HIVE Board Member Sells Nearly $1 Million Of Company Stock

A committee subordinate astatine HIVE Digital Technologies (NASDAQ: $HIVE) precocious sold astir $1 cardinal U.S. of institution stock. 

Dave Perrill, who sits connected HIVE's board, sold 175,000 shares of the institution for proceeds of $820,750 U.S. 

The banal merchantability occurred connected June 19 of this twelvemonth pursuing the vesting of banal options that helium owned.

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The 175,000 communal shares were sold connected the unfastened marketplace astatine an mean terms of $4.69 U.S. per share.

Following the sale, Perrill presently holds nary shares successful HIVE Digital Technologies. However, helium has different 325,000 of unvested banal options successful the company.  

Perrill is an autarkic committee subordinate astatine HIVE Digital. He is besides the CEO of privately held Backbone Digital; a compute infrastructure level focused connected inference workloads.

The stock terms of HIVE Digital has surged implicit the past twelvemonth arsenic the institution pivots from being a Bitcoin (CRYPTO: $BTC) miner to an artificial quality (A.I.) information centre manager. 

HIVE banal has risen 133% implicit the past 12 months to commercialized astatine $4.14 U.S.