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1. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

On June 25, 2026, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that it signed a non-binding letter of intent with an investment-grade, sovereign Swedish technology company for an up to 10-year lease of HIVE’s 32 megawatt Boden, Sweden facility. The LOI remains subject to negotiation and execution of a definitive agreement. HIVE expects to retrofit the facility to support up to 10,000 GB300 GPUs, with single rack densities up to 150 kW, using hybrid direct-to-chip liquid cooling and air cooling. The site’s 32 MW gross utility load corresponds to a critical IT load of approximately 25 MW, which the LOI contemplates for HPC colocation.

Also on June 25, HIVE Digital Technologies said HIVE Bermuda 2026, its wholly owned subsidiary, intends to offer $100M aggregate principal amount of 0% exchangeable senior notes due 2031 in a private offering to qualified institutional buyers, subject to market conditions and other factors. The issuer also expects to grant the initial purchasers an option to buy up to an additional US$15 million aggregate principal amount of notes within 13 days from and including the date the notes are first issued.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates data centers powered by green energy in Bermuda, Paraguay, Sweden, and Canada.

While we acknowledge the potential of HIVE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIVE and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Fastest Growing Asian Stocks to Buy Now and 12 High Quality Stocks to Buy for the Long Term

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