HIVE, Keel expand AI data centers with capital raise

HIVE Digital has secured $115 million through a zero-interest convertible note to expand its global data center infrastructure and GPU capacity, focusing on AI and high-performance computing (HPC) workloads. Concurrently, Keel Infrastructure has divested its Paraguay site for $13 million, completing its exit from Latin America and reallocating capital into its North American AI and HPC initiatives. Both companies are shifting their focus from exclusive bitcoin mining to supporting the growing demand for AI infrastructure, a trend reflecting a broader sector-wide pivot. Their stock prices have seen a notable increase following these announcements.