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HIVE Digital Technologies Secures Approximately $129 Million Credit Facility

Newsfile +3 · ·by G4L

HIVE
HIVE HIVE Digital Technologies Ltd
$1.81 +1.69%
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NVDA -4.27%
  1. 1BUZZ Alpha Cloud Inc. has secured a credit facility of approximately $129 million.
  2. 2The agreement was signed with a 3-year maturity and an annual fixed interest rate of 9.0%.
  3. 3The funds will be used to purchase NVIDIA GB200 GPU clusters for $165 million.

So what's the key point?

HIVE Digital Technologies has obtained the right to borrow approximately $129 million. The company plans to use this money to buy new NVIDIA computer components to grow its business.

Source Newsfile +3 · View original ↗

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