRF, STRK, STRD, or its common MSTR stock.

Data from STRC.live shows that last week marked the second-largest weekly issuance of STRC shares on record, significantly above the recent average. The surge follows changes to the company’s equity sale program introduced in early March.

Continued Accumulation Strategy

Saylor hinted at the purchase ahead of time in a post on X, sharing a chart of Strategy’s Bitcoin acquisition history. The company has now completed 105 Bitcoin purchases since 2020, maintaining a consistent accumulation strategy.

Despite its aggressive buying, Strategy is currently sitting on substantial unrealized losses. In its first-quarter 2026 report, the company disclosed $14.46 billion in unrealized losses on its digital asset holdings.

Market Momentum and Institutional Demand

Strategy’s continued accumulation comes amid broader institutional interest in Bitcoin.

Last week alone, US spot Bitcoin ETFs recorded inflows of $786 million, signaling strong demand from institutional investors.

Bitcoin’s price also saw upward momentum earlier in the week, climbing above $70,000 and briefly surpassing $73,000 before pulling back.

Analysts at Nomura’s Laser Digital pointed to Strategy’s buying activity as one of the key drivers behind the recent price movement, alongside ETF inflows and a rebound in US equities.

However, market volatility remains. Renewed geopolitical tensions, including developments related to a US-Iran situation, triggered a pullback toward $71,000, with analysts expecting continued price fluctuations in the near term.

Crypto trading in India has grown exponentially in the last few years. In 2025, the market pulled in $258 million in revenue and is on track to hit nearly $732 million by 2033, growing at a 14.3% CAGR from 2026 onwards. That kind of money doesn’t come from people buying Bitcoin on a whim and hoping for a lucky spike. It comes from traders who plan entries, manage exits, build hedges, and run full-blown crypto trading setups. 

This shift has created a new problem. Most Indian crypto exchange apps still feel built for basic spot buying without any advanced features to try. You open five tabs, check prices on one app, place orders on another, track risk on a third, and hope nothing slips through.

Delta Exchange transforms the story here. Instead of spots, Delta offers a safe trading platform to explore crypto derivatives (futures and options) across major currencies. 

Let’s understand more about Delta Exchange and why so many Indian traders end up sticking with it once they try it.

Why Try Crypto Trading Strategies on Delta Exchange 

Ranked among the top Indian crypto exchanges, Delta Exchange offers a range of features and analytics tools to simplify your crypto trading experience. 

Here’s why many traders trust Delta Exchange: 

1. INR trading keeps things simple

If you’ve ever had to convert INR to USDT or USD just to trade Bitcoin, you know the hassle. Delta Exchange lets you deposit and withdraw in INR directly via UPI, IMPS, NEFT, and bank transfer, with your margin and profits shown in INR. 

That means no awkward crypto conversions or extra wallets – you fund your account straight from your bank and start crypto trading like it’s normal money. 

2. Algo trading bots that actually work

Automation can save hours and reduce emotional stress and decisions, especially with fast moves in crypto F&O. Delta Exchange supports algo trading through APIs and bot integrations from platforms like TradingView and Tradetron. 

You can link your trading strategy to webhooks or APIs and let bots place trades for Bitcoin futures or other crypto options even when you’re away. If you want systematic, repeatable strategies with fewer missed opportunities, this setup feels practical and real.

And the best part? You don’t need to have any coding knowledge or degree – API Copilot does it all for you. 

3. Lower trading fees that don’t eat into your wins

Fees matter because every percentage point you pay is one less in your pocket after a winning trade. Delta Exchange offers competitive taker and maker fees, plus a fee cap on options that limits how much you pay on low premium trades. 

This helps keep costs predictable, whether you’re trading Bitcoin or ETH futures and options. Traders who place frequent trades or use multi-leg strategies on the Indian crypto exchange can keep more of their gains, rather than having them eaten up by trading fees.

4. Strategy Builder for practical trading plans

Strategy planning can get messy if the platform doesn’t help you visualize outcomes. Delta Exchange offers tools that let you craft crypto F&O setups with clear strike choices and expiries, plus daily, weekly, and monthly options for more precise timing. This helps you conveniently plan spreads, straddles, or hedges. 

5. Compliance and risk measures to know

It’s one thing to trade, another to trust the platform doing it. Delta Exchange is registered with India’s Financial Intelligence Unit (FIU) and follows local KYC and AML rules. 

For risk management, the platform supports: 

• Margin controls and stop-loss tools that help you manage positions while you trade Bitcoin or other crypto derivatives.
  
• Demo account to practice trades and understand the market without real money. 

• Payoff charts show you how your trade will play out with breakeven points and maximum P&L. 

This way, you can study your crypto trading strategy better before finalizing the trade.  

Apart from these, Delta also offers leverage up to 200X – a good way to amplify your profits if the market moves in your favor. 

The Bottomline 

Indian crypto traders have moved far past the buy-and-hold phase. Spot crypto trading still has its place, yet most active users now want faster ways to make money from price swings, not wait months for a rally. 

That’s where crypto F&O, spreads, and short-term setups step in. You want tools that let you react within minutes, control risk, and lock gains when the move shows up. 

Platforms that only support basic coin buying just can’t keep up with that style of trading. Serious traders want flexibility, speed, and ways to work with volatility, not sit through it – and Delta Exchange caters to such traders well. 

Disclaimer: Crypto trading carries inherent risks due to its high volatility. This article is for informational purposes only. Kindly do your own research before making any investment decisions.