. . HIVE Digital Signs Agreement to Develop 100 MW Hydroelectric Data Center in Paraguay, Targeting to Reach 12 Exahash Next Year July 31, 2024 4:40 PM EDT | Source: HIVE Digital Technologies Ltd. Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ("HIVE" or the "Company" ), a leading digital asset miner and "green"- focused data center builder and operator, announces that, further to its news release of July 22, 2024, it has ...

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| --- | --- | |-----------------------------------------------------------------------------------------|-------| | | | | RETRANSMISSION: HIVE Digital Technologies Announces Plans to Build 100 MW Hydroelectric | | | Data Center in Paraguay, Targeting to Double | | | Revenue and Increase Hashrate to Over 12 Exahash in the Next Year | | Stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in our future expansion considerations relating to continued growth in Parag ...

Core Insights - HIVE Digital Technologies Ltd. plans to construct a 100 MW Bitcoin mining operation in Paraguay, which is expected to increase its global hashrate to 12.1 EH/s, marking a significant milestone in its growth strategy [3][15][16] - The company aims to leverage renewable energy from the Itaipu hydroelectric dam, aligning with its commitment to sustainable and ethical Bitcoin mining practices [3][5][10] - HIVE's expansion into Paraguay is anticipated to generate over $100 million in stable revenue for the local utility company over the next three years, contributing to regional economic growth [16][18] Company Strategy - HIVE is focused on building a diversified portfolio with data center operations in Canada, Sweden, Iceland, and now Paraguay, enhancing its global footprint [3][9] - The company has acquired 500 Bitmain S21 Pro Antminers, which are expected to increase its operational hashrate to 5.6 EH/s upon installation [6][21] - HIVE's strategy includes a commitment to hiring locally, fostering education, and skill development in the region [4][17] Financial Performance - As of July 21, 2024, HIVE's Bitcoin HODL position increased to 2,521 BTC, valued at over $170 million, indicating strong financial health relative to industry peers [21][22] - The company has demonstrated resilience by generating EBITDA of $37 million for the year ending March 2024, despite market volatility [22] Environmental Commitment - HIVE emphasizes its commitment to environmental sustainability by utilizing green energy for its mining operations, positioning itself as a leader in sustainable cryptocurrency mining [5][10] - The company's approach aligns with growing consumer demand for eco-friendly business practices, differentiating it from competitors [19][10] Technological Advancements - HIVE is expanding into high-performance computing (HPC) to support AI initiatives, showcasing its adaptability and innovation beyond traditional Bitcoin mining [24][32] - The company aims to broaden its revenue streams through this strategic move, positioning itself at the forefront of technological advancements in both cryptocurrency and AI industries [24][32]

Core Insights - The conversation highlights the global impact of Bitcoin, particularly in regions like Africa, where it democratizes finance and empowers individuals to manage their wealth independently of traditional banks [1][4]. Company Updates - HIVE Digital Technologies has grown its Bitcoin holdings by 2% month over month, currently holding over 2,500 Bitcoin [2][6]. - The company is consistently upgrading its machinery to enhance efficiency and increase Bitcoin production, which has been affected by the recent halving event [3][5]. - HIVE is focusing on green energy opportunities and aims to reduce reliance on coal energy, aligning with its commitment to sustainable practices [8]. Production and Strategy - The company has ordered new machinery that will increase its production footprint by 10%, with shipments expected to arrive soon [9]. - HIVE's strategy includes following the trend set by other public companies, like Microstrategy, in adding Bitcoin to their balance sheets [7]. Market Context - The banking lobby is opposed to Bitcoin, viewing it as a significant threat to traditional banking systems, yet the technology is seen as a tool for financial empowerment [4].

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● | --- | --- | |-------------------------------------------------|-------| | | | | HIVE Achieves Annual Revenue of $114.5 Million, | | | Adjusted EBITDA of $37.5 Million with 2,287 | | | Bitcoin on the Balance Sheet and Mined 3,123 | | | Bitcoin for the Year Ended March 31, 2024 | | Revenue from digital currency mining was $111.0 million this fiscal year, in addition to the Company's HPC operations, resulting in a gross operating margin1 of $40.3 million, or a 36% operating margin. The Company's SG&A for t ...

. June 24, 2024 6:00 AM EDT | Source: HIVE Digital Technologies Ltd. About HIVE Digital Technologies Ltd. Competitive Advantage: We believe this environmentally conscious approach sets HIVE apart from competitors and aligns with evolving investor preferences. HIVE's unique value proposition encompasses efficient operations, a proven agile management team, financial strength, environmental sustainability, and innovative expansion strategies. Beyond Bitcoin mining, HIVE is firmly part of the global boom in da ...

Core Insights - HIVE Digital Technologies Ltd. will release its financial results for the fiscal year ended March 31, 2024, on June 24, 2024, after market close [3] - A pre-recorded earnings webcast will be available on June 25, 2024, starting at 6:30 AM EDT [4] Company Overview - HIVE Digital Technologies Ltd. is a pioneer in green energy-powered blockchain infrastructure and was the first cryptocurrency mining company to go public on the TSX Venture Exchange in 2017 [5] - The company operates state-of-the-art, green energy-powered data centers in Canada, Sweden, and Iceland, focusing on sustainable cryptocurrency mining [6] Environmental Sustainability - HIVE is committed to environmental responsibility by sourcing green renewable energy, positioning itself as a leader in sustainable cryptocurrency mining [7] - This environmentally conscious approach provides a competitive advantage and aligns with evolving investor preferences [7] Expansion into AI Strategy - HIVE is diversifying into high-performance computing (HPC) to support artificial intelligence (AI) using Nvidia GPU chips, showcasing adaptability beyond traditional Bitcoin mining [8] - This strategic move broadens HIVE's revenue streams and places it at the forefront of advancements in both cryptocurrency and AI industries [8] Unique Value Proposition - HIVE's value proposition includes efficient operations, a proven agile management team, financial strength, environmental sustainability, and innovative expansion strategies [9] - The company holds over 2,400 Bitcoins on its balance sheet and is experiencing growing revenue from its Nvidia GPU chips powering data services for the AI revolution [11]

Company Performance - In May 2024, the company mined 119 Bitcoin, resulting in a 3% increase in total Bitcoin holdings to 2,451 BTC [1][6]. - The company's HODL position is valued at nearly $170 million, emphasizing its commitment to environmentally sustainable practices in mining [2]. Strategic Focus - The company has acquired advanced Bitmain S21 Pro Antminers to enhance its mining capabilities [4]. - Continuous reinvestment in technology is critical, with an additional $4 million allocated for acquiring more efficient energy machines [7]. Market Context - The Bitcoin halving event has reduced the daily Bitcoin mined from 900 to 450, which could imply a potential revenue decline of 50%, yet the company remains profitable [6]. - The company has a proactive approach to crises, viewing them as opportunities, and has successfully turned a profit through its mining operations [5]. Technological Adaptation - The company emphasizes the importance of upgrading equipment to keep pace with rapid technological advancements, adopting a two-year cycle for depreciation [8].