HIVE Digital Announces At-The-Market Equity Program

Executive Summary

• HIVE Digital Technologies Ltd. entered into an Equity Distribution Agreement authorizing up to US$300 million of common shares to be sold on a continuous “at‑the‑market” (ATM) basis.
• The ATM program will be administered by a syndicate of ten investment banks and broker‑dealers, including Keefe, Bruyette & Woods, Stifel Nicolaus Canada, Cantor Fitzgerald, Canaccord Genuity, Roth Capital Partners, B. Riley Securities, Northland Securities, and Rosenblatt Securities.
• The agreement is non‑binding on the Company to sell any shares; sales will occur at the Company’s discretion until cumulative gross proceeds reach US$300 million or the agreement is terminated.

Key Details

• Program Size: Up to US$300 million in aggregate gross sales proceeds of HIVE common shares.
• Securities Offered: HIVE’s common stock listed on the TSX Venture Exchange and Nasdaq (ticker “HIVE”).
• Distribution Mechanism: At‑the‑market offerings under National Instrument 44‑102 (Canada) and Rule 415 of the U.S. Securities Act (U.S.).
• Agents/Syndicate Members:
• Keefe, Bruyette & Woods, Inc.
• Stifel Nicolaus Canada Inc.
• Cantor Fitzgerald & Co. / Cantor Fitzgerald Canada Corp.
• Canaccord Genuity LLC / Canaccord Genuity Corp.
• Roth Capital Partners LLC / Roth Canada, Inc.
• B. Riley Securities, Inc.
• Northland Securities, Inc.
• Rosenblatt Securities Inc.
• Termination Conditions: The agreement terminates automatically when cumulative gross proceeds equal US$300 million, or earlier upon termination by either the Company or the Agents as permitted in the agreement.
• Regulatory Filings:
• Canadian prospectus supplement dated 2025‑11‑25 to the short‑form base shelf prospectus (dated 2025‑10‑31).
• U.S. registration statement on Form F‑3 (File No. 333‑291676) filed with the SEC on 2025‑11‑20, supplemented by a prospectus supplement dated 2025‑11‑25.
• Access to Documents: Available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov); also obtainable from the agents’ offices in Toronto and New York.
• Use of Proceeds: Not specified in this release; investors are directed to review the Offering Documents for details on intended use of proceeds, business goals, and related forward‑looking information.

Notable Quotes

• “Frank Holmes, Executive Chairman” – signatory on behalf of HIVE Digital Technologies Ltd. (no substantive quote provided).