Prominent Bitcoin mining firm Hive Digital has officially closed a $22 million private financing round, according to an announcement. The Vancouver-based firm accomplished this milestone through the sale of 5.75 million special warrants, each priced at 5.00 Canadian dollars ($3.87), totaling 28.75 million CAD ($22 million).

The announcement reads:

“The Special Warrants and the underlying Units (defined below) are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The completion of the offering will be subject to receipt of all necessary regulatory and corporate approvals or consents.”

Specifics of the Financing… Read more on bitcoinnews