About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 17, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") a leading innovator in sustainable blockchain infrastructure, is proud to announce the appointment of Gabriel Lamas as Country President of Paraguay. Mr. Lama ...

Core Viewpoint - HIVE Digital Technologies Ltd. has appointed Gabriel Lamas as Country President of Paraguay to lead its operations and expansion in the region, enhancing its position in sustainable blockchain infrastructure and high-performance computing [1][5][6]. Group 1: Leadership and Expertise - Gabriel Lamas brings over 20 years of experience in infrastructure and energy projects, known for his technical skills and leadership [2][3]. - Lamas has previously held significant roles at Bitfarms Ltd., where he led major technical initiatives and operational projects in Latin America [3]. - His experience at Paraguay's National Utility, ANDE, involved managing dam operations and optimizing energy transmission, showcasing his expertise in energy efficiency [4]. Group 2: Strategic Importance - HIVE aims to become the largest private electricity consumer from ANDE, which will generate substantial U.S. dollar-denominated revenue for the Paraguayan government [5]. - Lamas' leadership is expected to drive HIVE's success in Paraguay, contributing positively to the local economy [5][6]. - The company is confident that Lamas' strategic vision and operational expertise will enhance its growth trajectory in Paraguay [8]. Group 3: Vision for the Future - Lamas expressed enthusiasm for his role, emphasizing the importance of Paraguay in the evolution of digital services and HIVE's commitment to sustainable growth [7][8]. - The appointment of Lamas marks a significant step in HIVE's transformative growth as it expands its operations into 2025 and beyond [8][9].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 10, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, has released its unaudited production results for February 2025 (all amounts in US ...

Core Viewpoint - HIVE Digital Technologies Ltd. is focusing on expanding its operations in Bitcoin mining and high-performance computing, aiming to become one of the largest and most efficient Bitcoin miners globally while leveraging AI technologies [3][4]. Group 1: Company Developments - HIVE appointed Craig Tavares as President and COO of Buzz HPC to enhance its leadership in high-performance computing and GPU cloud services, targeting $100 million in revenue [3]. - The company is on track to expand its mining capacity in Paraguay from 6 EH/s to 25 EH/s by September 2025, with an interim target of 18 EH/s by June 30, 2025 [3][4]. - HIVE's high-performance GPU business unit achieved an annualized run-rate revenue of $13 million in February 2025, with a target of $20 million by Q2 2025 [3]. Group 2: Production and Financial Performance - In February 2025, HIVE mined 89 BTC, increasing its total holdings to 2,620 BTC, valued at approximately $220 million based on a BTC price of $84,000 [4]. - The company's Bitcoin holdings increased by 23% year-over-year, although there was a month-over-month decline due to strategic sales for capital investments [4]. - HIVE maintained an average mining capacity of 5.6 EH/s, achieving a peak BTC-only hashrate of 6.2 EH/s and a peak BTC-equivalent hashrate of 6.4 EH/s [4]. Group 3: Operational Progress - HIVE's executive team conducted a site visit to Bitfarms' Yguazú facility, expressing satisfaction with the construction progress and anticipating the strategic acquisition of the 200 MW site in Q1 2025 [4]. - The 100 MW Valenzuela facility is nearing completion of civil and foundation works, with energization expected by June 2025 [5]. Group 4: Company Overview - HIVE Digital Technologies Ltd. is a leader in sustainable blockchain and AI infrastructure, operating in Canada, Sweden, and Paraguay, and aims to reduce its environmental footprint while innovating in digital asset mining [5].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - HIVE Digital Technologies has appointed Craig Tavares as President and Chief Operating Officer of Buzz HPC to drive growth in GPU Cloud and High-Performance Computing (HPC) services [1][6]. Group 1: Appointment and Leadership - Craig Tavares brings over 20 years of experience in digital infrastructure, with a strong background in data centers, cloud, telecom, and energy industries [2]. - Tavares has held leadership roles at various companies, including Cogeco, where he managed a portfolio of 20 global data centers and launched a global cloud business at Aptum [3][4]. - His appointment is expected to help scale Buzz HPC's business to $100 million in revenue, leveraging his expertise in digital infrastructure and HPC [5]. Group 2: Strategic Vision - Tavares expressed enthusiasm about joining Buzz HPC, aiming to enhance the HPC cloud and data center business by utilizing high-quality assets for demanding workloads [6]. - The company already offers a high-performance Sovereign AI GPU platform powered by renewable energy, with plans to expand its service offerings [6]. Group 3: Incentives and Employee Engagement - HIVE is granting 1,090,000 Restricted Share Units (RSUs) to select employees, including Tavares, to align interests with the company's long-term success [9]. - The RSUs will remain non-tradable for one year, promoting sustainable and responsible growth within the organization [8][9]. Group 4: Company Overview - HIVE Digital Technologies is a leader in sustainable blockchain and AI infrastructure, known for its commitment to reducing environmental impact while advancing digital asset mining and AI computing [10].

Core Viewpoint - HIVE Digital Technologies has appointed Craig Tavares as President and Chief Operating Officer of Buzz HPC to drive growth in High-Performance Computing (HPC) and GPU Cloud services [1][6]. Group 1: Appointment and Leadership - Craig Tavares brings over 20 years of experience in digital infrastructure, with a strong background in data centers, cloud, telecom, and energy industries [2]. - Tavares has held leadership roles at various companies, including Cogeco and Aptum, where he managed global data centers and launched cloud businesses [3][4]. - His appointment is expected to help scale Buzz HPC's business to $100 million in revenue, leveraging his expertise in digital infrastructure and HPC [5]. Group 2: Strategic Vision - Tavares aims to enhance Buzz HPC's offerings by utilizing high-quality assets to meet demanding workloads, focusing on renewable energy-powered AI GPU platforms [6]. - HIVE Digital Technologies is confident that Tavares' leadership will accelerate growth in the cloud and HPC data center markets [6]. Group 3: Employee Incentives - HIVE is granting 1,090,000 Restricted Share Units (RSUs) to select employees, including Tavares, to align interests with the company's long-term success [9]. - The RSUs will remain non-tradable for one year, promoting sustainable and responsible growth within the organization [8][9]. Group 4: Company Overview - HIVE Digital Technologies is a leader in sustainable blockchain and AI infrastructure, known for its environmentally friendly operations in cryptocurrency mining and AI computing [10].

Financial Data and Key Metrics Changes - HIVE Digital Technologies reported $29 million in revenue for the quarter, with a gross operating margin of $6.1 million, resulting in a 21% operating margin [58] - The company achieved an adjusted EBITDA of $17.3 million and mined 2,805 Bitcoin, all sourced from green energy, with no debt on these assets [59] - The annualized Return on Invested Capital (ROIC) reached 37%, leading the industry [59] Business Line Data and Key Metrics Changes - HIVE's strategy focuses on capital deployment prioritizing ROIC, with a target to achieve 3% of the global hashrate, aiming for 25 exahash by September 2025 [64] - The company is expanding its AI and HPC business, achieving $10 million in annualized revenue this quarter, with a target of $20 million [65][112] Market Data and Key Metrics Changes - HIVE's market cap is currently under $400 million, with projections indicating potential cash flows of over $500 million if Bitcoin reaches $150,000 [78][80] - The company is positioned to benefit from the growing adoption of Bitcoin ETFs, with significant assets flowing into this market [40][41] Company Strategy and Development Direction - HIVE is relocating its head office from Vancouver to San Antonio to align with a pro-crypto regulatory environment and enhance operational efficiencies [54][30] - The acquisition of Bitfarms facilities will enhance HIVE's operating capacity in Paraguay to 300 megawatts, significantly increasing its mining hashrate [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future of Bitcoin, citing historical trends of price increases following halving events, with expectations for Bitcoin to reach between $120,000 and $180,000 in 2025 [81] - The company is optimistic about the supportive regulatory environment under the new U.S. administration, which is expected to bolster the crypto industry [29][30] Other Important Information - HIVE's HODL (Hold On for Dear Life) Bitcoin balance has increased to 2,805 Bitcoin, reflecting a 4x growth year-over-year [99] - The company has maintained the lowest dilution across its peer set while achieving the highest growth prospects in the industry [102] Q&A Session Summary Question: What is HIVE's strategy for growth in the current market? - HIVE is focusing on expanding its hashrate to 25 exahash by September 2025 and is strategically acquiring facilities to enhance its operational capacity [64][48] Question: How does HIVE plan to manage costs and maintain profitability? - The company emphasizes disciplined capital deployment and maintaining low G&A costs per Bitcoin mined, which has been effective even during bear markets [96][97] Question: What are the expectations for Bitcoin prices in the near future? - Management anticipates Bitcoin could reach between $120,000 and $180,000, driven by historical trends and current market dynamics [81]