HIVE is trading 5.2% down at $3.82 as the market digests its recent $100 million financing deal and broader weakness in the cryptocurrency sector.
- The decline follows the June 25 announcement of a US$100 million 0% exchangeable senior notes offering due 2031.
- Broader crypto sentiment is weighing on the stock, with Bitcoin and Ethereum both trading approximately 0.4% lower since the last close.
- Today's move gives back a portion of the sharp gains recorded by the company last week.