This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.San Antonio, Texas--(Newsfile Corp. - March 18, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure and AI compute, today announced that its BUZZ AI Cloud platform in Asunción, Paraguay is ...

Core Insights - Axe Compute, Inc. has engaged Cardiff Advisory LLC to explore strategic alternatives for its Helomics Business, indicating a shift in focus towards maximizing shareholder value from non-core assets [1][2][4] Strategic Review Process - The strategic review will be overseen by the Company's Board of Directors and may involve various options such as sale, partnership, licensing, or joint ventures related to the biobank platform [2][4] - The review aligns with the Company's strategy to advance its AI compute infrastructure while evaluating legacy assets [2] Biobank Platform Details - The biobank platform includes a CLIA-certified laboratory and boasts a comprehensive collection of oncology research materials, featuring approximately 150,000 live and frozen tumor samples, 40,000 FFPE tissue blocks, over 200,000 pathology slides, and 20 years of historical drug response data across 137 tumor subtypes [3] Management's Perspective - The CEO of Axe Compute emphasized the importance of evaluating strategic alternatives for legacy biobank assets at this time, noting preliminary interest from multiple parties in potential transactions [4]

Group 1 - Hut8 has secured a $7 billion, 15-year deal with Fluidstack, backed by Google, to provide power for high-performance computing at a 245MW data center in Louisiana [1][4] - Following the announcement, Hut8's shares rose over 15% to $42.55, marking a nearly 13% increase in the last month and over 150% in the last six months [1] - The deal includes options for up to 15 years of renewal, potentially increasing the contract value to $17.7 billion [4] Group 2 - Hut8's CEO emphasized the importance of disciplined execution in securing the right transaction, highlighting a long-term focus on commercialization [2] - The partnership involves collaboration with various entities, including the State of Louisiana, Entergy, JPMorgan, Goldman Sachs, Vertiv, and Jacobs, to develop AI and high-performance computing infrastructure [3] - The construction of the new site is expected to create up to 265 jobs in Louisiana, with the first data hall projected to be completed by Q2 2027 [7] Group 3 - The trend of Bitcoin miners expanding into AI compute is evident, with other companies like Cipher Mining and TeraWulf also securing significant deals backed by Google [6] - Hut8's initiative reflects a broader industry movement where Bitcoin miners are diversifying their operations to include AI services alongside traditional mining [5][6]

Core Thesis - IREN Limited is positioned as a unique hybrid company at the intersection of Bitcoin mining and AI compute, leveraging renewable energy for competitive advantage [2][4]. Company Overview - IREN Limited, founded in 2019, has evolved from a hydro-powered Bitcoin miner to a datacenter platform with over 500 MW of operating capacity across Canada and Texas [2]. - The company benefits from low-cost renewable power, with rates around $0.033/kWh, supporting mining margins exceeding 70% [2]. Financial Performance - For FY25, IREN is projected to generate revenue of $501 million and net income of $87 million, driven by low operational costs [3]. - The company aims to scale its AI infrastructure, IRENcloud, from under 2,000 GPUs to approximately 11,000 GPUs by the end of 2025, targeting $200–$250 million in AI revenue with gross margins over 95% [3]. Growth Potential - IREN's long-term strategy includes expanding its power rights to 2.9 GW, potentially growing its GPU fleet to around 100,000 by 2030, with AI revenues expected to dominate by 2027–2028 [3]. - Valuation scenarios suggest significant upside potential, with projected revenues of $4–7 billion by 2030 and share prices possibly exceeding $200 under various market conditions [4]. Market Position - IREN's combination of affordable renewable energy, modular infrastructure, and dual exposure to Bitcoin and AI positions it favorably against competitors, despite risks related to GPU scaling and capital intensity [4][6].

Group 1: Nebius Group - Nebius Group (NBIS) trades at over 70 times trailing sales, but this valuation is misleading due to rapid growth driven by AI demand [3][4] - The company reported 385% year-over-year revenue growth in Q1 2025, with annual recurring revenue reaching $310 million and projected to hit $750 million to $1 billion by year-end [4][6] - Nebius builds GPU clusters for enterprises needing AI compute power, with a facility in Kansas City housing 35,000 Nvidia GPUs, making it one of the largest deployments outside Amazon or Microsoft [5][6] - The company has $1.44 billion in cash and manageable debt, allowing it to fund significant expansion [6] - Nvidia's investment in Nebius validates its technology and strategy, providing early access to Blackwell chips for competitive pricing advantages [7][8] - Nebius has secured $2.4 billion in total funding, creating a strong competitive moat in the AI compute market [8][9] Group 2: Rocket Lab - Rocket Lab (RKLB) trades at 41 times trailing sales, but this valuation does not reflect its transformation into a diversified space infrastructure provider [10][11] - Q1 2025 revenue reached $123 million, a 32% year-over-year increase, with over 50% of revenue now coming from spacecraft systems rather than launches [10][11] - The company was selected as one of five providers for the U.S. Space Force's $5.6 billion National Security Space Launch program, enhancing its position in high-priority defense missions [12][13] - Rocket Lab's involvement in multiple billion-dollar defense frameworks provides multiyear revenue opportunities and validates its technology [12][13] - The demand for satellite launches is expected to increase fivefold by 2030, positioning Rocket Lab for significant growth [14] Group 3: Investment Perspective - The market often applies traditional valuation metrics to innovative companies like Nebius and Rocket Lab, which may lead to undervaluation [14][15] - Both companies are positioned in industries with exponential growth potential, with Nebius benefiting from AI compute demand doubling every six months and Rocket Lab capitalizing on increasing satellite launch demand [14][15] - Investors willing to overlook conventional valuation fears may find significant opportunities in Nebius Group and Rocket Lab [15]