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Why Hive Digital Technologies Stock Slumped Today

TheMotleyFool

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Why Hive Digital Technologies Stock Slumped Today: https://g.foolcdn.com/editorial/images/866120/concerned-young-person-with-head-in-hands-gazing-at-a-screen.jpg

Hive Digital Technologies (NASDAQ: HIVE), one of several cryptocurrency miners pushing deeper into data center operations, had a forgettable Thursday on the stock exchange. After the company announced a new round of financing, investors sold out of its shares, leaving them with a nearly 12% loss that trading session.

After market close on Wednesday, Hive announced that one of its wholly owned subsidiaries plans to issue $75 million in exchangeable senior notes in a private offering. The company added that the target investors are institutional buyers.

Image source: Getty Images.

Source Fool.com

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