PETERSON MCVICAR ACTS FOR HIVE DIGITAL IN $25M BOUGHT DEAL PRIVATE PLACEMENT

HIVE Digital Technologies Ltd. (the “Company” or “HIVE”) announced that it has entered into an
agreement with Stifel Canada and Canaccord Genuity as co-lead underwriters and joint bookrunners
(the “Underwriters”), whereby the Underwriters will purchase, on a bought-deal basis, 5,000,000
special warrants of the Company (the “Special Warrants”) at a price of $5.00 per Special Warrant for
aggregate gross proceeds to the Company of $25,000,000 (the “Offering”). The completion of the
Offering will be subject to receipt of all necessary regulatory and corporate approvals or consents.
The Company will grant the Underwriters an option to increase the size of the Offering by up to an
additional 15% of the Special Warrants sold under the Offering, exercisable in whole or in part, at any
time and from time to time up to 48 hours prior to the Closing Date (as hereinafter defined).
The Company anticipates the net proceeds of the Offering will be used to support the growth of its
business including the expansion of data centers to utilize an additional 100 MW of green energy to add
approximately 5 Exahash to HIVE’s existing green Bitcoin mining footprint, as well as for working capital
and general corporate purposes. HIVE also anticipates being able to HODL all its Bitcoin until the
upcoming Halving.
HIVE Digital Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:YO0.F) went public in 2017 as the first
cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green
energy focus. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a
company whose shares trade on a major stock exchange, we are building a bridge between the digital
currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green
energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source
green energy to mine digital assets such as Bitcoin on the cloud.

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