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An update from Hydaway Digital Corp. ( (TSE:HIDE) ) is now available.
Hydaway Digital Corp. has closed a non-brokered private placement worth $1.2 million, issuing 4.8 million units at $0.25 per unit, each comprising one common share and a warrant exercisable at $0.40 for one year. The securities carry a four-month resale restriction, and the company also paid $39,500 in finder’s fees tied to the financing.
Proceeds will be used to further develop Hydaway’s GPU rental platform and for general working capital, supporting its efforts to scale infrastructure for AI and high-performance computing demand. Chief executive Karl Kottmeier participated in the round for 110,000 units via Madjak Management Ltd., a related-party transaction that remains below thresholds requiring formal valuation or minority shareholder approval under securities rules.
More about Hydaway Digital Corp.
Hydaway Digital Corp. is a North Vancouver, British Columbia-based computer rendering and GPU rental service provider. The company focuses on expanding access to scalable compute power and building infrastructure to support artificial intelligence training, inference and other high-performance workloads.
Average Trading Volume: 33,975
Technical Sentiment Signal: Buy
Current Market Cap: C$11.64M
For an in-depth examination of HIDE stock, go to TipRanks’ Overview page.