Credit · Tracked as filed as of 2026-08-24
HIVE Digital
CCIR tracks 9 instruments issued by HIVE Digital (HIVE): credit facility, convertible, lease, other. Every row traces to a primary
document.
Capital stack by borrower
Which entity owes what, as filed. Facilities raised in a
subsidiary sit on that subsidiary's assets; the parent's own
paper sits beside them, senior to nothing below it.
Instruments
- Borrower
- New Brunswick subsidiary
- Seniority
- Subsidiary; unlimited parent guarantee; DSCR ≥1.50
- Maturity
- 2026-06-30 — Stated maturity 2026-06-30; still outstanding at that date per the Q1 FY27 balance sheet. Renewal terms undisclosed.
- Collateral
- NB datacenter business
- Lenders
- Not named
- Pricing
- 4.39% / 5.15%
- Terms
- $1.6M outstanding at 2026-06-30, from $2.0M at 2026-03-31. Still carried on the balance sheet after the stated 2026-06-30 maturity, so the facility was renewed or extended; the renewal terms are not disclosed.
Source: HIVE 10-Q for the quarter ended 2026-06-30, Notes 13/14, filed 2026-08-14, acc 0001062993-26-004434 · document
- Borrower
- HIVE Bermuda 2026 Ltd. (issuer)
- Seniority
- Senior unsecured; parent guarantee
- Maturity
- 2031-07-01 — Holder put Jul 1, 2030
- Lenders
- 144A QIBs; U.S. Bank Trust Co. (trustee)
- Pricing
- Exchange ~$4.83 (27.5% premium); capped call to $8.5275
- Terms
- Net proceeds $124.9M; capped call ~$15.7M, cap $8.5275 (125% over $3.79 reference) (10-Q filed 8/14/26)
Source: 8-K 7/1/26 · document
- Seniority
- Mortgage to seller
- Maturity
- ~2029-05-15 — Three-year term from 2026-05-15, bullet repayment. Rate and term were undisclosed until the Q1 FY27 10-Q.
- Collateral
- Ontario real property
- Lenders
- Seller
- Pricing
- 6.00% annually, interest payable quarterly; full principal due at maturity.
- Terms
- C$6M; $4.3M at the 2026-06-30 translation rate. Same C$-face convention as the first vendor mortgage.
Source: HIVE 10-Q for the quarter ended 2026-06-30, Notes 13/14, filed 2026-08-14, acc 0001062993-26-004434 · document
- Borrower
- HIVE Bermuda 2026 Ltd. (issuer)
- Seniority
- Senior unsecured; parent guarantee
- Maturity
- 2031-04-15 — Holder put Apr 15, 2029
- Lenders
- 144A QIBs; U.S. Bank (trustee)
- Pricing
- Exchange ~$2.57 (17.5% premium); capped call to ~$4.92
- Terms
- Net proceeds $109.8M; capped call cost ~$19.8M, cap $4.92 (125% over $2.185 reference) (10-Q filed 8/14/26)
Source: 8-K 4/22/26; 10-K Note 31 · document
- Borrower
- BUZZ HPC (Manitoba)
- Seniority
- Finance lease
- Maturity
- ~2029-03 — 36 months
- Collateral
- Leased GPUs (504 B200, Dell Financial finance lease). BUZZ HPC reports two-year customer agreements of about $30M for these GPUs; the customer is not named and no pledge of the contract is filed.
- Lenders
- Dell Financial
- Pricing
- 9.90% is HIVE's weighted-average discount rate on finance leases; HIVE generally uses its incremental borrowing rate. No filing states the lease's implicit rate.
- Terms
- $29.9M PV ($34.2M undiscounted) Finance-lease class total $27.7M at 6/30/26 ($9.3M current + $18.5M non-current; WA discount 9.90%); the 10-Q does not break out the Dell lease within the class.
Source: 10-K Note 16 + MD&A · document
- Seniority
- Mortgage
- Maturity
- ~2028-01-30 — Two-year term from 2026-01-30, bullet repayment.
- Collateral
- Ontario land
- Lenders
- Property seller
- Pricing
- 6.00% annually, interest payable quarterly; full principal due at maturity.
- Terms
- C$20M; $14.7M at the 2026-06-30 translation rate. The row carries the USD equivalent of a fixed C$ face, so period-to-period movement in this figure is FX translation and not a change in the obligation.
Source: HIVE 10-Q for the quarter ended 2026-06-30, Notes 13/14, filed 2026-08-14, acc 0001062993-26-004434 · document
- Borrower
- HIVE Digital Technologies Ltd.
- Seniority
- Deferred purchase consideration (balance-sheet loan payable)
- Maturity
- 2025-09-17 — Six equal monthly instalments from the 3/17/25 closing
- Collateral
- Not disclosed
- Lenders
- Bitfarms Ltd. (seller)
- Pricing
- No interest rate disclosed
- Terms
- Deferred portion of the Zunz S.A. purchase price ($25M cash upfront + $31M over six months) for the 200 MW Yguazu data center bought from Bitfarms (closed 3/17/25); carried on the balance sheet as "acquisition loan payable". REPAID IN FULL during FY26 via six equal monthly instalments (~complete Sep 2025); $nil at period end (FY26 10-K).
Source: FY26 10-K (Note 4 + acquisition loan payable) · document
- Seniority
- Contingently forgivable loan
- Maturity
- 2035-12-31 — Contingently forgivable on favorable VAT ruling
- Collateral
- None stated
- Lenders
- Not named
- Pricing
- Swedish government borrowing rate + 1% (~2%)
- Terms
- $10.917M at 6/30/26 ($1.460M current); principal plus interest payable annually. Incurred 3/31/21 as part of the sale of net assets of Boden Technologies AB; lender unnamed (10-Q filed 8/14/26).
Source: 10-K Note 13 · document
- Borrower
- HIVE Digital Technologies Ltd. (parent)
- Seniority
- Unsecured
- Maturity
- 2026-01-12
- Collateral
- None (unsecured)
- Lenders
- U.S. Global Investors, Inc.
- Pricing
- 8%; company-redeemable at any time
- Terms
- US$15M non-brokered private placement closed 1/12/21 (related party); interest monthly, principal quarterly; convertible at C$15.00; 5.0M warrants expired unexercised 1/12/24. REPAID via scheduled amortization to $0 by the 1/12/26 maturity (FY26 10-K rollforward: $2.333M FY26 principal payments; balance $0 at 3/31/26).
Source: FY26 10-K (Note 11 Convertible Loan) · document
Collateral classes on this page: operator_campus, out, gpu, secured_undisclosed. The full
ledger, with every issuer and the derived credit series, is on Compute Credit.