HIVE Digital completes $115 million zero-coupon note financing, Keel sells Paraguay site to complete Latin America exit, GSR's first multi-asset ETF $BESO debuts on Nasdaq

Mars Finance reports that, according to BBX data, yesterday’s capital moves related to AI transformation by mining companies and innovation in crypto ETF products were implemented simultaneously. The key developments are as follows: HIVE Digital Technologies Ltd. (NASDAQ / TSX-V: $HIVE) announced on April 22nd the completion of a $115 million private placement of 0% convertible preferred notes (including full exercise of underwriters’ over-allotment options). The notes will mature in 2031, with an estimated net proceeds of about $109.5 million; the initial conversion price of the notes is approximately $2.57 per share, a premium of about 17.5% over the April 16th closing price, and a capped call option hedge was implemented simultaneously to reduce dilution risk. The funds will be used for GPU procurement and data center construction. The company also received conditional approval from the Toronto Stock Exchange and is expected to upgrade from the TSX Venture Exchange to the TSX Main Board around April 30th. Keel Infrastructure Corp. (NASDAQ: $KEEL) (formerly Bitfarms) announced on April 22nd the completion of the sale of its 70 MW Paso Pe mining site in Paraguay, with net proceeds after settlement adjustments of approximately $13 million (original agreed price was up to $30 million, with the difference reflecting settlement adjustments). CEO Ben Gagnon stated that this move marks the company’s complete exit from Latin American assets, and the proceeds will be redeployed into North American HPC/AI infrastructure pipelines. After the announcement, the company’s stock price increased by about 4%. GSR (private holdings) officially launched the GSR Crypto Core3 ETF (NASDAQ: $BESO$) on Nasdaq on April 22nd, making it the first actively managed multi-asset crypto ETF in the U.S. covering Bitcoin, Ethereum, and Solana. The management fee rate is 1.00%, with weekly rebalancing based on research-driven signals, and on-chain staking of Ethereum and Solana holdings is performed to generate yields. The investment advisor is Framework Digital Advisors, and the primary market maker is Jane Street Capital.