Jeff Lewis
Mon, June 29, 2026 astatine 11:38 AM CDT 2 min read
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is 1 of the 8 High Growth Penny Stocks to Buy.
On June 25, 2026, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that HIVE Bermuda 2026, its wholly-owned subsidiary, intends to connection $100M aggregate main magnitude of 0% exchangeable elder notes owed 2031. The backstage offering is taxable to marketplace conditions and different factors and volition beryllium made to persons reasonably believed to beryllium qualified organization buyers nether Rule 144A of the U.S. Securities Act of 1933. The issuer besides expects to assistance archetypal purchasers an option, exercisable wrong 13 days from and including the day the notes are archetypal issued, to acquisition up to an further US$15 cardinal aggregate main magnitude of notes.
Also connected June 25, HIVE Digital Technologies announced that it signed a non-binding missive of intent with an investment-grade, sovereign Swedish exertion institution for an up to 10-year lease of its 32 megawatt Boden, Sweden facility. The institution expects to retrofit the installation to enactment up to 10,000 GB300 GPUs, with azygous rack densities up to 150 kW, utilizing hybrid direct-to-chip liquid cooling and aerial cooling. The site's 32 MW gross inferior load correlates to astir 25 MW of captious IT load, which the LOI contemplates for HPC colocation.
On June 18, HIVE Digital Technologies, done wholly owned subsidiary BUZZ High Performance Computing, announced a sovereign AI infrastructure woody involving Bell Canada (BCE) and Cohere. The collaboration brings unneurotic Bell AI Fabric's nationalist information centre and connectivity platform. BUZZ HPC executed a three-year GPU unreality declaration with a full declaration worth of astir $220M.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates greenish energy-powered information centers successful Bermuda and Paraguay.
While we admit the imaginable of HIVE arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
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