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RETRANSMISSION: HIVE Achieves FY2026 Total Revenue of $297.8 Million (+158% YoY), HIVE's BUZZ HPC Positioned for GrowthJune 2, 2026 6:00 AM
NewsfileThis 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. - June 2, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, announces its results for the full year ended March 31, 2026 (all amounts in US dollars, unless otherwise indicated).FY2026 Financial Highlights:Total Revenue: $297.8 million, from digital currency mining ($278.3 million) and high-performance computing (HPC) hosting services ($19.5 million).Digital Currency Revenue: $278.3 million, up 164% year-over-year driven by an approximately four-fold increase in installed operational hashrate and higher average Bitcoin prices (FY2026 average of $98,040 vs. $75,881 in FY2025).Bitcoin Production: 2,885 Bitcoin mined during the fiscal year, up 104% from 1,414 Bitcoin in FY2025, materially outpacing the approximately 42% increase in average network difficulty (from 95.7T in FY2025 to 135.8T in FY2026). As of March 31, 2026, HIVE's total installed hashrate was 25.1 EH/s, or approximately 24.5 EH/s after accounting for controlled downclocking for fleet optimization.HPC Revenue: HIVE's BUZZ HPC business generated a record $19.5 million, up 94% from $10.0 million in FY2025, driven by the deployment of the NVIDIA H200 GPU cluster and strong demand on GPU marketplace.Gross Operating Margins: $107.9 million (36% margin), versus $25.1 million (22% margin) in FY2025 - a 14 percentage-point expansion reflecting operating leverage on the 300 MW Paraguay expansion and HPC gross margin expansion to approximately 40%.G&A: $31.4 million, up from $16.6 million in FY2025 primarily as a result of increased staff to support HIVE's global expansion in digital currency mining, particularly in Paraguay, and the growth of its BUZZ HPC business.GAAP Net Loss: $148.4 million, of which approximately $221.3 million is non-cash, comprising $170.4 million of depreciation and $50.9 million of net non-cash adjustments (primarily share-based compensation, change in fair value of BTC equipment-deposit derivatives, and unrealized loss on investments, partially offset by net realized and unrealized gains on digital currencies and sales-tax recovery).Adjusted EBITDA1: $72.9 million or 24% of total revenue.Digital Assets: $10.8 million in total digital currency holdings on March 31, 2026, including 150 Bitcoin. Q4 FY2026 Financial Highlights:Total Revenue: $71.8 million, from digital currency mining and high-performance computing (HPC) hosting services. Bitcoin Mining Revenue: $67.2 million, down 23.9% sequentially from fiscal Q3 2026 driven by an approximately 27% decline in average Bitcoin price (Q4 average of $76,476 vs. approximately $98,000 in Q32) and an approximately 27% year-over-year increase in average network difficulty (140.7T vs. 111.2T), partially offset by higher average operational hashrate following the completion of Paraguay Phase 3 in November 2025.Bitcoin Production: 876 Bitcoin mined in Q4 2026, broadly in line with the prior quarter as record operational hashrate from the completion of Paraguay Phase 3 offset continued increases in global network difficulty.HPC Revenue: $4.6 million, marginally below Q3 FY2026 as the deployment of HIVE's 504 NVIDIA B200 GPU cluster at Bell Canada's AI Fabric facility shifted from March to May 2026, but up 54% year-over-year from $3.0 million in Q4 FY2025, driven by a full quarter of revenue contribution from the previously deployed NVIDIA H200 GPU cluster, an approximate doubling of GPU marketplace revenue, and additional revenue from new bare-metal customer contracts.Gross Operating Margins: $17.5 million in gross operating margin or 24%.G&A: $9.4 million, up slightly from $8.4 million in Q3 FY2026 reflecting continued investment in personnel to support Paraguay operations and HIVE's BUZZ HPC growth.GAAP Net Loss: $83.3 million, of which approximately $74.7 million is non-cash, comprising $52.7 million of depreciation and $30.6 million of non-cash adjustments.Adjusted EBITDA1: ($9.0) million, reflecting Q4 hashprice compression as Bitcoin declined sharply from its October all-time high through quarter-end and global network difficulty climbed to record levels, together with non-cash foreign-exchange translation losses on multi-jurisdictional balances.Management InsightsFrank Holmes, Co-Founder and Executive Chairman: "Fiscal 2026 marked a defining year for HIVE. As one of the first publicly traded Bitcoin miners to invest in GPU cloud computing and AI infrastructure, we began building a diversified dual-engine growth strategy years ago. In fiscal 2026, we significantly expanded both sides of our platform, increasing our Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s and growing contracted HPC ARR to $35 million. This growth translated into strong financial results, with revenue increasing 158% to $297.8 million, gross operating margin increasing 329% to $107.9 million and adjusted EBITDA reaching $72.9 million. Our Paraguay expansion transformed HIVE into one of the world's largest operators of green-energy-powered Bitcoin mining infrastructure, while our BUZZ HPC grew contracted ARR3 to $35 million and established HIVE as an emerging leader in Canadian AI infrastructure. With a clear pathway to $660 million of ARR by year-end 2028, anchored by our planned 320 MW AI Gigafactory in the Greater Toronto Area ("GTA"), the largest planned Canadian AI infrastructure project under private ownership, we believe we are well positioned to capitalize on the growing demand for AI infrastructure.Looking ahead, HIVE sits at the intersection of two powerful technology trends: Bitcoin and AI. Our mandate remains unchanged: disciplined, high-ROIC growth powered by 100% green energy. We believe the investments we have made over the past several years position HIVE for one of the most significant growth periods in our history. I would like to thank our shareholders, our employees, and our partners for their continued trust."Aydin Kilic, President & CEO: "We are data-center builders and operators with a strong pedigree in orchestrating compute, whether GPU- or ASIC-based. Our network, firmware and high-voltage engineering skill sets cover the core competencies required to excel in this rapidly evolving sector. Our global controls and processes are often best-in-class, evidenced by BUZZ Cloud's fastest download speeds4 and HIVE's BTC-per-EH/s production, top ranked amongst other miners5.In 2025, we built 300 MW of hydro-powered Tier-I data center capacity in Paraguay. This capacity was brought online within six months and included the construction and commissioning of two large substations.This year, we have announced a 320 MW site in the GTA, which will be home to Canada's largest AI data center under private ownership and, with capacity for 100,000 NVIDIA GPUs, will be a true Gigafactory. Along with our 70 MW Grand Falls, New Brunswick site and 7 MW Toronto Airport site, we have approximately 400 MW of HPC Tier-III data center capacity in Canada that we look to energize over the next 18 months.We successfully executed one of the largest expansion programs in HIVE's history while continuing to scale our AI infrastructure platform. Our first liquid-cooled NVIDIA B200 GPU cluster with Bell Canada AI Fabric is now live and contributing approximately $15 million of incremental ARR, increasing our contracted HPC ARR from approximately $20 million to $35 million. This deployment validates both the strength of demand for AI infrastructure and our ability to deliver enterprise-grade compute solutions for leading customers.The pace of execution across both businesses has been extraordinary. We are also doubling the size of our GPU cloud this year, from approximately 5,500 NVIDIA GPUs to approximately 11,000 GPUs under management by the end of calendar 2026, which is expected to generate over $200 million of AI Cloud ARR."Darcy Daubaras, CFO: "The financial results from fiscal 2026 highlight the operating leverage embedded in HIVE's business model. Revenue increased 158% year-over-year to $297.8 million, gross operating margin expanded to 36.2%, and cash from operations increased 3.5-fold to $62.3 million. Our annual return on invested capital of 13.3% reflects the discipline with which we deploy capital and compares favorably with our publicly listed peers. The GAAP net loss of $148.4 million was largely attributable to non-cash items, including depreciation and other accounting adjustments. After year-end, we closed $115 million of 0% Exchangeable Senior Notes due 2031, generating net proceeds of approximately $109.5 million. In connection with the financing, we also entered into capped-call transactions designed to mitigate potential dilution up to a 125% premium to our April reference price. We exit the year with a fully funded Paraguay buildout, a growing HPC pipeline, and the balance-sheet flexibility to pursue the highest-return opportunities across our Bitcoin mining and AI infrastructure platforms."FY2026 and Recent Operational and Financial Highlights:Bitcoin Mining OperationsInstalled Bitcoin Mining Hashrate of 25.1 EH/s on March 31, 2026 (25.3 EH/s today) at fleet efficiency of approximately 16.5 J/TH, up from 6.5 EH/s on March 31, 2025, a roughly four-fold increase.Operational Global Power Capacity of 440 MW across Canada, Sweden, and Paraguay, all powered by green energy.300 MW Paraguay Expansion delivered across three phases: Yguazú Phase 1 (June 2025), Yguazú Phase 2 (early September 2025), and Valenzuela Phase 3 (November 10, 2025, two weeks ahead of schedule).HPC and AI CloudHPC ARR of $35 million contracted at fiscal year-end, with $660 million targeted by year-end 2028 anchored by the 320 MW GTA Gigafactory project.Bell B200 Cluster Operational: HIVE's first 504 NVIDIA B200 GPU cluster, deployed at Bell Canada AI Fabric's Tier-III data center in Manitoba, went live in May 2026 at signed contract pricing of $2.90 per GPU-hour, 32% above the planning rate of $2.20 per GPU-hour. The deployment lifts HIVE's BUZZ HPC ARR from approximately $20 million to approximately $35 million.320 MW GTA Gigafactory Project: On May 18, 2026, HIVE's BUZZ HPC announced the development of a 320 MW industrial-scale AI gigafactory in the Greater Toronto Area, designed to host more than 100,000 GPUs at full build-out and to become one of Canada's largest AI gigafactories. The Company acquired a contiguous 25-acre site for total land consideration of CAD $58 million (a 21-acre Main Parcel for CAD $46 million and an adjacent 4-acre Additional Parcel for CAD $12 million) in the Toronto-Waterloo innovation corridor. The project is targeted to come online in the second half of 2027, with capital investment of approximately CAD $3.5 billion expected to generate 800+ construction jobs and hundreds of permanent high-skill roles. The facility is designed for high-efficiency AI compute powered by Ontario's clean grid, using closed-loop liquid cooling with a no-water-use approach consistent with the Company's sub-1.3 PUE sustainability standard. At signed peer-comparable Tier-III colocation pricing of approximately $150 per kW per month over 15-year terms, the facility's 200 MW of IT load translates to approximately $360 million of annualized recurring revenue at full operation.Eastern Canada Sovereign AI Connectivity: On May 8, 2026, HIVE's BUZZ announced the build-out of private high-capacity wavelength services to its 70 MW Grand Falls, New Brunswick data center, the connectivity backbone for what is intended to become Eastern Canada's first sovereign AI factory.Paraguay AI Cloud Milestone: On March 18, 2026, HIVE's BUZZ AI Cloud platform in Asunción, Paraguay reached its first enterprise milestone, powering large-language-model research collaboration with Columbia University from New York to Asunción.AMC Robotics Collaboration: On March 13, 2026, HIVE and AMC Robotics Corporation (NASDAQ: AMCI) announced a collaboration to deploy GPU-accelerated compute infrastructure supporting AMC's AI-driven robotics solutions, expanding HIVE's BUZZ HPC platform into emerging AI compute use cases.Capital Structure and ListingsTSX Up-Listing: On May 7, 2026, HIVE announced the up-listing of its common shares from the TSX Venture Exchange to the senior board of the Toronto Stock Exchange (TSX). Trading on the TSX under the symbol "HIVE" commenced on May 19, 2026, broadening institutional access and improving index inclusion eligibility.$115 Million 0% Exchangeable Senior Notes Financing: On April 21, 2026, the Company's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. closed a private placement of $115 million aggregate principal amount of 0% Exchangeable Senior Notes due 2031, including the full exercise of the initial purchasers' option to purchase an additional $15 million of Notes. Net proceeds were approximately $109.5 million after deducting commissions and expenses. The Notes bear no interest, do not accrete, are exchangeable into common shares of the Company at an initial exchange rate of 389.5029 shares per $1,000 principal (approximately $2.57 per share), and rank as senior unsecured obligations. In connection with the offering, the Company entered into capped call transactions for approximately $19.8 million designed to mitigate potential dilution upon exchange up to an initial cap price of approximately $4.92 per share, a 125% premium over the April 16, 2026, Nasdaq closing price.The Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months and year ended March 31, 2026, will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.Financial Statements and MD&AThe Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the year ended March 31, 2026, will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new sites in Paraguay and Toronto and their potential, the timing of it becoming operational; business goals and objectives of the Company, including its target hashrate milestones and the costs to achieve the milestones; the results of operations for the three and twelve months ended March 31, 2026; the expected costs of maintaining and growing its operations; financial information related to annualized run rate; the acquisition, deployment and optimization of the hashrate fleet and equipment; the continued viability of its existing Bitcoin hashrate services operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our hashrate facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency hashrate assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of Tier-I hashrate services in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate Tier-I hashrate assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.Use and Reconciliation of Non-GAAP Financial MeasuresIn addition to financial measures presented under generally accepted accounting principles in the United States of America ("GAAP"), we consistently evaluate our use of and calculation of non-GAAP financial measures such as gross operating margin, EBITDA and Adjusted EBITDA. HIVE's Board of Directors and management use these non-GAAP financial measures to supplement GAAP metrics to provide a more complete understanding of the factors and trends affecting the Company, and to better understand the Company's core operating results across fiscal reporting periods. The Company believes that these non-GAAP financial measures, while not a substitute for GAAP measures, provide investors with (i) an improved ability to evaluate the underlying performance of the Company and (ii) greater transparency of the key performance metrics used by management with respect to operational and financial decision making.The non-GAAP financial measures presented herein are provided as supplemental information to the Company's performance measures calculated in accordance with GAAP and should not be considered in isolation or as a substitute for US GAAP. Non-GAAP financial measures do not have any standardized meaning prescribed under US GAAP and therefore may not be comparable to other issuers. Because of the non-standardized nature of non-GAAP financial measures, HIVE's presentation herein may not be comparable to similarly titled measures used by other companies. CONSOLIDATED RESULTS OF OPERATIONS ON A PERIOD END BASIS
Year ended March 31,
(in thousands)
2026
2025
2024
Revenue from digital currency mining$278,269
$105,236
$111,044
High performance computing hosting
19,522
10,043
3,421
297,791
115,279
114,465
Operating and maintenance
(186,729)
(88,159)
(76,308)High performance computing service fees
(3,165)
(1,972)
(635)Depreciation
(170,425)
(64,490)
(63,599)
(62,528)
(39,342)
(26,077)
Gross operating margin
107,897
25,148
37,522
Gross operating margin % (1)
36%
22%
33%
Gross margin %
(21%)
(34%)
(23%)
Net realized and unrealized gains on digital currencies (2)
10,742
33,674
81,835
General and administrative
(31,392)
(16,648)
(13,204)Foreign exchange (loss) gain
(391)
(5,107)
2,054
Share-based compensation
(25,457)
(10,888)
(7,249)Unrealized gain on investments
(16,027)
19,067
3,743
Realized loss on investments
-
(311)
-
Change in fair value of derivatives
(22,706)
3,652
362
Provision on sales tax receivables
2,915
966
(6,777)Impairment of receivable on sale of subsidiary
(1,816)
-
-
Gain on sale of mining assets
1,360
18,493
1,081
Other income (expense)
2,045
346
(59)Finance expense
(1,326)
(2,290)
(3,024)Tax expense
(3,867)
(4,608)
(6,185)Net loss from continuing operations$(148,448)$(2,996)$26,500
(1) Non-GAAP measure. A reconciliation to its nearest US GAAP measures is provided under "Reconciliations of Non-GAAP Financial Performance Measures" below.(2) Net realized and unrealized gains (losses) on digital currencies is calculated as the change in fair value (gain or loss) on the coin inventory, and the gain (loss) on the sale of digital currencies which is the net difference between the proceeds and the carrying value of the digital currency.Gross Operating MarginThe Company believes that, in addition to conventional measures prepared in accordance with US GAAP, it is helpful to management, the board and investors to use the gross operating margin to evaluate the Company's performance and its ability to generate cash flows and service debt. The gross operating margin is defined as total revenue less direct cash costs, being operating and maintenance costs and high-performance computing service feesThe following table provides illustration of the calculation of the gross operating margin for the last three fiscal years:Calculation of Gross Operating Margin:
(in thousands)
FY26
FY25
FY24
Revenue $297,791
$115,279
$114,465
Less:
Operating and maintenance costs:
(186,729)
(88,159)
(76,308)HPC service fees:
(3,165)
(1,972)
(635)Gross Operating Margin$107,897
$25,148
$37,522
Gross Operating Margin %
36%
22%
33%
The following table provides illustration of the calculation of the gross operating margin for the last five quarters:Calculation of Gross Operating Margin:
(in thousands)
Q4 2026
Q3 2026
Q2 2026
Q1 2026
Q4 2025
Revenue (1)$71,816
$93,111
$87,253
$45,611
$31,161
Less:
Operating and maintenance costs:
(53,597)
(60,084)
(44,065)
(28,983)
(21,787)HPC service fees:
(689)
(883)
(784)
(809)
(596)Gross Operating Margin$17,530
$32,144
$42,404
$15,819
$8,778
Gross Operating Margin %
24%
35%
49%
35%
28%
(1) As presented on the statements of (loss) income and comprehensive income (loss).EBITDA & Adjusted EBITDAThe Company uses EBITDA and Adjusted EBITDA as a metric that is useful to management, the board and investors for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities.EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for by removing other non-cash items, including share-based compensation, finance expense, depreciation and one-time transactions.The following table provides illustration of the calculation of EBITDA and Adjusted EBITDA for the last three fiscal years:To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/299796_hivetbl406012026.jpgThe following table provides illustration of the calculation of EBITDA and Adjusted EBITDA for the last five quarters:Calculation of EBITDA & Adjusted EBITDA:
(in thousands)Q4 2026Q3 2026Q2 2026Q1 2026Q4 F2025Net (loss) income (1)(76,340)(91,327)(15,797)35,016(52,949)Add the impact of the following:
Finance expense411299328288596Depreciation52,70257,42038,29222,01117,967Tax expense1,7034961,0196493,159EBITDA(21,524)(33,112)23,84257,964(31,227)Change in fair value of derivatives5,30731,5712,264(16,436)(2,028)Provision on sales tax receivables-(1,548)-(1,367)-Impairment of receivable on sale of subsidiary-1,816---Gain on sale of mining assets--(48)(1,312)(2,060)Share-based compensation7,2376,9985,4725,7504,639Adjusted EBITDA(8,980)5,72531,53044,599(30,676) (1) As presented on the statements of (loss) income and comprehensive income (loss).1 EBITDA and Adjusted EBITDA are non-GAAP financial measures and should be read in conjunction with, and should not be viewed as alternative to or replacement of measures of operating results and liquidity presented in accordance with U.S. GAAP. Refer to reconciliation to the most comparable GAAP measure included at the end of this news release.2 Source: CoinMarketCap, average daily closing price for the three months ended December 31, 2025.3 ARR refers to the Company's run rate revenue calculated on an annualized basis. As context dictates, the Company calculates ARR by: (i) multiplying the revenue realized per week times 52 weeks per year, (ii) multiplying the realized revenue per day times 365 days per year, or (iii) multiplying the per quarter times four quarters per year. Projections of ARR may be unreliable as a predictor of future results because such projections typically do not incorporate the possibility of subsequent cancellations, discounts or downgrades in services. We believe that ARR is a key indicator of our future revenue potential. However, ARR does not represent GAAP revenue on an annualized basis, is not intended to be a replacement or forecast of GAAP revenue and should be viewed independently as an operating metric.4 SemiAnalysis ClusterMAX™ 2.0 GPU Cloud Rating System (November 2025). Available at https://newsletter.semianalysis.com/p/clustermax-20-the-industry-standard5 Source: Power Mining Analysis. Available at https://poweranalysis.io/hiveTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299796 Original: RETRANSMISSION: HIVE Achieves FY2026 Total Revenue of $297.8 Million (+158% YoY), HIVE's BUZZ HPC Positioned for Growth
US Market News
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HIVE Achieves FY2026 Total Revenue of $297.8 Million (+158% YoY), HIVE's BUZZ HPC Positioned for GrowthJune 2, 2026 2:02 AM
NewsfileThis 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. - June 2, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, announces its results for the full year ended March 31, 2026 (all amounts in US dollars, unless otherwise indicated).FY2026 Financial Highlights:Total Revenue: $297.8 million, from digital currency mining ($278.3 million) and high-performance computing (HPC) hosting services ($19.5 million).Digital Currency Revenue: $278.3 million, up 164% year-over-year driven by an approximately four-fold increase in installed operational hashrate and higher average Bitcoin prices (FY2026 average of $98,040 vs. $75,881 in FY2025).Bitcoin Production: 2,885 Bitcoin mined during the fiscal year, up 104% from 1,414 Bitcoin in FY2025, materially outpacing the approximately 42% increase in average network difficulty (from 95.7T in FY2025 to 135.8T in FY2026). As of March 31, 2026, HIVE's total installed hashrate was 25.1 EH/s, or approximately 24.5 EH/s after accounting for controlled downclocking for fleet optimization.HPC Revenue: HIVE's BUZZ HPC business generated a record $19.5 million, up 94% from $10.0 million in FY2025, driven by the deployment of the NVIDIA H200 GPU cluster and strong demand on GPU marketplace.Gross Operating Margins: $107.9 million (36% margin), versus $25.1 million (22% margin) in FY2025 - a 14 percentage-point expansion reflecting operating leverage on the 300 MW Paraguay expansion and HPC gross margin expansion to approximately 40%.G&A: $31.4 million, up from $16.6 million in FY2025 primarily as a result of increased staff to support HIVE's global expansion in digital currency mining, particularly in Paraguay, and the growth of its BUZZ HPC business.GAAP Net Loss: $148.4 million, of which approximately $221.3 million is non-cash, comprising $170.4 million of depreciation and $50.9 million of net non-cash adjustments (primarily share-based compensation, change in fair value of BTC equipment-deposit derivatives, and unrealized loss on investments, partially offset by net realized and unrealized gains on digital currencies and sales-tax recovery).Adjusted EBITDA1: $72.9 million or 24% of total revenue.Digital Assets: $10.8 million in total digital currency holdings on March 31, 2026, including 150 Bitcoin. Q4 FY2026 Financial Highlights:Total Revenue: $71.8 million, from digital currency mining and high-performance computing (HPC) hosting services. Bitcoin Mining Revenue: $67.2 million, down 23.9% sequentially from fiscal Q3 2026 driven by an approximately 27% decline in average Bitcoin price (Q4 average of $76,476 vs. approximately $98,000 in Q32) and an approximately 27% year-over-year increase in average network difficulty (140.7T vs. 111.2T), partially offset by higher average operational hashrate following the completion of Paraguay Phase 3 in November 2025.Bitcoin Production: 876 Bitcoin mined in Q4 2026, broadly in line with the prior quarter as record operational hashrate from the completion of Paraguay Phase 3 offset continued increases in global network difficulty.HPC Revenue: $4.6 million, marginally below Q3 FY2026 as the deployment of HIVE's 504 NVIDIA B200 GPU cluster at Bell Canada's AI Fabric facility shifted from March to May 2026, but up 54% year-over-year from $3.0 million in Q4 FY2025, driven by a full quarter of revenue contribution from the previously deployed NVIDIA H200 GPU cluster, an approximate doubling of GPU marketplace revenue, and additional revenue from new bare-metal customer contracts.Gross Operating Margins: $17.5 million in gross operating margin or 24%.G&A: $9.4 million, up slightly from $8.4 million in Q3 FY2026 reflecting continued investment in personnel to support Paraguay operations and HIVE's BUZZ HPC growth.GAAP Net Loss: $83.3 million, of which approximately $74.7 million is non-cash, comprising $52.7 million of depreciation and $30.6 million of non-cash adjustments.Adjusted EBITDA1: ($9.0) million, reflecting Q4 hashprice compression as Bitcoin declined sharply from its October all-time high through quarter-end and global network difficulty climbed to record levels, together with non-cash foreign-exchange translation losses on multi-jurisdictional balances.Management InsightsFrank Holmes, Co-Founder and Executive Chairman: "Fiscal 2026 marked a defining year for HIVE. As one of the first publicly traded Bitcoin miners to invest in GPU cloud computing and AI infrastructure, we began building a diversified dual-engine growth strategy years ago. In fiscal 2026, we significantly expanded both sides of our platform, increasing our Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s and growing contracted HPC ARR to $35 million. This growth translated into strong financial results, with revenue increasing 158% to $297.8 million, gross operating margin increasing 329% to $107.9 million and adjusted EBITDA reaching $72.9 million. Our Paraguay expansion transformed HIVE into one of the world's largest operators of green-energy-powered Bitcoin mining infrastructure, while our BUZZ HPC grew contracted ARR3 to $35 million and established HIVE as an emerging leader in Canadian AI infrastructure. With a clear pathway to $660 million of ARR by year-end 2028, anchored by our planned 320 MW AI Gigafactory in the Greater Toronto Area ("GTA"), the largest planned Canadian AI infrastructure project under private ownership, we believe we are well positioned to capitalize on the growing demand for AI infrastructure.Looking ahead, HIVE sits at the intersection of two powerful technology trends: Bitcoin and AI. Our mandate remains unchanged: disciplined, high-ROIC growth powered by 100% green energy. We believe the investments we have made over the past several years position HIVE for one of the most significant growth periods in our history. I would like to thank our shareholders, our employees, and our partners for their continued trust."Aydin Kilic, President & CEO: "We are data-center builders and operators with a strong pedigree in orchestrating compute, whether GPU- or ASIC-based. Our network, firmware and high-voltage engineering skill sets cover the core competencies required to excel in this rapidly evolving sector. Our global controls and processes are often best-in-class, evidenced by BUZZ Cloud's fastest download speeds4 and HIVE's BTC-per-EH/s production, top ranked amongst other miners5.In 2025, we built 300 MW of hydro-powered Tier-I data center capacity in Paraguay. This capacity was brought online within six months and included the construction and commissioning of two large substations.This year, we have announced a 320 MW site in the GTA, which will be home to Canada's largest AI data center under private ownership and, with capacity for 100,000 NVIDIA GPUs, will be a true Gigafactory. Along with our 70 MW Grand Falls, New Brunswick site and 7 MW Toronto Airport site, we have approximately 400 MW of HPC Tier-III data center capacity in Canada that we look to energize over the next 18 months.We successfully executed one of the largest expansion programs in HIVE's history while continuing to scale our AI infrastructure platform. Our first liquid-cooled NVIDIA B200 GPU cluster with Bell Canada AI Fabric is now live and contributing approximately $15 million of incremental ARR, increasing our contracted HPC ARR from approximately $20 million to $35 million. This deployment validates both the strength of demand for AI infrastructure and our ability to deliver enterprise-grade compute solutions for leading customers.The pace of execution across both businesses has been extraordinary. We are also doubling the size of our GPU cloud this year, from approximately 5,500 NVIDIA GPUs to approximately 11,000 GPUs under management by the end of calendar 2026, which is expected to generate over $200 million of AI Cloud ARR."Darcy Daubaras, CFO: "The financial results from fiscal 2026 highlight the operating leverage embedded in HIVE's business model. Revenue increased 158% year-over-year to $297.8 million, gross operating margin expanded to 36.2%, and cash from operations increased 3.5-fold to $62.3 million. Our annual return on invested capital of 13.3% reflects the discipline with which we deploy capital and compares favorably with our publicly listed peers. The GAAP net loss of $148.4 million was largely attributable to non-cash items, including depreciation and other accounting adjustments. After year-end, we closed $115 million of 0% Exchangeable Senior Notes due 2031, generating net proceeds of approximately $109.5 million. In connection with the financing, we also entered into capped-call transactions designed to mitigate potential dilution up to a 125% premium to our April reference price. We exit the year with a fully funded Paraguay buildout, a growing HPC pipeline, and the balance-sheet flexibility to pursue the highest-return opportunities across our Bitcoin mining and AI infrastructure platforms."FY2026 and Recent Operational and Financial Highlights:Bitcoin Mining OperationsInstalled Bitcoin Mining Hashrate of 25.1 EH/s on March 31, 2026 (25.3 EH/s today) at fleet efficiency of approximately 16.5 J/TH, up from 6.5 EH/s on March 31, 2025, a roughly four-fold increase.Operational Global Power Capacity of 440 MW across Canada, Sweden, and Paraguay, all powered by green energy.300 MW Paraguay Expansion delivered across three phases: Yguazú Phase 1 (June 2025), Yguazú Phase 2 (early September 2025), and Valenzuela Phase 3 (November 10, 2025, two weeks ahead of schedule).HPC and AI CloudHPC ARR of $35 million contracted at fiscal year-end, with $660 million targeted by year-end 2028 anchored by the 320 MW GTA Gigafactory project.Bell B200 Cluster Operational: HIVE's first 504 NVIDIA B200 GPU cluster, deployed at Bell Canada AI Fabric's Tier-III data center in Manitoba, went live in May 2026 at signed contract pricing of $2.90 per GPU-hour, 32% above the planning rate of $2.20 per GPU-hour. The deployment lifts HIVE's BUZZ HPC ARR from approximately $20 million to approximately $35 million.320 MW GTA Gigafactory Project: On May 18, 2026, HIVE's BUZZ HPC announced the development of a 320 MW industrial-scale AI gigafactory in the Greater Toronto Area, designed to host more than 100,000 GPUs at full build-out and to become one of Canada's largest AI gigafactories. The Company acquired a contiguous 25-acre site for total land consideration of CAD $58 million (a 21-acre Main Parcel for CAD $46 million and an adjacent 4-acre Additional Parcel for CAD $12 million) in the Toronto-Waterloo innovation corridor. The project is targeted to come online in the second half of 2027, with capital investment of approximately CAD $3.5 billion expected to generate 800+ construction jobs and hundreds of permanent high-skill roles. The facility is designed for high-efficiency AI compute powered by Ontario's clean grid, using closed-loop liquid cooling with a no-water-use approach consistent with the Company's sub-1.3 PUE sustainability standard. At signed peer-comparable Tier-III colocation pricing of approximately $150 per kW per month over 15-year terms, the facility's 200 MW of IT load translates to approximately $360 million of annualized recurring revenue at full operation.Eastern Canada Sovereign AI Connectivity: On May 8, 2026, HIVE's BUZZ announced the build-out of private high-capacity wavelength services to its 70 MW Grand Falls, New Brunswick data center, the connectivity backbone for what is intended to become Eastern Canada's first sovereign AI factory.Paraguay AI Cloud Milestone: On March 18, 2026, HIVE's BUZZ AI Cloud platform in Asunción, Paraguay reached its first enterprise milestone, powering large-language-model research collaboration with Columbia University from New York to Asunción.AMC Robotics Collaboration: On March 13, 2026, HIVE and AMC Robotics Corporation (Nasdaq: AMCI) announced a collaboration to deploy GPU-accelerated compute infrastructure supporting AMC's AI-driven robotics solutions, expanding HIVE's BUZZ HPC platform into emerging AI compute use cases.Capital Structure and ListingsTSX Up-Listing: On May 7, 2026, HIVE announced the up-listing of its common shares from the TSX Venture Exchange to the senior board of the Toronto Stock Exchange (TSX). Trading on the TSX under the symbol "HIVE" commenced on May 19, 2026, broadening institutional access and improving index inclusion eligibility.$115 Million 0% Exchangeable Senior Notes Financing: On April 21, 2026, the Company's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. closed a private placement of $115 million aggregate principal amount of 0% Exchangeable Senior Notes due 2031, including the full exercise of the initial purchasers' option to purchase an additional $15 million of Notes. Net proceeds were approximately $109.5 million after deducting commissions and expenses. The Notes bear no interest, do not accrete, are exchangeable into common shares of the Company at an initial exchange rate of 389.5029 shares per $1,000 principal (approximately $2.57 per share), and rank as senior unsecured obligations. In connection with the offering, the Company entered into capped call transactions for approximately $19.8 million designed to mitigate potential dilution upon exchange up to an initial cap price of approximately $4.92 per share, a 125% premium over the April 16, 2026, Nasdaq closing price.The Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months and year ended March 31, 2026, will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.Financial Statements and MD&AThe Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the year ended March 31, 2026, will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new sites in Paraguay and Toronto and their potential, the timing of it becoming operational; business goals and objectives of the Company, including its target hashrate milestones and the costs to achieve the milestones; the results of operations for the three and twelve months ended March 31, 2026; the expected costs of maintaining and growing its operations; financial information related to annualized run rate; the acquisition, deployment and optimization of the hashrate fleet and equipment; the continued viability of its existing Bitcoin hashrate services operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our hashrate facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency hashrate assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of Tier-I hashrate services in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate Tier-I hashrate assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.Use and Reconciliation of Non-GAAP Financial MeasuresIn addition to financial measures presented under generally accepted accounting principles in the United States of America ("GAAP"), we consistently evaluate our use of and calculation of non-GAAP financial measures such as gross operating margin, EBITDA and Adjusted EBITDA. HIVE's Board of Directors and management use these non-GAAP financial measures to supplement GAAP metrics to provide a more complete understanding of the factors and trends affecting the Company, and to better understand the Company's core operating results across fiscal reporting periods. The Company believes that these non-GAAP financial measures, while not a substitute for GAAP measures, provide investors with (i) an improved ability to evaluate the underlying performance of the Company and (ii) greater transparency of the key performance metrics used by management with respect to operational and financial decision making.The non-GAAP financial measures presented herein are provided as supplemental information to the Company's performance measures calculated in accordance with GAAP and should not be considered in isolation or as a substitute for US GAAP. Non-GAAP financial measures do not have any standardized meaning prescribed under US GAAP and therefore may not be comparable to other issuers. Because of the non-standardized nature of non-GAAP financial measures, HIVE's presentation herein may not be comparable to similarly titled measures used by other companies. CONSOLIDATED RESULTS OF OPERATIONS ON A PERIOD END BASIS
Year ended March 31,
(in thousands)
2026
2025
2024
Revenue from digital currency mining$278,269
$105,236
$111,044
High performance computing hosting
19,522
10,043
3,421
297,791
115,279
114,465
Operating and maintenance
(186,729)
(88,159)
(76,308)High performance computing service fees
(3,165)
(1,972)
(635)Depreciation
(170,425)
(64,490)
(63,599)
(62,528)
(39,342)
(26,077)
Gross operating margin
107,897
25,148
37,522
Gross operating margin % (1)
36%
22%
33%
Gross margin %
(21%)
(34%)
(23%)
Net realized and unrealized gains on digital currencies (2)
10,742
33,674
81,835
General and administrative
(31,392)
(16,648)
(13,204)Foreign exchange (loss) gain
(391)
(5,107)
2,054
Share-based compensation
(25,457)
(10,888)
(7,249)Unrealized gain on investments
(16,027)
19,067
3,743
Realized loss on investments
-
(311)
-
Change in fair value of derivatives
(22,706)
3,652
362
Provision on sales tax receivables
2,915
966
(6,777)Impairment of receivable on sale of subsidiary
(1,816)
-
-
Gain on sale of mining assets
1,360
18,493
1,081
Other income (expense)
2,045
346
(59)Finance expense
(1,326)
(2,290)
(3,024)Tax expense
(3,867)
(4,608)
(6,185)Net loss from continuing operations$(148,448)$(2,996)$26,500
(1) Non-GAAP measure. A reconciliation to its nearest US GAAP measures is provided under "Reconciliations of Non-GAAP Financial Performance Measures" below.(2) Net realized and unrealized gains (losses) on digital currencies is calculated as the change in fair value (gain or loss) on the coin inventory, and the gain (loss) on the sale of digital currencies which is the net difference between the proceeds and the carrying value of the digital currency.Gross Operating MarginThe Company believes that, in addition to conventional measures prepared in accordance with US GAAP, it is helpful to management, the board and investors to use the gross operating margin to evaluate the Company's performance and its ability to generate cash flows and service debt. The gross operating margin is defined as total revenue less direct cash costs, being operating and maintenance costs and high-performance computing service feesThe following table provides illustration of the calculation of the gross operating margin for the last three fiscal years:Calculation of Gross Operating Margin:
(in thousands)
FY26
FY25
FY24
Revenue $297,791
$115,279
$114,465
Less:
Operating and maintenance costs:
(186,729)
(88,159)
(76,308)HPC service fees:
(3,165)
(1,972)
(635)Gross Operating Margin$107,897
$25,148
$37,522
Gross Operating Margin %
36%
22%
33%
The following table provides illustration of the calculation of the gross operating margin for the last five quarters:Calculation of Gross Operating Margin:
(in thousands)
Q4 2026
Q3 2026
Q2 2026
Q1 2026
Q4 2025
Revenue (1)$71,816
$93,111
$87,253
$45,611
$31,161
Less:
Operating and maintenance costs:
(53,597)
(60,084)
(44,065)
(28,983)
(21,787)HPC service fees:
(689)
(883)
(784)
(809)
(596)Gross Operating Margin$17,530
$32,144
$42,404
$15,819
$8,778
Gross Operating Margin %
24%
35%
49%
35%
28%
(1) As presented on the statements of (loss) income and comprehensive income (loss).EBITDA & Adjusted EBITDAThe Company uses EBITDA and Adjusted EBITDA as a metric that is useful to management, the board and investors for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities.EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for by removing other non-cash items, including share-based compensation, finance expense, depreciation and one-time transactions.The following table provides illustration of the calculation of EBITDA and Adjusted EBITDA for the last three fiscal years:To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/299795_hivetbl406012026.jpgThe following table provides illustration of the calculation of EBITDA and Adjusted EBITDA for the last five quarters:Calculation of EBITDA & Adjusted EBITDA:
(in thousands)Q4 2026Q3 2026Q2 2026Q1 2026Q4 F2025Net (loss) income (1)(76,340)(91,327)(15,797)35,016(52,949)Add the impact of the following:
Finance expense411299328288596Depreciation52,70257,42038,29222,01117,967Tax expense1,7034961,0196493,159EBITDA(21,524)(33,112)23,84257,964(31,227)Change in fair value of derivatives5,30731,5712,264(16,436)(2,028)Provision on sales tax receivables-(1,548)-(1,367)-Impairment of receivable on sale of subsidiary-1,816---Gain on sale of mining assets--(48)(1,312)(2,060)Share-based compensation7,2376,9985,4725,7504,639Adjusted EBITDA(8,980)5,72531,53044,599(30,676) (1) As presented on the statements of (loss) income and comprehensive income (loss).1 EBITDA and Adjusted EBITDA are non-GAAP financial measures and should be read in conjunction with, and should not be viewed as alternative to or replacement of measures of operating results and liquidity presented in accordance with U.S. GAAP. Refer to reconciliation to the most comparable GAAP measure included at the end of this news release.2 Source: CoinMarketCap, average daily closing price for the three months ended December 31, 2025.3 ARR refers to the Company's run rate revenue calculated on an annualized basis. As context dictates, the Company calculates ARR by: (i) multiplying the revenue realized per week times 52 weeks per year, (ii) multiplying the realized revenue per day times 365 days per year, or (iii) multiplying the per quarter times four quarters per year. Projections of ARR may be unreliable as a predictor of future results because such projections typically do not incorporate the possibility of subsequent cancellations, discounts or downgrades in services. We believe that ARR is a key indicator of our future revenue potential. However, ARR does not represent GAAP revenue on an annualized basis, is not intended to be a replacement or forecast of GAAP revenue and should be viewed independently as an operating metric.4 SemiAnalysis ClusterMAX™ 2.0 GPU Cloud Rating System (November 2025). Available at https://newsletter.semianalysis.com/p/clustermax-20-the-industry-standard5 Source: Power Mining Analysis. Available at https://poweranalysis.io/hiveTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299795 Original: HIVE Achieves FY2026 Total Revenue of $297.8 Million (+158% YoY), HIVE's BUZZ HPC Positioned for Growth
US Market News
2 weeks ago
RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto AreaMay 18, 2026 6:00 AM
NewsfileBUZZ is building industrial-scale infrastructure designed to help Canada scale compute capacity, accelerate domestic AI adoption, and support the next generation of enterprise, research and public sector AI applications.Toronto, Ontario--(Newsfile Corp. - May 18, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0), through its wholly owned subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC" or "BUZZ"), today announced that BUZZ is advancing a major infrastructure investment in Ontario, anchored by a planned new industrial-scale AI infrastructure facility, also known as an AI gigafactory, in the Greater Toronto Area ("GTA") with approximately 320 megawatts ("MW") of utility capacity. The project is expected to become one of Canada's largest AI gigafactories, designed to support fully vertically integrated AI supercomputers and host more than 100,000 GPUs at full build-out. An AI gigafactory is the industrial infrastructure of the intelligence economy: a facility that converts compute into intelligence, helping make Canadian businesses more competitive.Canada Invented Modern AI. Now It Is Building the Factories That Will Own It. BUZZ High Performance Computing Inc. acquired land comprising approximately 21 acres (the "Main Parcel") for a purchase price of $46 million, as well as an additional parcel of land adjacent to the Main Parcel, measuring approximately 4 acres (the "Additional Parcel"), for a purchase price of $12 million. The Main Parcel and the Additional Parcel collectively comprise a contiguous site benefiting from a 320 MW power allocation. BUZZ has secured major milestones along the project's 320 MW power pathway to develop sovereign AI infrastructure in the Toronto-Waterloo innovation corridor. The project is designed to place massive industrial-scale compute directly inside Canada's largest metropolitan economy and one of North America's most important hubs for technology, financial services, and artificial intelligence.The vision of sovereign AI infrastructure is to provide the physical backbone for Canada's intelligence economy. Compute is the new sovereignty. Countries that own the machines will write the future. Countries that rent compute from data centers abroad will not contain sensitive data within their borders. Located within one of the most important 100-kilometre corridors in global AI, the project is positioned between Geoffrey Hinton's legacy, the University of Toronto and the Vector Institute to the east, and Waterloo's world-leading systems and engineering talent to the west. This places the facility at the intersection of research excellence, enterprise demand, and low-latency global network connectivity.Key Highlights:Target Online: Second half of 2027.Capital Investment: ~CAD $3.5 billion.Jobs: 800+ construction, hundreds of permanent high-skill roles.Powered by Ontario's Clean Grid: Designed for high efficiency AI compute using closed-loop cooling systems with no-water use approach consistent with BUZZ HPC's broader sustainability strategy.Community First Approach: Focused on responsible development, local economic participation and long-term alignment with national priorities.Frank Holmes, Executive Chairman of HIVE and BUZZ:"AI is the new industrial base and compute is the factory floor. Canada produced the Godfathers of deep learning but kept renting the factories. That era is over. Between Toronto and Waterloo, BUZZ is building the sovereign AI infrastructure that turns Canadian intelligence into Canadian dominance. At full build-out, this intelligence factory will deploy over 100,000 GPUs, creating one of North America's largest domestically controlled AI clusters. Low-latency inference, AI agents, financial platforms, healthcare breakthroughs, scientific discovery, and national priority workloads will finally run on Canadian iron, under Canadian control. Our vision is to build AI infrastructure that will serve humanity, with the potential to improve quality of life for millions of Canadians."Aydin Kilic, President & CEO of HIVE Digital Technologies:"We have been strategically land-banking by regional substations, and we are very pleased to announce this expansion. HIVE now has over 850 MW of power globally; this includes our 450 MW of operating data centers plus a pipeline of 400 MW of capacity, which we expect to bring online in 2027. Globally diversified growth, this includes our 100 MW of operating data centers in Canada, now with a pipeline of 320 MW for 2027. BUZZ has done a phenomenal job expanding our footprint in Canada. With 5,500 GPUs online today doing AI compute, along with our 70 MW New Brunswick Grand Falls site, and now our 320 MW GTA site, we have the land and power to develop a pipeline of infrastructure to support approximately 130,000 GPUs. This puts HIVE and BUZZ at a global scale, with the largest AI native clouds."Craig Tavares, President & COO of BUZZ HPC:"This investment is nationally important to Canada's efforts to build the infrastructure required for the next generation of AI innovation. Compute is the new engine of the AI economy. If Canada wants to lead in AI, we need to build the factories that produce intelligence here at home. Canada has the clean energy, network connectivity and research ecosystem to lead AI innovation around the world. BUZZ is building the infrastructure layer that turns Canada's AI ambition into reality. This gigafactory is the engine Canada needs to lead the intelligence economy. This facility anchors BUZZ's national AI platform spanning British Columbia, Manitoba, Ontario, Quebec, and New Brunswick. It is being built as a fully vertically integrated, Canadian-governed supercomputing platform for the age of inference and enterprise AI. Being a Greater Toronto Area resident, it is an honor to build Canada's first AI gigafactory in our community. I believe the jobs and economic development this project will offer, will provide tremendous value to the community."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078About BUZZBUZZ High Performance Computing ("BUZZ"), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSX: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters in vertically integrated data centres. Proudly Canadian, BUZZ is building sovereign AI factories while operating across 9 time zones and 3 continents. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads.Headquartered in Canada with a global reach, BUZZ is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its AI Factories are powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) below 1.3, hosting thousands of industrial-grade GPUs across North America, South America, and Europe used for AI model training, fine-tuning, and inference.Through its Green GPU initiative, BUZZ combines AI innovation with sustainability, offering localized expertise and global infrastructure.Learn more at buzzhpc.ai.For further information, please contact:Craig Tavares, BUZZ President and COOTel: (604) 664-1078Neither the TSX, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.Forward-Looking InformationForward-looking information is based on current management expectations, estimates, and assumptions, including that infrastructure will be deployed on expected timelines and within budget, that demand for AI computing will continue to grow, and that the Company will be able to execute on its Canadian AI infrastructure growth strategy. Known and unknown risks - including changes to deployment timelines, cost overruns, lower-than-anticipated demand, GPU procurement or network buildout delays, and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ and EDGAR - may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise such information except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297772 Original: RETRANSMISSION: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto Area
US Market News
2 weeks ago
HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto AreaMay 18, 2026 1:00 AM
NewsfileBUZZ is building industrial-scale infrastructure designed to help Canada scale compute capacity, accelerate domestic AI adoption, and support the next generation of enterprise, research and public sector AI applications.Toronto, Ontario--(Newsfile Corp. - May 18, 2026) - HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (FSE: YO0), through its wholly owned subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC" or "BUZZ"), today announced that BUZZ is advancing a major infrastructure investment in Ontario, anchored by a planned new industrial-scale AI infrastructure facility, also known as an AI gigafactory, in the Greater Toronto Area ("GTA") with approximately 320 megawatts ("MW") of utility capacity. The project is expected to become one of Canada's largest AI gigafactories, designed to support fully vertically integrated AI supercomputers and host more than 100,000 GPUs at full build-out. An AI gigafactory is the industrial infrastructure of the intelligence economy: a facility that converts compute into intelligence, helping make Canadian businesses more competitive.Canada Invented Modern AI. Now It Is Building the Factories That Will Own It. BUZZ High Performance Computing Inc. acquired land comprising approximately 21 acres (the "Main Parcel") for a purchase price of $46 million, as well as an additional parcel of land adjacent to the Main Parcel, measuring approximately 4 acres (the "Additional Parcel"), for a purchase price of $12 million. The Main Parcel and the Additional Parcel collectively comprise a contiguous site benefiting from a 320 MW power allocation. BUZZ has secured major milestones along the project's 320 MW power pathway to develop sovereign AI infrastructure in the Toronto-Waterloo innovation corridor. The project is designed to place massive industrial-scale compute directly inside Canada's largest metropolitan economy and one of North America's most important hubs for technology, financial services, and artificial intelligence.The vision of sovereign AI infrastructure is to provide the physical backbone for Canada's intelligence economy. Compute is the new sovereignty. Countries that own the machines will write the future. Countries that rent compute from data centers abroad will not contain sensitive data within their borders. Located within one of the most important 100-kilometre corridors in global AI, the project is positioned between Geoffrey Hinton's legacy, the University of Toronto and the Vector Institute to the east, and Waterloo's world-leading systems and engineering talent to the west. This places the facility at the intersection of research excellence, enterprise demand, and low-latency global network connectivity.Key Highlights:Target Online: Second half of 2027.Capital Investment: ~CAD $3.5 billion.Jobs: 800+ construction, hundreds of permanent high-skill roles.Powered by Ontario's Clean Grid: Designed for high efficiency AI compute using closed-loop cooling systems with no-water use approach consistent with BUZZ HPC's broader sustainability strategy.Community First Approach: Focused on responsible development, local economic participation and long-term alignment with national priorities.Frank Holmes, Executive Chairman of HIVE and BUZZ:"AI is the new industrial base and compute is the factory floor. Canada produced the Godfathers of deep learning but kept renting the factories. That era is over. Between Toronto and Waterloo, BUZZ is building the sovereign AI infrastructure that turns Canadian intelligence into Canadian dominance. At full build-out, this intelligence factory will deploy over 100,000 GPUs, creating one of North America's largest domestically controlled AI clusters. Low-latency inference, AI agents, financial platforms, healthcare breakthroughs, scientific discovery, and national priority workloads will finally run on Canadian iron, under Canadian control. Our vision is to build AI infrastructure that will serve humanity, with the potential to improve quality of life for millions of Canadians."Aydin Kilic, President & CEO of HIVE Digital Technologies:"We have been strategically land-banking by regional substations, and we are very pleased to announce this expansion. HIVE now has over 850 MW of power globally; this includes our 450 MW of operating data centers plus a pipeline of 400 MW of capacity, which we expect to bring online in 2027. Globally diversified growth, this includes our 100 MW of operating data centers in Canada, now with a pipeline of 320 MW for 2027. BUZZ has done a phenomenal job expanding our footprint in Canada. With 5,500 GPUs online today doing AI compute, along with our 70 MW New Brunswick Grand Falls site, and now our 320 MW GTA site, we have the land and power to develop a pipeline of infrastructure to support approximately 130,000 GPUs. This puts HIVE and BUZZ at a global scale, with the largest AI native clouds."Craig Tavares, President & COO of BUZZ HPC:"This investment is nationally important to Canada's efforts to build the infrastructure required for the next generation of AI innovation. Compute is the new engine of the AI economy. If Canada wants to lead in AI, we need to build the factories that produce intelligence here at home. Canada has the clean energy, network connectivity and research ecosystem to lead AI innovation around the world. BUZZ is building the infrastructure layer that turns Canada's AI ambition into reality. This gigafactory is the engine Canada needs to lead the intelligence economy. This facility anchors BUZZ's national AI platform spanning British Columbia, Manitoba, Ontario, Quebec, and New Brunswick. It is being built as a fully vertically integrated, Canadian-governed supercomputing platform for the age of inference and enterprise AI. Being a Greater Toronto Area resident, it is an honor to build Canada's first AI gigafactory in our community. I believe the jobs and economic development this project will offer, will provide tremendous value to the community."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078About BUZZBUZZ High Performance Computing ("BUZZ"), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSX: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters in vertically integrated data centres. Proudly Canadian, BUZZ is building sovereign AI factories while operating across 9 time zones and 3 continents. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads.Headquartered in Canada with a global reach, BUZZ is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its AI Factories are powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) below 1.3, hosting thousands of industrial-grade GPUs across North America, South America, and Europe used for AI model training, fine-tuning, and inference.Through its Green GPU initiative, BUZZ combines AI innovation with sustainability, offering localized expertise and global infrastructure.Learn more at buzzhpc.ai.For further information, please contact:Craig Tavares, BUZZ President and COOTel: (604) 664-1078Neither the TSX, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.Forward-Looking InformationForward-looking information is based on current management expectations, estimates, and assumptions, including that infrastructure will be deployed on expected timelines and within budget, that demand for AI computing will continue to grow, and that the Company will be able to execute on its Canadian AI infrastructure growth strategy. Known and unknown risks - including changes to deployment timelines, cost overruns, lower-than-anticipated demand, GPU procurement or network buildout delays, and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ and EDGAR - may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise such information except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297771 Original: HIVE's BUZZ HPC Announces 320 MW Sovereign AI Infrastructure in Greater Toronto Area
CA Market News
4 weeks ago
RETRANSMISSION: HIVE's BUZZ Starts Building A Digital Superhighway for Eastern Canada's First Sovereign AI FactoryMay 8, 2026 6:00 AM
NewsfilePrivate high-capacity wavelength services to Grand Falls - the connectivity moat that separates a powered campus from a sovereign AI factoryVancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE"), through its wholly owned subsidiary BUZZ High Performance Computing ("BUZZ"), today announced it has contracted a new fibre optic network overbuild and upgrade of the carrier transport network at its Grand Falls Data Centre in New Brunswick. This is a critical infrastructure step to advance the HIVE New Brunswick campus to a Tier III HPC enabled data center. The estimated capital commitment from HIVE will be approximately $3.1 million over 5 years (all amounts in US dollars, unless otherwise indicated). Proceeds from HIVE's recent $115 million 0% exchangeable note issuance are being deployed towards reaching the Company's growth targets in GPU AI and Tier III HPC data center growth. The conversion of the New Brunswick is amongst the Company's targets this year, and this new fiber optic network marks an advancement in this goal.Grand Falls is already energized at 70 MW gross load, with buildings and core electrical infrastructure in place. BUZZ is converting the site into a 50 MW Tier III+ AI factory designed for enterprise, government, and sovereign AI workloads.To move intelligence at scale, Canada needs specialized optical fibre, and HIVE's BUZZ is partnered with Canada's largest carrier1 to build this in New Brunswick.In partnership with a Canadian carrier, BUZZ is upgrading Grand Falls with dedicated high-capacity optical wavelength services, including multiple 100 Gbps and 400 Gbps connections. Delivery is expected to begin in Q3 2026. The Canadian carrier will have substantial capital expenditures beyond HIVE's capital commitment, to complete the installation of these high-speed fiber connections."AI is the new industrial race," said Frank Holmes, Executive Chairman of HIVE and BUZZ. "Countries that build sovereign AI factories will raise their productivity and security through data sovereignty, ensuring data doesn't leave the countries borders, providing those nations greater data IQ. Countries that do not have their own sovereign AI infrastructure will depend on foreign infrastructure and thus rent intelligence from others."Mr. Holmes added: "The fibre overbuild is the superhighway that moves that intelligence to customers. Power plus fibre plus GPUs equals an AI factory. New Brunswick has the chance to become one of Canada's most important AI infrastructure hubs. We are flourishing in the AI token economy, and our vision is to consume electrons and export tokens. The vision is to turn Canadian power into Canadian AI tokens of intelligence."Aydin Kilic, President and CEO of HIVE, said: "Connectivity is a prerequisite of AI factory development. Power alone does not make a sovereign AI facility; the network that carries compute to customers is equally critical. By securing exclusive dedicated network capacity at Grand Falls, we are creating the infrastructure to service enterprise and sovereign AI customers with the redundancy and throughput the AI market demands. As our GPU AI cloud offering doubles in size this year from 5,500 GPUs to 11,000 GPUs, we are excited to expand our HPC colocation business as well by bringing 50 MW of Tier III HPC data center capacity online, to accelerate the growth of BUZZ."2Craig Tavares, President and COO of BUZZ, said: "Grand Falls is being built for the sovereign AI strategy that Canada needs: Canadian-owned, Canadian-operated, secure, scalable, and designed for sensitive workloads on Canadian soil. With 70 MW of powered infrastructure, a 32-acre expansion path, Tier III design underway, and dedicated optical fibre capacity, BUZZ is preparing to bring one of Canada's largest sovereign AI campuses to market."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier I and Tier III data centres across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine — infrastructure driven by hashrate services and GPU-accelerated AI computing — delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive ChairmanFor further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078About BUZZBUZZ High Performance Computing ("BUZZ"), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters in vertically integrated data centres. Proudly Canadian, BUZZ is building sovereign AI factories while operating across 9 time zones and 3 continents. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads.Headquartered in Canada with a global reach, BUZZ is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its AI Factories are powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) below 1.3, hosting thousands of industrial-grade GPUs across North America, South America, and Europe used for AI model training, fine-tuning, and inference.Through its Green GPU initiative, BUZZ combines AI innovation with sustainability, offering localized expertise and global infrastructure.Learn more at buzzhpc.ai
For further information, please contact:
Craig Tavares, BUZZ President and COO
Tel: (604) 664-1078Forward-Looking InformationExcept for statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding: the development of the Grand Falls Data Centre as a sovereign AI facility; the fibre optic network overbuild and carrier transport network upgrade; anticipated delivery of multiple 100 Gbps and 400 Gbps wavelength services starting Q3 2026; the exclusive dedicated wavelength capacity arrangement with Bell Canada; air-gapped deployment capability; the potential to attract federal, sovereign, and allied government customers; anticipated demand in connection with Canada's northern defence and NORAD modernization commitments; the modular and sequenced buildout approach; revenue growth targets; and related future-oriented statements.Forward-looking information is based on current management expectations, estimates, and assumptions, including that infrastructure will be deployed on expected timelines and within budget, that demand for AI computing will continue to grow, and that the Company will be able to execute on its Canadian AI infrastructure growth strategy. Known and unknown risks — including changes to deployment timelines, cost overruns, lower-than-anticipated demand, GPU procurement or network buildout delays, and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ and EDGAR — may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise such information except as required by law.Supplemental Materials and Upcoming CommunicationsFor important news and information, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, https://www.hivedigitaltechnologies.com/investors/, and its social media accounts. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FDNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.1 https://www.hivedigitaltechnologies.com/news/buzz-high-performance-computing-partners-with-bell-canada-to-deliver-advanced-sovereign-nvidia-ai-infrastructure-for-canada/
2 https://www.hivedigitaltechnologies.com/news/hives-buzz-hpc-expands-data-center-footprint-into-british-columbia-with-4-times-growth-in-liquid-cooled-ai-data-center-capacity/ To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296614 Original: RETRANSMISSION: HIVE's BUZZ Starts Building A Digital Superhighway for Eastern Canada's First Sovereign AI Factory
US Market News
4 weeks ago
HIVE's BUZZ Starts Building A Digital Superhighway for Eastern Canada's First Sovereign AI FactoryMay 8, 2026 1:00 AM
NewsfilePrivate high-capacity wavelength services to Grand Falls - the connectivity moat that separates a powered campus from a sovereign AI factoryVancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE"), through its wholly owned subsidiary BUZZ High Performance Computing ("BUZZ"), today announced it has contracted a new fibre optic network overbuild and upgrade of the carrier transport network at its Grand Falls Data Centre in New Brunswick. This is a critical infrastructure step to advance the HIVE New Brunswick campus to a Tier III HPC enabled data center. The estimated capital commitment from HIVE will be approximately $3.1 million over 5 years (all amounts in US dollars, unless otherwise indicated). Proceeds from HIVE's recent $115 million 0% exchangeable note issuance are being deployed towards reaching the Company's growth targets in GPU AI and Tier III HPC data center growth. The conversion of the New Brunswick is amongst the Company's targets this year, and this new fiber optic network marks an advancement in this goal.Grand Falls is already energized at 70 MW gross load, with buildings and core electrical infrastructure in place. BUZZ is converting the site into a 50 MW Tier III+ AI factory designed for enterprise, government, and sovereign AI workloads.To move intelligence at scale, Canada needs specialized optical fibre, and HIVE's BUZZ is partnered with Canada's largest carrier1 to build this in New Brunswick.In partnership with a Canadian carrier, BUZZ is upgrading Grand Falls with dedicated high-capacity optical wavelength services, including multiple 100 Gbps and 400 Gbps connections. Delivery is expected to begin in Q3 2026. The Canadian carrier will have substantial capital expenditures beyond HIVE's capital commitment, to complete the installation of these high-speed fiber connections."AI is the new industrial race," said Frank Holmes, Executive Chairman of HIVE and BUZZ. "Countries that build sovereign AI factories will raise their productivity and security through data sovereignty, ensuring data doesn't leave the countries borders, providing those nations greater data IQ. Countries that do not have their own sovereign AI infrastructure will depend on foreign infrastructure and thus rent intelligence from others."Mr. Holmes added: "The fibre overbuild is the superhighway that moves that intelligence to customers. Power plus fibre plus GPUs equals an AI factory. New Brunswick has the chance to become one of Canada's most important AI infrastructure hubs. We are flourishing in the AI token economy, and our vision is to consume electrons and export tokens. The vision is to turn Canadian power into Canadian AI tokens of intelligence."Aydin Kilic, President and CEO of HIVE, said: "Connectivity is a prerequisite of AI factory development. Power alone does not make a sovereign AI facility; the network that carries compute to customers is equally critical. By securing exclusive dedicated network capacity at Grand Falls, we are creating the infrastructure to service enterprise and sovereign AI customers with the redundancy and throughput the AI market demands. As our GPU AI cloud offering doubles in size this year from 5,500 GPUs to 11,000 GPUs, we are excited to expand our HPC colocation business as well by bringing 50 MW of Tier III HPC data center capacity online, to accelerate the growth of BUZZ."2Craig Tavares, President and COO of BUZZ, said: "Grand Falls is being built for the sovereign AI strategy that Canada needs: Canadian-owned, Canadian-operated, secure, scalable, and designed for sensitive workloads on Canadian soil. With 70 MW of powered infrastructure, a 32-acre expansion path, Tier III design underway, and dedicated optical fibre capacity, BUZZ is preparing to bring one of Canada's largest sovereign AI campuses to market."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier I and Tier III data centres across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine — infrastructure driven by hashrate services and GPU-accelerated AI computing — delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive ChairmanFor further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078About BUZZBUZZ High Performance Computing ("BUZZ"), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters in vertically integrated data centres. Proudly Canadian, BUZZ is building sovereign AI factories while operating across 9 time zones and 3 continents. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads.Headquartered in Canada with a global reach, BUZZ is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its AI Factories are powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) below 1.3, hosting thousands of industrial-grade GPUs across North America, South America, and Europe used for AI model training, fine-tuning, and inference.Through its Green GPU initiative, BUZZ combines AI innovation with sustainability, offering localized expertise and global infrastructure.Learn more at buzzhpc.ai
For further information, please contact:
Craig Tavares, BUZZ President and COO
Tel: (604) 664-1078Forward-Looking InformationExcept for statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding: the development of the Grand Falls Data Centre as a sovereign AI facility; the fibre optic network overbuild and carrier transport network upgrade; anticipated delivery of multiple 100 Gbps and 400 Gbps wavelength services starting Q3 2026; the exclusive dedicated wavelength capacity arrangement with Bell Canada; air-gapped deployment capability; the potential to attract federal, sovereign, and allied government customers; anticipated demand in connection with Canada's northern defence and NORAD modernization commitments; the modular and sequenced buildout approach; revenue growth targets; and related future-oriented statements.Forward-looking information is based on current management expectations, estimates, and assumptions, including that infrastructure will be deployed on expected timelines and within budget, that demand for AI computing will continue to grow, and that the Company will be able to execute on its Canadian AI infrastructure growth strategy. Known and unknown risks — including changes to deployment timelines, cost overruns, lower-than-anticipated demand, GPU procurement or network buildout delays, and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ and EDGAR — may cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise such information except as required by law.Supplemental Materials and Upcoming CommunicationsFor important news and information, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, https://www.hivedigitaltechnologies.com/investors/, and its social media accounts. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FDNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.1 https://www.hivedigitaltechnologies.com/news/buzz-high-performance-computing-partners-with-bell-canada-to-deliver-advanced-sovereign-nvidia-ai-infrastructure-for-canada/ 2 https://www.hivedigitaltechnologies.com/news/hives-buzz-hpc-expands-data-center-footprint-into-british-columbia-with-4-times-growth-in-liquid-cooled-ai-data-center-capacity/ To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296613 Original: HIVE's BUZZ Starts Building A Digital Superhighway for Eastern Canada's First Sovereign AI Factory
US Market News
1 month ago
HIVE Digital Announces Closing of Private Offering of US$115 Million of 0% Exchangeable Senior Notes Due 2031April 21, 2026 7:47 PM
NewsfileThis 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. - April 21, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) (the "Company" or "HIVE"), today announced that HIVE Bermuda 2026 Ltd., its wholly-owned subsidiary (the "Issuer") has closed its private offering (the "Offering") of US$115 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Offering included the exercise in full of the initial purchasers' option to purchase an additional US$15 million aggregate principal amount of Notes (the "Option").Frank Holmes, Executive Chairman of HIVE stated, "We are very pleased with the outcome of this offering. We believe the results are outstanding, as the strong demand for this offering led to an upsized deal while maintaining a 0% coupon and the strong conversion premium of 125% with the capped call."Aydin Kilic, President & CEO of HIVE added, "These exchangeable senior notes bring a new class of institutional investors to HIVE, and we welcome the additional liquidity. We believe zero-interest rate debt signals the confidence investors have in our ability to drive the value of HIVE shares to realize the exchangeable premium of these notes. This minimizes dilution while positioning HIVE with a low cost of capital to realize its 2026 growth targets for AI infrastructure."The Notes will mature on April 15, 2031, unless earlier repurchased, redeemed or exchanged. Prior to January 15, 2031, the Notes will be exchangeable only upon satisfaction of certain conditions and during certain periods, and thereafter, the Notes will be exchangeable at the option of holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Issuer may settle exchanges of the Notes in cash, common shares ("Common Shares") of HIVE or a combination of cash and Common Shares, at its election. The initial exchange rate for the Notes is 389.5029 Common Shares per US$1,000 principal amount of Notes, equivalent to an initial exchange price of approximately US$2.57 per Common Share (approximately 17.5% premium to the last reported sale price of US$2.185 per Common Share on the Nasdaq on April 16, 2026). The Issuer will have the right to redeem the Notes in certain circumstances and will be required to offer to repurchase the Notes upon the occurrence of certain events.The Issuer estimates that the net proceeds from the Offering will be approximately US$109.5 million in net proceeds to HIVE, after deducting commissions and estimated offering expenses, but before deducting the cost of the capped call transactions. The Issuer intends to use the net proceeds from the Offering to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which in turn will use such proceeds for general corporate purposes, capital investment (including, but not limited to, the purchase of graphics processing units) and data center development. HIVE intends to fund approximately US$19.8 million for capped call transactions (as described below) using cash on hand, and the Issuer may use a portion of the net proceeds to reimburse HIVE for the cost of the capped call transactions.In connection with the Offering, the Company entered into privately negotiated cash-settled capped call transactions with certain financial institutions. The cap price of the capped call transactions is initially US$4.92 per Common Share, which represents a premium of 125% to the last reported sale price of US$2.185 per Common Share on the Nasdaq on April 16, 2026, and will be subject to customary anti-dilution adjustments under the terms of the capped call transactions.The Company has applied for and received conditional approval from the Toronto Stock Exchange (the "TSX") to list its Common Shares. Listing is subject to the Company fulfilling all of the requirements of the TSX on or before June 30, 2026, including distribution of the Common Shares to a minimum number of public shareholders. It is expected that the Common Shares will cease trading on the TSX Venture Exchange (the "TSXV") and commence trading on the TSX on or around April 30, 2026. As a condition to the approval of the Offering, while the Company remains listed on the TSXV, the Offering is being conducted in accordance with the rules of the TSX. The Company is relying on the exemption under Section 602.1 of the TSX's Company Manual (the "TSX Manual") available to Eligible Interlisted Issuers (as defined in the TSX Manual) in respect of the Offering. None of the Notes, the guarantee or the Common Shares issuable upon exchange of the Notes, if any, have been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.On behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078Neither the Toronto Stock Exchange, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking InformationThis release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements with respect to the use of proceeds from the Offering, business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the Company and the terms of the transaction described herein.Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the risk that the Offering may not be completed on the terms described herein or at all, the effect of government regulation and compliance on the Company, reliance on key personnel, global economic and financial market deterioration impeding access to capital or increasing the cost of capital, potential dilution resulting from the exchange of the Notes, and the other risks that are more fully set out in the Company's Annual Report on Form 40-F for the year ended March 31, 2025, the Company's Annual Information Form for the year ended March 31, 2025 and in other Company reports and documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293723
Original: HIVE Digital Announces Closing of Private Offering of US$115 Million of 0% Exchangeable Senior Notes Due 2031
US Market News
2 months ago
HIVE Digital Announces Upsizing and Pricing of Private Offering of US$100 Million of 0% Exchangeable Senior Notes Due 2031April 16, 2026 9:46 PM
NewsfileThis 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. - April 16, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure and AI compute, today announced the pricing of US$100 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the "Notes") in a private offering (the "Offering") by HIVE Bermuda 2026 Ltd., its wholly-owned subsidiary (the "Issuer"), to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the Notes to be issued in the Offering was increased to US$100 million from the previously announced US$75 million. The Issuer also granted the initial purchasers of the Notes an option, exercisable within a period of 13 days from and including the date the Notes are first issued, to purchase up to an additional US$15 million aggregate principal amount of Notes (the "Option"). The sale of the Notes is expected to close on April 21, 2026, subject to customary closing conditions.The Notes will be general unsecured obligations of the Issuer. The Issuer's obligations under the Notes will be fully and unconditionally guaranteed on a senior unsecured basis by HIVE. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete. The Notes will mature on April 15, 2031, unless earlier exchanged, redeemed or repurchased. Prior to January 15, 2031, the Notes will be exchangeable only upon satisfaction of certain conditions and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Issuer will settle exchanges by paying or delivering, as the case may be, cash, common shares of HIVE ("Common Shares") or a combination of cash and Common Shares, at the Issuer's election. The initial exchange rate will be 389.5029 Common Shares per US$1,000 principal amount of Notes (equivalent to an initial exchange price of approximately US$2.57 per Common Share, which represents a premium of approximately 17.5% above the closing sale price per Common Share on the Nasdaq Capital Market ("Nasdaq") on April 16, 2026), subject to adjustment in some events. The Issuer may only redeem the Notes prior to April 20, 2029 at its option, in whole but not in part, upon the occurrence of certain tax-related events. The Issuer also may redeem the Notes at its option on or after April 20, 2029 in whole or in part if the last reported sale price of the Common Shares has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Issuer provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest (if any) to, but excluding, the redemption date. Holders of the Notes may require the Issuer to repurchase for cash all or any portion of their Notes on April 15, 2029, at a cash repurchase price equal to the principal amount of the Notes to be repurchased. If HIVE undergoes a "fundamental change," subject to certain conditions and limited exceptions, holders of the Notes may require the Issuer to repurchase for cash all or any portion of their Notes at a repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest (if any) to, but excluding, the fundamental change repurchase date. In addition, following certain corporate events that occur prior to the maturity date of the Notes or upon the Issuer's issuance of a notice of redemption, the Issuer will, in certain circumstances, increase the exchange rate for holders of the Notes who elect to exchange their Notes in connection with such a corporate event or exchange their Notes called (or deemed called) for redemption during the related redemption period, as the case may be.The Issuer estimates that the net proceeds from the Offering will be approximately US$95 million (or approximately US$109.5 million if the initial purchasers exercise the Option in full), after deducting the initial purchasers' estimated discounts and commissions and estimated offering expenses payable by the Issuer. The Issuer intends to use the net proceeds from the Offering to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which in turn will use such proceeds for general corporate purposes, capital investment (including, but not limited to, the purchase of graphics processing units) and data center development. HIVE intends to fund approximately US$17.2 million for capped call transactions (as described below) using cash on hand, and the Issuer may use a portion of the net proceeds to reimburse HIVE for the cost of the capped call transactions. If the initial purchasers exercise the Option, the Issuer expects to use the net proceeds from the sale of the additional Notes: (i) to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which in turn will use such proceeds for general corporate purposes, capital investment (as described above) and data center development and (ii) to reimburse HIVE for the cost of entering into additional capped call transactions, as described below.In connection with the Offering, the Company entered into privately negotiated cash-settled capped call transactions with certain financial institutions (collectively, the "option counterparties"). The cap price of the capped call transactions is initially US$4.92 per Common Share, which represents a premium of approximately 125.0% to the last reported sale price of US$2.185 per Common Share on the Nasdaq on April 16, 2026. The capped call transactions will be subject to anti-dilution adjustments substantially similar to those applicable to the Notes. The capped call transactions are expected generally to reduce potential economic dilution of the Common Shares upon exchange of any Notes and/or offset any cash payments the Company could be required to make in excess of the principal amount of exchanged Notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise the Option, the Company expects to enter into additional capped call transactions with the option counterparties.In connection with establishing their initial hedges of the capped call transactions, the Company expects the option counterparties or their respective affiliates to purchase Common Shares and/or enter into various derivative transactions with respect to the Common Shares concurrently with or shortly after the pricing of the Notes, and such option counterparties or their respective affiliates may unwind these various derivative transactions and/or sell Common Shares in open market transactions. This activity could increase (or reduce the size of any decrease in) the market price of the Common Shares or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Common Shares and/or purchasing or selling Common Shares or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to an exchange of the Notes). This activity could also cause or avoid an increase or decrease in the market price of the Common Shares or the Notes, which could affect holders of the Notes' ability to exchange the Notes and, to the extent the activity occurs during any observation period related to an exchange of the Notes, it could affect the amount and value of the consideration that holders of the Notes will receive upon exchange of such Notes.The Company has applied for and received conditional approval from the Toronto Stock Exchange (the "TSX") to list its Common Shares. Listing is subject to the Company fulfilling all of the requirements of the TSX on or before June 30, 2026, including distribution of the Common Shares to a minimum number of public shareholders. It is expected that the Common Shares will cease trading on the TSX Venture Exchange (the "TSXV") and commence trading on the TSX on or around April 30, 2026. As a condition to the approval of the Offering, while the Company remains listed on the TSXV, the Offering is being conducted in accordance with the rules of the TSX. The Company is relying on the exemption under Section 602.1 of the TSX's Company Manual (the "TSX Manual") available to Eligible Interlisted Issuers (as defined in the TSX Manual) in respect of the Offering.None of the Notes, the guarantee or the Common Shares issuable upon exchange of the Notes, if any, have been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the Toronto Stock Exchange nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking InformationThis release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements with respect to the closing of the Offering, the potential issuance of additional Notes pursuant to the Option, the use of proceeds from the Offering (including the payment of costs associated with the capped call transactions), business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the Company and the terms of the transaction described herein.Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the risk that the Offering may not be completed on the terms described herein or at all, the effect of government regulation and compliance on the Company, reliance on key personnel, global economic and financial market deterioration impeding access to capital or increasing the cost of capital, potential dilution resulting from the exchange of the Notes, and the other risks that are more fully set out in the Company's Annual Report on Form 40-F for the year ended March 31, 2025, the Company's Annual Information Form for the year ended March 31, 2025 and in other Company reports and documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293055
Original: HIVE Digital Announces Upsizing and Pricing of Private Offering of US$100 Million of 0% Exchangeable Senior Notes Due 2031
CA Market News
2 months ago
HIVE Digital Announces Private Offering of US$75 Million of Exchangeable Senior Notes due 2031April 15, 2026 4:31 PM
NewsfileThis 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. - April 15, 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 HIVE Bermuda 2026 Ltd., its wholly-owned subsidiary (the "Issuer"), intends to offer, subject to market conditions and other factors, US$75 million aggregate principal amount of 0% exchangeable senior notes due 2031 (the "Notes") in a private offering (the "Offering") to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Issuer also expects to grant the initial purchasers of the Notes an option, exercisable within a period of 13 days from and including the date the Notes are first issued, to purchase up to an additional US$15 million aggregate principal amount of Notes (the "Option").The Notes will be exchangeable under certain conditions. The Issuer will settle exchanges by paying or delivering, as the case may be, cash, common shares of HIVE ("Common Shares") or a combination of cash and Common Shares, at the Issuer's election. The initial exchange rate and other terms of the Notes will be determined at the time of pricing of the Offering. The Notes will not bear regular interest, and the principal amount of the Notes will not accrete.The Notes will be general unsecured obligations of the Issuer. The Issuer's obligations under the Notes will be fully and unconditionally guaranteed on a senior unsecured basis by HIVE.The Issuer intends to use the net proceeds from the Offering to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which in turn will use such proceeds for general corporate purposes, capital investment (including, but not limited to, the purchase of graphics processing units) and data center development. HIVE intends to fund capped call transactions (as described below) using cash on hand, and the Issuer may use a portion of the net proceeds to reimburse HIVE for the cost of the capped call transactions. If the initial purchasers exercise the Option, the Issuer expects to use the net proceeds from the sale of the additional Notes: (i) to subscribe for shares of one or more of HIVE's direct or indirect subsidiaries, which in turn will use such proceeds for general corporate purposes, capital investment (as described above) and data center development and (ii) to reimburse HIVE for the cost of entering into additional capped call transactions, as described below.In connection with the Offering, the Company expects to enter into privately negotiated cash-settled capped call transactions with one or more financial institutions (collectively, the "option counterparties"). The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, the number of Common Shares that will initially underlie the Notes, assuming the initial purchasers do not exercise the Option. The capped call transactions are expected generally to reduce potential economic dilution of the Common Shares upon exchange of any Notes and/or offset any cash payments the Company could be required to make in excess of the principal amount of exchanged Notes, as the case may be, with such reduction and/or offset subject to a cap. If the initial purchasers exercise the Option, the Company expects to enter into additional capped call transactions with the option counterparties.In connection with establishing their initial hedges of the capped call transactions, the Company expects the option counterparties or their respective affiliates to purchase Common Shares and/or enter into various derivative transactions with respect to the Common Shares concurrently with or shortly after the pricing of the Notes, and such option counterparties or their respective affiliates may unwind these various derivative transactions and/or sell Common Shares in open market transactions. This activity could increase (or reduce the size of any decrease in) the market price of the Common Shares or the Notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Common Shares and/or purchasing or selling Common Shares or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so during any observation period related to an exchange of the Notes). This activity could also cause or avoid an increase or decrease in the market price of the Common Shares or the Notes, which could affect holders of the Notes' ability to exchange the Notes and, to the extent the activity occurs during any observation period related to an exchange of the Notes, it could affect the amount and value of the consideration that holders of the Notes will receive upon exchange of such Notes.The Company also announces that it has applied for and received conditional approval from the Toronto Stock Exchange (the "TSX") to list its Common Shares. Listing is subject to the Company fulfilling all of the requirements of the TSX on or before June 30, 2026, including distribution of the Common Shares to a minimum number of public shareholders. It is expected that the Common Shares will cease trading on the TSX Venture Exchange (the "TSXV") and commence trading on the TSX on or around April 30, 2026. As a condition to the approval of the Offering, while the Company remains listed on the TSXV, the Offering shall be conducted in accordance with the rules of the TSX. The Company is relying on the exemption under Section 602.1 of the TSX's Company Manual (the "TSX Manual") available to Eligible Interlisted Issuers (as defined in the TSX Manual) in respect of the Offering.None of the Notes, the guarantee or the Common Shares issuable upon exchange of the Notes, if any, have been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the Toronto Stock Exchange nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Information This release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements with respect to the proposed Offering, the potential issuance of additional Notes pursuant to the Option, the use of proceeds from the Offering (including the payment of costs associated with the capped call transactions), the anticipated terms of the Notes, the entering into of capped call transactions, business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the Company and the terms of the transaction described herein.Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the risk that the Offering may not be completed on the terms described herein or at all, the effect of government regulation and compliance on the Company, reliance on key personnel, global economic and financial market deterioration impeding access to capital or increasing the cost of capital, potential dilution resulting from the exchange of the Notes, and the other risks that are more fully set out in the Company's Annual Report on Form 40-F for the year ended March 31, 2025, the Company's Annual Information Form for the year ended March 31, 2025 and in other Company reports and documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292755
Original: HIVE Digital Announces Private Offering of US$75 Million of Exchangeable Senior Notes due 2031
CA Market News
3 months ago
RETRANSMISSION: HIVE Digital Technologies Reaches AI Cloud Milestone in Paraguay, Powers Columbia University LLM Research from New York to AsunciónMarch 18, 2026 6:00 AM
NewsfileThis 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 now operational with live GPU compute nodes serving workloads on the platform by an academic research team from Columbia University in New York.The Asunción deployment is the first GPU cluster to go live under HIVE's phased strategy to layer AI and high-performance computing ("HPC") infrastructure onto its existing renewable energy footprint in Paraguay. The cluster is hosted within a Tier-III data center operated by Paraguay's largest telecommunications provider and is purpose-built to handle AI model training, inference, and computationally intensive research workloads. HIVE expects to use the results of the cluster to establish the proof of concept for AI compute between New York and Asuncion. From this proof-of-concept, the Company expects to build future Tier III data center capacity in Yguazú, with infrastructure upgrades required to provide high-availability, low-latency GPU AI cloud compute from Paraguay. Paraguay's hydroelectric generation capacity and the telecom partner's nationwide fiber backbone provide the energy and connectivity foundation to support that growth. As regional South American institutional and commercial demand for HPC and AI Cloud develops, the pace and scale of the Company's Tier III expansion in Paraguay will be guided by customer adoption and the Company's capital position.Columbia University Research Team Goes Live on BUZZ CloudThe Columbia University team is using BUZZ Cloud GPU infrastructure to conduct research focused on large language model ("LLM") pre-training, including end-to-end training of foundation models. The research team's use of BUZZ Cloud infrastructure is a non-commercial research engagement intended to generate performance data that will inform the Company's roadmap for scaling commercial HPC capacity in Paraguay. The team is developing optimization algorithms that improve model quality while reducing computational and memory costs, evaluating their methods using standard training metrics such as loss and perplexity, as well as downstream benchmarks.Their work begins with small- to medium-scale models (0.2B to 2B parameters, including GPT-2-class and LLaMA-style architectures) and is scaling to larger models (8B+ parameters) using multi-GPU distributed training frameworks. The team's recent focus includes improving and understanding Muon and MuonClip, the latter of which has been used in training industry-level LLMs such as Kimi K2. In early experiments, Muon has shown roughly 1.3x greater efficiency1 than standard baselines by exploiting the structure of model weights. The team's LLM reasoning research was recently accepted for publication by Transactions on Machine Learning Research ("TMLR"), a peer-reviewed journal hosted by the Journal of Machine Learning Research ("JMLR"). Having the Columbia University research team run active LLM training jobs from New York on GPU infrastructure in Asunción provides HIVE with real-world performance data across latency, throughput, and workload management. The Company intends to use these findings to shape its roadmap for scaling HPC capacity in Paraguay, with initial deployment targets through 2027.Paraguay: The Western Hemisphere's Next Potential AI Infrastructure FrontierParaguay's President Santiago Peña earned his Master's degree in Public Administration from Columbia's School of International and Public Affairs ("SIPA") in 2003, creating a notable link between the institution whose researchers are now training LLMs on BUZZ Cloud and the nation whose clean energy powers it.Management believes large-scale AI compute requires two resources Paraguay can deliver in abundance: reliable, low-cost electricity and fiber connectivity with the bandwidth and security to move data across long distances without degradation. HIVE's existing 300-megawatt ("MW") renewable power base, sourced from hydroelectric generation, combined with the telecom partner's enterprise-grade network infrastructure, creates a platform that can serve demanding workloads originating outside Paraguay's borders, including from North American institutional clients.Paraguay's economy has posted strong growth in recent quarters, backed by stable governance and a policy environment that has welcomed foreign infrastructure investment. HIVE believes those conditions, paired with the country's distinctive energy profile and expanding digital connectivity, position the country to play a growing role in South America's AI and high-performance computing future.Strategic Outlook from HIVE LeadershipFrank Holmes, Executive Chairman of HIVE, stated, "HIVE has 300 MW of renewable hydroelectric power operational in Paraguay, with another 100 MW in development. Before scaling an AI factory, it's prudent to beta test. This deployment marks our first live GPU compute workload in Asuncion and provides the real-world performance data we need to guide our Tier-III expansion roadmap. We started in Paraguay with Bitcoin mining. Layering AI and HPC infrastructure onto that existing energy base is the next phase, and this cluster is the first step in validating that approach."Aydin Kilic, President and CEO of HIVE, added, "We are taking a meaningful and impactful approach to developing a solution to being a leader of GPU AI compute and HPC in South America. Having a research team from Columbia University running LLM training workloads on HIVE's BUZZ Cloud infrastructure in Asunción is a powerful validation of what we are building. We will use this data to validate our proof of concept for GPU Cloud AI compute from New York to Asunción and to build our roadmap for large-scale HPC capacity in Paraguay by 2027."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the performance of the BUZZ AI Cloud platform in Asunción, Paraguay; the ability to replicate and scale this performance; the benefits and advantages of power supply and Internet connectivity in Paraguay, the reorientation of the Swedish facilities to HPC standards; the expected deployment, timing, capacity, and expansion of BUZZ HPC's GPU-accelerated infrastructure in general; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the benefits of the operations in Paraguay can be replicated and scaled, infrastructure will be deployed on the expected timelines and within budget across all sites, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca. Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to the following risks: deployment timelines may change; costs may exceed expectations; performance expectations may not be achieved; demand for AI infrastructure may be lower than anticipated; partnerships or regulatory approvals may not materialize as expected; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law. 1 Claim of efficiency relates to research methodsTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288946
Original: RETRANSMISSION: HIVE Digital Technologies Reaches AI Cloud Milestone in Paraguay, Powers Columbia University LLM Research from New York to Asunción
CA Market News
3 months ago
HIVE Digital Technologies Reaches AI Cloud Milestone in Paraguay, Powers Columbia University LLM Research from New York to AsunciónMarch 18, 2026 1:00 AM
NewsfileThis 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 now operational with live GPU compute nodes serving workloads on the platform by an academic research team from Columbia University in New York.The Asunción deployment is the first GPU cluster to go live under HIVE's phased strategy to layer AI and high-performance computing ("HPC") infrastructure onto its existing renewable energy footprint in Paraguay. The cluster is hosted within a Tier-III data center operated by Paraguay's largest telecommunications provider and is purpose-built to handle AI model training, inference, and computationally intensive research workloads. HIVE expects to use the results of the cluster to establish the proof of concept for AI compute between New York and Asuncion. From this proof-of-concept, the Company expects to build future Tier III data center capacity in Yguazú, with infrastructure upgrades required to provide high-availability, low-latency GPU AI cloud compute from Paraguay. Paraguay's hydroelectric generation capacity and the telecom partner's nationwide fiber backbone provide the energy and connectivity foundation to support that growth. As regional South American institutional and commercial demand for HPC and AI Cloud develops, the pace and scale of the Company's Tier III expansion in Paraguay will be guided by customer adoption and the Company's capital position.Columbia University Research Team Goes Live on BUZZ CloudThe Columbia University team is using BUZZ Cloud GPU infrastructure to conduct research focused on large language model ("LLM") pre-training, including end-to-end training of foundation models. The research team's use of BUZZ Cloud infrastructure is a non-commercial research engagement intended to generate performance data that will inform the Company's roadmap for scaling commercial HPC capacity in Paraguay. The team is developing optimization algorithms that improve model quality while reducing computational and memory costs, evaluating their methods using standard training metrics such as loss and perplexity, as well as downstream benchmarks.Their work begins with small- to medium-scale models (0.2B to 2B parameters, including GPT-2-class and LLaMA-style architectures) and is scaling to larger models (8B+ parameters) using multi-GPU distributed training frameworks. The team's recent focus includes improving and understanding Muon and MuonClip, the latter of which has been used in training industry-level LLMs such as Kimi K2. In early experiments, Muon has shown roughly 1.3x greater efficiency1 than standard baselines by exploiting the structure of model weights. The team's LLM reasoning research was recently accepted for publication by Transactions on Machine Learning Research ("TMLR"), a peer-reviewed journal hosted by the Journal of Machine Learning Research ("JMLR"). Having the Columbia University research team run active LLM training jobs from New York on GPU infrastructure in Asunción provides HIVE with real-world performance data across latency, throughput, and workload management. The Company intends to use these findings to shape its roadmap for scaling HPC capacity in Paraguay, with initial deployment targets through 2027.Paraguay: The Western Hemisphere's Next Potential AI Infrastructure FrontierParaguay's President Santiago Peña earned his Master's degree in Public Administration from Columbia's School of International and Public Affairs ("SIPA") in 2003, creating a notable link between the institution whose researchers are now training LLMs on BUZZ Cloud and the nation whose clean energy powers it.Management believes large-scale AI compute requires two resources Paraguay can deliver in abundance: reliable, low-cost electricity and fiber connectivity with the bandwidth and security to move data across long distances without degradation. HIVE's existing 300-megawatt ("MW") renewable power base, sourced from hydroelectric generation, combined with the telecom partner's enterprise-grade network infrastructure, creates a platform that can serve demanding workloads originating outside Paraguay's borders, including from North American institutional clients.Paraguay's economy has posted strong growth in recent quarters, backed by stable governance and a policy environment that has welcomed foreign infrastructure investment. HIVE believes those conditions, paired with the country's distinctive energy profile and expanding digital connectivity, position the country to play a growing role in South America's AI and high-performance computing future.Strategic Outlook from HIVE LeadershipFrank Holmes, Executive Chairman of HIVE, stated, "HIVE has 300 MW of renewable hydroelectric power operational in Paraguay, with another 100 MW in development. Before scaling an AI factory, it's prudent to beta test. This deployment marks our first live GPU compute workload in Asuncion and provides the real-world performance data we need to guide our Tier-III expansion roadmap. We started in Paraguay with Bitcoin mining. Layering AI and HPC infrastructure onto that existing energy base is the next phase, and this cluster is the first step in validating that approach."Aydin Kilic, President and CEO of HIVE, added, "We are taking a meaningful and impactful approach to developing a solution to being a leader of GPU AI compute and HPC in South America. Having a research team from Columbia University running LLM training workloads on HIVE's BUZZ Cloud infrastructure in Asunción is a powerful validation of what we are building. We will use this data to validate our proof of concept for GPU Cloud AI compute from New York to Asunción and to build our roadmap for large-scale HPC capacity in Paraguay by 2027."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the performance of the BUZZ AI Cloud platform in Asunción, Paraguay; the ability to replicate and scale this performance; the benefits and advantages of power supply and Internet connectivity in Paraguay, the reorientation of the Swedish facilities to HPC standards; the expected deployment, timing, capacity, and expansion of BUZZ HPC's GPU-accelerated infrastructure in general; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the benefits of the operations in Paraguay can be replicated and scaled, infrastructure will be deployed on the expected timelines and within budget across all sites, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca. Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to the following risks: deployment timelines may change; costs may exceed expectations; performance expectations may not be achieved; demand for AI infrastructure may be lower than anticipated; partnerships or regulatory approvals may not materialize as expected; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law. 1 Claim of efficiency relates to research methodsTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288944
Original: HIVE Digital Technologies Reaches AI Cloud Milestone in Paraguay, Powers Columbia University LLM Research from New York to Asunción
US Market News
3 months ago
RETRANSMISSION: HIVE's BUZZ HPC Expands Data Center Footprint into British Columbia with 4 Times Growth in Liquid-Cooled AI Data Center CapacityMarch 16, 2026 6:00 AM
NewsfileThis 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 16, 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, through its wholly owned subsidiary BUZZ High Performance Computing ("BUZZ"), today announced a 4x expansion of its liquid-cooled AI data center capacity through its previously announced strategic data center partner in Canada, growing the existing 4 megawatts ("MW") in Manitoba to 16.6 MW of critical IT load across two Canadian provinces (all figures referenced herein are in critical IT load), expanding HIVE's BUZZ HPC Sovereign AI Compute offering in Canada (all amounts in US dollars, unless otherwise indicated).The expansion adds a new colocation facility in British Columbia, providing an immediate 5 MW of capacity with an option to scale an additional 7.6 MW. This new immediate capacity facilitates the deployment of upwards of 2,000 next-generation high-power density AI-optimized GPUs in British Columbia, complementing the capacity for approximately 2,000 GPUs in BUZZ's existing Manitoba facility. In total, the Company now has a near-term ramp to over 4,000 GPUs in Canada through its data center partnerships and its own sites, accelerating the Company's previously announced GPU AI cloud deployment targets for calendar 2026. 4 Times Growth in Sovereign AI Data Center Runway Across CanadaThe Company's AI colocation footprint with Bell Canada AI Fabric, its strategic data center partner, now spans two provinces in Western Canada:Manitoba: 4 MW of critical IT load. BUZZ has deployed 504 next-generation AI-optimized GPUs consuming approximately 1 MW, with 3 MW of remaining capacity to support approximately 1,500 additional GPUs.British Columbia (Phase 1): 5 MW of critical IT load, available immediately. This capacity supports the deployment of approximately 2,000 next-generation, high-power-density, AI-optimized GPUs.British Columbia (Phase 2): Option for an additional 7.6 MW of critical IT load in 2027, supporting an additional 3,000 next-generation high-power density AI-optimized GPUs.In aggregate, the Company now has a growth path to over 6,000 new GPU deployments in Canada through this strategic data center partnership with Bell Canada AI Fabric, providing the infrastructure runway for its GPU cloud revenue objectives.Importantly, no additional capital expenditures are required to secure this expanded colocation capacity. Deposits made by the Company in 2025 with the strategic data center partner are sufficient to secure the full growth pipeline. Standard operational costs associated with GPU procurement, installation, and ongoing data center operations remain separate and are expected as part of normal business activities.Accelerating AI Cloud GrowthThe Company previously disclosed a target of achieving new deployments of 6,000 latest generation GPUs for AI cloud. This colocation expansion provides the infrastructure required to achieve that target on an accelerated basis. 4,000 next-generation AI-optimized GPUs are targeted for contracted revenue in the next 6 months (including 2,000 high-power density GPUs in BC). The Company expects further expand another 2000 high-power density GPUs through additional partner data centers or its own data centers, reaching 6000 GPUs in Canada, with a target of $200 million in contracted annualized run-rate revenue ("HPC ARR") by the end of this fiscal year (period end March 31, 2027). For new long-term GPU contracts with enterprise clients, the Company is targeting 75% HPC EBITDA."Nations that control their own AI compute will lead the next era of global innovation. Canada has the talent, the energy, and now, with BUZZ, the infrastructure to compete at the highest level," said Frank Holmes, Executive Chairman of HIVE. "Since 2017, HIVE has demonstrated the ability to build, scale, and operate complex digital infrastructure with consistency and rigor across nine time zones and three continents. We are now applying that same discipline to AI. Our dual-engine model, Tier-I Bitcoin mining generating cash flow and Tier-III AI compute delivering high-margin recurring revenue, was built for exactly this moment. This expansion with Bell is a statement of conviction. We believe sovereign AI compute will define the next decade of Canadian innovation, and HIVE intends to be at the center of it. Moreover, in addition to our exciting growth ramp, HIVE owns and operates other data centres in Canada, which prime for conversion for hyperscaler colocation, and even government or military contracts. Notably, indications to management are that our 70 MW site in New Brunswick offers the scale of powered land for hyperscaler needs, and we believe the location of our 7.6 MW Toronto Airport site is very attractive to government or military applications."Aydin Kilic, President and CEO of HIVE, added: "This expansion gives us committed liquid-cooled data center capacity across two provinces, and a clear path to over 6,000 next-generation AI-optimized GPUs in Canada. As demand for AI compute ramps, we can move quickly to deploy additional clusters of AI-optimized GPUs online to realize our ARR targets for 2026, while scaling EBITDA in a cap-ex light strategy. The data center infrastructure is now secured, and the demand for compute is strong. We are seeing economics where 3-year deals and 5-year deals for longer-term GPU contracts provide investors with comfort that there is a strong fundamental return on the investment and deployment of these GPU clusters. Investors should expect near-term updates on GPU procurement and cloud revenue contracts as we execute on this accelerated timeline."* As used herein, "HPC EBITDA" is defined as earnings from HPC operations before deducting HPC-related interest, taxes, depreciation and amortization. "HPC ARR", as a metric, represents total HPC revenue only, and does not represent profitability. HPC ARR is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE's quarterly and annual financial statements. All financial projections reflect current market sentiment and public disclosures as of March 2026; actual outcomes may vary. Investors should conduct their own due diligence.Capital Allocation and Future Investment Strategy in EuropeAs previously disclosed, HIVE has operated in Sweden since 2017, establishing multiple successful datacenter facilities powered entirely by renewable energy. Over that time, HIVE has made meaningful contributions to the local economy by engaging numerous subcontractors and supporting community initiatives such as the Boden Hockey Club. Notably, HIVE was also the first datacenter operator in Sweden to participate in the national grid-balancing program in collaboration with Svenska Kraftnät and Vattenfall, helping stabilize renewable power supply while supporting regional energy infrastructure.HIVE's acquisition of the 7 MW datacenter in Boden, Sweden, in November 2023 marked an early step in the Company's strategic transition from Tier-I digital infrastructure toward Tier-III high-performance computing and artificial intelligence infrastructure. While the site initially operated as part of HIVE's renewable-powered hashrate production, the facility was subsequently designated for conversion to Tier-III AI and HPC standards capable of supporting enterprise-grade GPU clusters.As part of this transition, HIVE is progressively phasing down its ASIC-based hashrate production (provided to foreign Bitcoin mining pool customers) at its larger Boden facility, enabling the Company to redeploy resources toward its expanding AI and HPC strategy in Europe.This strategic shift has been driven by increasing challenges faced by HIVE's Swedish subsidiaries in their traditional hashrate production business. Recently, the Company has experienced ongoing enforcement actions and what it believes are misapplications of existing tax rules by the Swedish tax authorities. Despite receiving supportive opinions from several respected law firms, a tier-1 accounting firm, and top local academics specializing in Swedish value-added-tax matters, the authorities have imposed a security deposit requirement on disputed tax assessments. Historically, because of the strength of the Company's case, it had always been granted deferrals, while awaiting a final judicial appeal. These developments have created operational uncertainty and have limited the Company's ability to continue operating its traditional hashrate production model on a consistent economic basis.In response to these evolving conditions, HIVE has determined that continuing its ASIC-based hashrate production model may no longer be economically viable in Sweden, and the Company will begin exploring the phase out of these activities.As a proactive solution, HIVE is shifting its strategic focus toward high-performance computing and artificial intelligence Tier-III datacenters. This transition is already underway with the upgrade of the Company's 7 MW facility in Boden to a Tier-III design. Construction is currently in progress, and the facility is expected to support GPU clusters based on the NVIDIA GB300 GPU architecture, designed to power demanding AI training and inference workloads.This investment will position HIVE at the forefront of next-generation digital infrastructure while ensuring the Company remains a contributor to the region's technological development. For the Boden community, these next-generation datacenters are expected to support local economic growth, strengthen education partnerships, and attract technology-focused businesses, further solidifying the region's reputation as a hub for digital innovation.RSU Grants Reinforce Commitment to Sustainable GrowthTo ensure the team delivering on HIVE's current and future vision has direct alignment with shareholders, HIVE is granting 2,849,400 Restricted Share Units ("RSUs") to employees, officers, directors, and consultants under its RSU plan, with a mandatory one-year TSX Venture Exchange vesting period. This aligns management with investors to build long-term value. Inspired by Harvard Business School research on non-linear incentives, these quarterly milestone-based awards foster innovation and retention-aligning global talent from Paraguay to Sweden with HIVE's vision for sustainable growth and minimal dilution.HIVE has shared these RSUs with all employees, both new and long-serving, to preserve its unique culture, which focuses on efficiency and return on invested capital.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078About BUZZ HPCBUZZ High Performance Computing (BUZZ HPC), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads. Headquartered in Canada with a global reach, BUZZ HPC is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its Tier-III+ data centres powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) host thousands of industrial-grade GPUs across North America and Europe used for AI model training, fine-tuning and inference.Through its Green GPU initiative, BUZZ HPC combines AI innovation with sustainability, offering localized expertise and global infrastructure. Learn more at https://www.buzzhpc.aiFor further information, please contact: Craig Tavares, BUZZ HPC President and COO Tel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking InformationExcept for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the anticipated benefits of the partnership between BUZZ HPC and Bell Canada; the expected deployment, timing, capacity, and expansion of BUZZ HPC's NVIDIA-accelerated infrastructure; the potential impact on Canadian AI innovation, competitiveness, and economic growth; compliance with privacy, cybersecurity, and data residency regulations; the use of renewable energy; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the partnership will proceed as planned, infrastructure will be deployed on the expected timelines and within budget, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: the risk that deployment timelines may change; that costs may exceed expectations; that demand for AI infrastructure may be lower than anticipated; that partnerships or regulatory approvals may not materialize as expected; that GPU supply and procurement timelines may be subject to change; that revenue projections are based on current market conditions and assumptions that may not materialize; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288655
Original: RETRANSMISSION: HIVE's BUZZ HPC Expands Data Center Footprint into British Columbia with 4 Times Growth in Liquid-Cooled AI Data Center Capacity
CA Market News
3 months ago
HIVE's BUZZ HPC Expands Data Center Footprint into British Columbia with 4 Times Growth in Liquid-Cooled AI Data Center CapacityMarch 16, 2026 2:20 AM
NewsfileThis 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 16, 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, through its wholly owned subsidiary BUZZ High Performance Computing ("BUZZ"), today announced a 4x expansion of its liquid-cooled AI data center capacity through its previously announced strategic data center partner in Canada, growing the existing 4 megawatts ("MW") in Manitoba to 16.6 MW of critical IT load across two Canadian provinces (all figures referenced herein are in critical IT load), expanding HIVE's BUZZ HPC Sovereign AI Compute offering in Canada (all amounts in US dollars, unless otherwise indicated).The expansion adds a new colocation facility in British Columbia, providing an immediate 5 MW of capacity with an option to scale an additional 7.6 MW. This new immediate capacity facilitates the deployment of upwards of 2,000 next-generation high-power density AI-optimized GPUs in British Columbia, complementing the capacity for approximately 2,000 GPUs in BUZZ's existing Manitoba facility. In total, the Company now has a near-term ramp to over 4,000 GPUs in Canada through its data center partnerships and its own sites, accelerating the Company's previously announced GPU AI cloud deployment targets for calendar 2026. 4 Times Growth in Sovereign AI Data Center Runway Across CanadaThe Company's AI colocation footprint with Bell Canada AI Fabric, its strategic data center partner, now spans two provinces in Western Canada:Manitoba: 4 MW of critical IT load. BUZZ has deployed 504 next-generation AI-optimized GPUs consuming approximately 1 MW, with 3 MW of remaining capacity to support approximately 1,500 additional GPUs.British Columbia (Phase 1): 5 MW of critical IT load, available immediately. This capacity supports the deployment of approximately 2,000 next-generation, high-power-density, AI-optimized GPUs.British Columbia (Phase 2): Option for an additional 7.6 MW of critical IT load in 2027, supporting an additional 3,000 next-generation high-power density AI-optimized GPUs.In aggregate, the Company now has a growth path to over 6,000 new GPU deployments in Canada through this strategic data center partnership with Bell Canada AI Fabric, providing the infrastructure runway for its GPU cloud revenue objectives.Importantly, no additional capital expenditures are required to secure this expanded colocation capacity. Deposits made by the Company in 2025 with the strategic data center partner are sufficient to secure the full growth pipeline. Standard operational costs associated with GPU procurement, installation, and ongoing data center operations remain separate and are expected as part of normal business activities.Accelerating AI Cloud GrowthThe Company previously disclosed a target of achieving new deployments of 6,000 latest generation GPUs for AI cloud. This colocation expansion provides the infrastructure required to achieve that target on an accelerated basis. 4,000 next-generation AI-optimized GPUs are targeted for contracted revenue in the next 6 months (including 2,000 high-power density GPUs in BC). The Company expects further expand another 2000 high-power density GPUs through additional partner data centers or its own data centers, reaching 6000 GPUs in Canada, with a target of $200 million in contracted annualized run-rate revenue ("HPC ARR") by the end of this fiscal year (period end March 31, 2027). For new long-term GPU contracts with enterprise clients, the Company is targeting 75% HPC EBITDA."Nations that control their own AI compute will lead the next era of global innovation. Canada has the talent, the energy, and now, with BUZZ, the infrastructure to compete at the highest level," said Frank Holmes, Executive Chairman of HIVE. "Since 2017, HIVE has demonstrated the ability to build, scale, and operate complex digital infrastructure with consistency and rigor across nine time zones and three continents. We are now applying that same discipline to AI. Our dual-engine model, Tier-I Bitcoin mining generating cash flow and Tier-III AI compute delivering high-margin recurring revenue, was built for exactly this moment. This expansion with Bell is a statement of conviction. We believe sovereign AI compute will define the next decade of Canadian innovation, and HIVE intends to be at the center of it. Moreover, in addition to our exciting growth ramp, HIVE owns and operates other data centres in Canada, which prime for conversion for hyperscaler colocation, and even government or military contracts. Notably, indications to management are that our 70 MW site in New Brunswick offers the scale of powered land for hyperscaler needs, and we believe the location of our 7.6 MW Toronto Airport site is very attractive to government or military applications."Aydin Kilic, President and CEO of HIVE, added: "This expansion gives us committed liquid-cooled data center capacity across two provinces, and a clear path to over 6,000 next-generation AI-optimized GPUs in Canada. As demand for AI compute ramps, we can move quickly to deploy additional clusters of AI-optimized GPUs online to realize our ARR targets for 2026, while scaling EBITDA in a cap-ex light strategy. The data center infrastructure is now secured, and the demand for compute is strong. We are seeing economics where 3-year deals and 5-year deals for longer-term GPU contracts provide investors with comfort that there is a strong fundamental return on the investment and deployment of these GPU clusters. Investors should expect near-term updates on GPU procurement and cloud revenue contracts as we execute on this accelerated timeline."* As used herein, "HPC EBITDA" is defined as earnings from HPC operations before deducting HPC-related interest, taxes, depreciation and amortization. "HPC ARR", as a metric, represents total HPC revenue only, and does not represent profitability. HPC ARR is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE's quarterly and annual financial statements. All financial projections reflect current market sentiment and public disclosures as of March 2026; actual outcomes may vary. Investors should conduct their own due diligence.Capital Allocation and Future Investment Strategy in EuropeAs previously disclosed, HIVE has operated in Sweden since 2017, establishing multiple successful datacenter facilities powered entirely by renewable energy. Over that time, HIVE has made meaningful contributions to the local economy by engaging numerous subcontractors and supporting community initiatives such as the Boden Hockey Club. Notably, HIVE was also the first datacenter operator in Sweden to participate in the national grid-balancing program in collaboration with Svenska Kraftnät and Vattenfall, helping stabilize renewable power supply while supporting regional energy infrastructure.HIVE's acquisition of the 7 MW datacenter in Boden, Sweden, in November 2023 marked an early step in the Company's strategic transition from Tier-I digital infrastructure toward Tier-III high-performance computing and artificial intelligence infrastructure. While the site initially operated as part of HIVE's renewable-powered hashrate production, the facility was subsequently designated for conversion to Tier-III AI and HPC standards capable of supporting enterprise-grade GPU clusters.As part of this transition, HIVE is progressively phasing down its ASIC-based hashrate production (provided to foreign Bitcoin mining pool customers) at its larger Boden facility, enabling the Company to redeploy resources toward its expanding AI and HPC strategy in Europe.This strategic shift has been driven by increasing challenges faced by HIVE's Swedish subsidiaries in their traditional hashrate production business. Recently, the Company has experienced ongoing enforcement actions and what it believes are misapplications of existing tax rules by the Swedish tax authorities. Despite receiving supportive opinions from several respected law firms, a tier-1 accounting firm, and top local academics specializing in Swedish value-added-tax matters, the authorities have imposed a security deposit requirement on disputed tax assessments. Historically, because of the strength of the Company's case, it had always been granted deferrals, while awaiting a final judicial appeal. These developments have created operational uncertainty and have limited the Company's ability to continue operating its traditional hashrate production model on a consistent economic basis.In response to these evolving conditions, HIVE has determined that continuing its ASIC-based hashrate production model may no longer be economically viable in Sweden, and the Company will begin exploring the phase out of these activities.As a proactive solution, HIVE is shifting its strategic focus toward high-performance computing and artificial intelligence Tier-III datacenters. This transition is already underway with the upgrade of the Company's 7 MW facility in Boden to a Tier-III design. Construction is currently in progress, and the facility is expected to support GPU clusters based on the NVIDIA GB300 GPU architecture, designed to power demanding AI training and inference workloads.This investment will position HIVE at the forefront of next-generation digital infrastructure while ensuring the Company remains a contributor to the region's technological development. For the Boden community, these next-generation datacenters are expected to support local economic growth, strengthen education partnerships, and attract technology-focused businesses, further solidifying the region's reputation as a hub for digital innovation.RSU Grants Reinforce Commitment to Sustainable GrowthTo ensure the team delivering on HIVE's current and future vision has direct alignment with shareholders, HIVE is granting 2,849,400 Restricted Share Units ("RSUs") to employees, officers, directors, and consultants under its RSU plan, with a mandatory one-year TSX Venture Exchange vesting period. This aligns management with investors to build long-term value. Inspired by Harvard Business School research on non-linear incentives, these quarterly milestone-based awards foster innovation and retention-aligning global talent from Paraguay to Sweden with HIVE's vision for sustainable growth and minimal dilution.HIVE has shared these RSUs with all employees, both new and long-serving, to preserve its unique culture, which focuses on efficiency and return on invested capital.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078About BUZZ HPCBUZZ High Performance Computing (BUZZ HPC), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads. Headquartered in Canada with a global reach, BUZZ HPC is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its Tier-III+ data centres powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) host thousands of industrial-grade GPUs across North America and Europe used for AI model training, fine-tuning and inference.Through its Green GPU initiative, BUZZ HPC combines AI innovation with sustainability, offering localized expertise and global infrastructure. Learn more at https://www.buzzhpc.aiFor further information, please contact: Craig Tavares, BUZZ HPC President and COO Tel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking InformationExcept for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the anticipated benefits of the partnership between BUZZ HPC and Bell Canada; the expected deployment, timing, capacity, and expansion of BUZZ HPC's NVIDIA-accelerated infrastructure; the potential impact on Canadian AI innovation, competitiveness, and economic growth; compliance with privacy, cybersecurity, and data residency regulations; the use of renewable energy; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the partnership will proceed as planned, infrastructure will be deployed on the expected timelines and within budget, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: the risk that deployment timelines may change; that costs may exceed expectations; that demand for AI infrastructure may be lower than anticipated; that partnerships or regulatory approvals may not materialize as expected; that GPU supply and procurement timelines may be subject to change; that revenue projections are based on current market conditions and assumptions that may not materialize; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288654
Original: HIVE's BUZZ HPC Expands Data Center Footprint into British Columbia with 4 Times Growth in Liquid-Cooled AI Data Center Capacity
CA Market News
3 months ago
RETRANSMISSION: AMC Robotics and HIVE Announce Collaboration to Advance AI-Driven Robotics Compute InfrastructureMarch 13, 2026 6:00 AM
NewsfileThis 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 13, 2026) - AMC Robotics Corporation (NASDAQ: AMCI) ("AMC Robotics" or the "Company"), an AI-driven robotics solutions provider, and HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE"), a global leader in sustainable digital infrastructure and AI compute, today jointly announced a strategic collaboration focused on advancing next-generation AI-driven robotics applications and scalable infrastructure capabilities.Through this collaboration, AMC Robotics has begun utilizing HIVE's GPU AI compute infrastructure and related services to support the Company's expanding development, testing, and deployment needs. In parallel, the two companies are actively exploring broader areas of cooperation, including potential collaboration across AI optimization, data processing, and infrastructure scalability to support future product initiatives.AMC Robotics recently featured its AI-powered quadruped robot Kyro™ at the Tokyo Security Show 2026, as an active demonstration of autonomous security technology. The robot serves as a mobile AI edge computing platform, capable of operating independently in complex environments and supporting real-time monitoring and inspection. During the exhibition, Kyro™ performed live demonstrations of autonomous navigation, abnormal heat detection, and remote operation, showcasing how robotics can support security and inspection tasks in challenging environments.A video demonstration of AMC Robotics' Kyro™ platform in action is available at https://amc-media.amcx.ai/rebotdog.mp4. Additional information on AMC's robotic solutions can be found at https://amcx.ai/solutions/robotic-dogs/.As AMC Robotics continues advancing AI-driven robotics applications, particularly for real-time video processing and navigation, access to scalable GPU computing infrastructure becomes increasingly critical. HIVE has been expanding its GPU AI Cloud infrastructure globally through its BUZZ HPC subsidiary, servicing growing enterprise demand across AI training, inference, and now robotics workloads, where it will provide AMC Robotics with the compute resources needed to support its growing development and deployment activities.The collaboration reflects a shared vision between AMC Robotics and HIVE to accelerate innovation at the intersection of artificial intelligence, robotics, and intelligent infrastructure. By leveraging HIVE's technical capabilities and AMC Robotics' application-driven robotics platform, the parties aim to enhance performance efficiency, development flexibility, and long-term scalability."As we continue to expand our AI-driven robotics solutions, access to reliable and scalable infrastructure is increasingly important," said Sean Da, CEO of AMC Robotics. "Our collaboration with HIVE supports our current operational needs while also opening the door to potential deeper collaboration as we look ahead."Frank Holmes, Co-Founder & Executive Chairman of HIVE, stated, "We are seeing the next turn of the AI industrial revolution with the advent of robotics, for security, for logistics, and many new novel applications in manufacturing. This is accelerating as the autonomy, stability, and accuracy of AI-enabled robots evolve. These machines will take on the dangerous, the dull, and the impossible, and the companies building the infrastructure behind them will define the next decade. We are seeing massive investment from the most valuable companies in the world into AI robotics (notably Tesla's Optimus robots), and the HIVE and AMC Robotics strategic collaboration positions our firms right in the center of these growing markets."Aydin Kilic, President & CEO of HIVE, said, "We believe robotics applications may represent a growing area of demand for AI compute infrastructure. As our GPU AI Cloud platform expands globally to service growing AI demand and broad industrial use cases, we see meaningful opportunities to work with AMC Robotics as it advances intelligent robotics applications across a growing range of use cases. As innovators in our respective fields, HIVE's BUZZ GPU AI Cloud will provide scalable and high-performance compute for AMC Robotics' ramp from lab to real-world deployment at scale."The companies emphasized that the collaboration is expected to evolve over time as HIVE scales its global infrastructure and AMC Robotics moves toward production deployment. Any future arrangements would be subject to further evaluation and mutually agreed terms.About AMC Robotics CorporationAMC Robotics (NASDAQ: AMCI) is an AI-driven robotics company focused on developing intelligent, scalable hardware and software solutions. The Company's quadruped robotic platform, Kyro™, enables industries to automate inspection, security, and operational tasks through autonomous mobility and AI-powered perception.For more information, please visit www.amcx.ai.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding, HIVE Digital Technologies
Frank Holmes, Executive Chairman, HIVE Digital Technologies
Aydin Kilic, President & CEO, HIVE Digital TechnologiesTel: (604) 664-1078Craig Mychajluk, Managing Director - Investor Relations, Alliance Advisors IRE: AMCRoboticsIR@allianceadvisors.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding-Forward Looking StatementsThis press release may contain statements that constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation. These forward-looking statements are based on the Company's management's current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the Company's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) challenges in opening operations in new jurisdictions, including but not limited to compliance with local ordinances, obtaining any necessary permits and regulatory oversight; (b) the ability to recognize the anticipated benefits of the new operations; (c) the outcome of any legal proceedings that may be instituted against the Company; (d) the ability to continue to meet the applicable stock exchange listing standards; (e) the effect of the Company's recently completed business combination with AlphaVest Acquisition Corp ("AlphaVest") on the Company's business relationships, performance, and business generally and the risk that such transaction further disrupts current plans and operations of the Company or its subsidiaries; (f) the ability to recognize the anticipated benefits of the transaction with AlphaVest, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (h) the possibility that AMC Robotics may be adversely affected by other economic, business, and/or competitive factors; (i) AMC Robotics' estimates of expenses and profitability; and (j) other risks and uncertainties indicated under "Risk Factors" contained in the definitive proxy statement/prospectus for the transaction with AlphaVest, and other documents filed or to be filed with the SEC by AMC Robotics. Copies are available on the SEC's website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.The Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288387
Original: RETRANSMISSION: AMC Robotics and HIVE Announce Collaboration to Advance AI-Driven Robotics Compute Infrastructure
US Market News
3 months ago
AMC Robotics and HIVE Announce Collaboration to Advance AI-Driven Robotics Compute InfrastructureMarch 13, 2026 1:35 AM
NewsfileThis 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 13, 2026) - AMC Robotics Corporation (NASDAQ: AMCI) ("AMC Robotics" or the "Company"), an AI-driven robotics solutions provider, and HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE"), a global leader in sustainable digital infrastructure and AI compute, today jointly announced a strategic collaboration focused on advancing next-generation AI-driven robotics applications and scalable infrastructure capabilities.Through this collaboration, AMC Robotics has begun utilizing HIVE's GPU AI compute infrastructure and related services to support the Company's expanding development, testing, and deployment needs. In parallel, the two companies are actively exploring broader areas of cooperation, including potential collaboration across AI optimization, data processing, and infrastructure scalability to support future product initiatives.AMC Robotics recently featured its AI-powered quadruped robot Kyro™ at the Tokyo Security Show 2026, as an active demonstration of autonomous security technology. The robot serves as a mobile AI edge computing platform, capable of operating independently in complex environments and supporting real-time monitoring and inspection. During the exhibition, Kyro™ performed live demonstrations of autonomous navigation, abnormal heat detection, and remote operation, showcasing how robotics can support security and inspection tasks in challenging environments.A video demonstration of AMC Robotics' Kyro™ platform in action is available at https://amc-media.amcx.ai/rebotdog.mp4. Additional information on AMC's robotic solutions can be found at https://amcx.ai/solutions/robotic-dogs/.As AMC Robotics continues advancing AI-driven robotics applications, particularly for real-time video processing and navigation, access to scalable GPU computing infrastructure becomes increasingly critical. HIVE has been expanding its GPU AI Cloud infrastructure globally through its BUZZ HPC subsidiary, servicing growing enterprise demand across AI training, inference, and now robotics workloads, where it will provide AMC Robotics with the compute resources needed to support its growing development and deployment activities.The collaboration reflects a shared vision between AMC Robotics and HIVE to accelerate innovation at the intersection of artificial intelligence, robotics, and intelligent infrastructure. By leveraging HIVE's technical capabilities and AMC Robotics' application-driven robotics platform, the parties aim to enhance performance efficiency, development flexibility, and long-term scalability."As we continue to expand our AI-driven robotics solutions, access to reliable and scalable infrastructure is increasingly important," said Sean Da, CEO of AMC Robotics. "Our collaboration with HIVE supports our current operational needs while also opening the door to potential deeper collaboration as we look ahead."Frank Holmes, Co-Founder & Executive Chairman of HIVE, stated, "We are seeing the next turn of the AI industrial revolution with the advent of robotics, for security, for logistics, and many new novel applications in manufacturing. This is accelerating as the autonomy, stability, and accuracy of AI-enabled robots evolve. These machines will take on the dangerous, the dull, and the impossible, and the companies building the infrastructure behind them will define the next decade. We are seeing massive investment from the most valuable companies in the world into AI robotics (notably Tesla's Optimus robots), and the HIVE and AMC Robotics strategic collaboration positions our firms right in the center of these growing markets."Aydin Kilic, President & CEO of HIVE, said, "We believe robotics applications may represent a growing area of demand for AI compute infrastructure. As our GPU AI Cloud platform expands globally to service growing AI demand and broad industrial use cases, we see meaningful opportunities to work with AMC Robotics as it advances intelligent robotics applications across a growing range of use cases. As innovators in our respective fields, HIVE's BUZZ GPU AI Cloud will provide scalable and high-performance compute for AMC Robotics' ramp from lab to real-world deployment at scale."The companies emphasized that the collaboration is expected to evolve over time as HIVE scales its global infrastructure and AMC Robotics moves toward production deployment. Any future arrangements would be subject to further evaluation and mutually agreed terms.About AMC Robotics CorporationAMC Robotics (Nasdaq: AMCI) is an AI-driven robotics company focused on developing intelligent, scalable hardware and software solutions. The Company's quadruped robotic platform, Kyro™, enables industries to automate inspection, security, and operational tasks through autonomous mobility and AI-powered perception.For more information, please visit www.amcx.ai.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding, HIVE Digital Technologies
Frank Holmes, Executive Chairman, HIVE Digital Technologies
Aydin Kilic, President & CEO, HIVE Digital TechnologiesTel: (604) 664-1078Craig Mychajluk, Managing Director - Investor Relations, Alliance Advisors IRE: AMCRoboticsIR@allianceadvisors.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking StatementsThis press release may contain statements that constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, and the effects of regulation. These forward-looking statements are based on the Company's management's current expectations, projections, and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the Company's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions, and other important factors include, but are not limited to: (a) challenges in opening operations in new jurisdictions, including but not limited to compliance with local ordinances, obtaining any necessary permits and regulatory oversight; (b) the ability to recognize the anticipated benefits of the new operations; (c) the outcome of any legal proceedings that may be instituted against the Company; (d) the ability to continue to meet the applicable stock exchange listing standards; (e) the effect of the Company's recently completed business combination with AlphaVest Acquisition Corp ("AlphaVest") on the Company's business relationships, performance, and business generally and the risk that such transaction further disrupts current plans and operations of the Company or its subsidiaries; (f) the ability to recognize the anticipated benefits of the transaction with AlphaVest, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (g) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations); (h) the possibility that AMC Robotics may be adversely affected by other economic, business, and/or competitive factors; (i) AMC Robotics' estimates of expenses and profitability; and (j) other risks and uncertainties indicated under "Risk Factors" contained in the definitive proxy statement/prospectus for the transaction with AlphaVest, and other documents filed or to be filed with the SEC by AMC Robotics. Copies are available on the SEC's website, www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.The Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288386
Original: AMC Robotics and HIVE Announce Collaboration to Advance AI-Driven Robotics Compute Infrastructure
CA Market News
3 months ago
RETRANSMISSION: HIVE Delivers Record Q3 Revenue of $93.1 Million with $32.1 Million Gross Operating Margin, Up Over 6x Year-Over-YearFebruary 17, 2026 6:00 AM
NewsfileThis 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. - February 17, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, announced its results for the third quarter ended December 31, 2025 (all amounts in US dollars, unless otherwise indicated).HIVE delivered record quarterly revenue of $93.1 million, representing 219% year-over-year growth and 7% quarter over quarter growth, and Adjusted EBITDA of $5.7 million. Gross operating margin expanded significantly to $32.1 million (34.5%), up more than sixfold compared to $5.3 million in the prior year period.This quarter marks the strongest "dual-engine" growth in HIVE's history, driven by the rapid scale-out of its Bitcoin hashrate fleet to an installed base of 25 Exahash per Second ("EH/s") by period end December 31, 2025 and accelerating demand for BUZZ HPC platforms.Q3 FY2026 Financial Highlights:Total Revenue: $93.1 million, a 219% increase from $29.2 million in Q3 FY2025 and a 7% increase over last quarter. Gross operating margin was $32.1 million or 35%3, up from 18% in fiscal Q3 FY2025. See the calculation of direct costs and mining margin included below in this press release.Digital Currency Hashrate Revenue: $88.2 million, up 8% from Q2 FY2026, reflecting a 41% quarter-over-quarter increase in average hashrate to 22.9 EH/s, partially offset by approximately 10% lower Bitcoin prices and 15% higher network difficulty. This hashrate revenue was achieved at a direct cost of $57.8 million, of which approximately 90% is energy costs. See the calculation of direct costs included below in this press release.Bitcoin Output: Generated 885 Bitcoin, representing a 23% quarter over quarter increase, despite a 15% rise in network difficulty.HPC Revenue: BUZZ HPC revenue was $4.9 million during the quarter. This revenue was achieved against direct costs of $2.3 million.G&A: $8.4 million, up from $7.8 million in Q2 2026, primarily as a result of increased staff to support HIVE's global expansion, including Paraguay, and the BUZZ HPC business. Notably, while gross operating margin increased more than 6x year-over-year, corporate G&A grew only 1.8x over the same period, demonstrating operating leverage and disciplined scaling.Net Loss: GAAP net loss of $91.3 million was primarily driven by $57.4 million in accelerated depreciation related to the Paraguay expansion and non-cash revaluation adjustments. The loss reflects HIVE's decision to depreciate the next-generation ASIC fleet over a two-year cycle, rather than the typical four-year schedule, to reflect the faster pace of efficiency improvements and shorter economic lives of new ASICs-a conservative approach aligned with our strong growth in Paraguay and focus on operating income. Adjusted EBITDA1: $5.7 million.OPERATING PERFORMANCE: SCALE WITH DISCIPLINEInfrastructure ExpansionCompleted Paraguay Buildout and Achieved 25 EH/s: Operating 440 megawatts ("MW") of global, hydro-powered capacity with 25 EH/s installed and 22.9 EH/s average operational hashrate, while reaching 17.5 Joules per Terahash ("J/TH") fleet efficiency; record completion of 300 MW of green-energy Tier-I infrastructure brought online in 6 months (from May 2025 to November 2025). Land & Power: The company signed an additional 100 MW PPA in Yguazú and bought 10 hectares of land, with energization targeted for Q4 2026. This maintains our growth in Paraguay by an additional 10 EH/s. Subsequent to the quarter end, the Company has purchased an additional 63 hectares of land.Positioning for AI and HPC GrowthFuture Capacity & Growth OutlookAccelerating AI Revenue: In February 2026, the Company signed a 2-year, $30 million contract for 504 Nvidia B200 GPUs. Expected deployments to be live in calendar Q1 2026 at Bell's Tier-III facility; adds ~$15 million of ARR and lifts HPC annualized revenue ~75% (from $20 million to $35 million). Targeting $140 million ARR by Q4 2026 for GPU AI Cloud with 11,000 GPUs, subject to market conditions and successful infrastructure deployment.BUZZ's Growth Plan: Targeting $225 million ARR for total HPC revenue (HPC Tier-III colocation at HIVE's New Brunswick 70 MW Tier-I data center to be converted to 50 MW of IT Load for Tier-III hyperscaler colocation, estimated to generate $85 million ARR in addition to the GPU AI Cloud revenue) by end of calendar 2026 or early 2027 as GPU cloud and colocation capacity expands.Strengthened Runway for Scalable Compute: By year-end, HIVE expects to operate a 540 MW energy footprint (440 MW currently operating, plus the additional 100 MW PPA contracted). Existing and incremental megawatts will be evaluated to preserve flexibility for highest-value deployments - toward expanding EH/s or supporting future AI and high-performance computing workloads. Management InsightsFrank Holmes, HIVE's Executive Chairman, stated, "This quarter marked an inflection point for HIVE. We delivered record revenue, scaled our renewable-powered Tier-I hashrate platform to 25 EH/s and accelerated our AI strategy. These milestones reflect disciplined execution across both engines of our business - Bitcoin hashrate services as the cash generator and BUZZ as our high-growth HPC platform, positioning HIVE for diversified, recurring revenue growth. Demand for AI compute continues to rise, and HIVE is leveraging its long track record in high-performance compute infrastructure and deep technical expertise in AI cloud services and data center operations to capture that opportunity. Notably, we are also positioning Paraguay to be a leader in HPC for Latin America. With abundant and stable green energy, and a government that is strongly-aligned with the United States, we believe Tier-III data centers are the future in Paraguay. Our future deployments in Paraguay will have the architecture and infrastructure footprint for Tier III future deployments as we build out our powered land. Our team has ordered the substation for the additional 100 MW at Yguazú, which we expect to come online in calendar Q3 2026. Moreover, the Company has a strategic alignment with Paraguay's largest Tier III telecom datacenter operator, where we are sending a cluster of high-performance GPUs which will operate on the BUZZ AI Cloud out of Asuncion. Thus, by laying the foundation for long-term and rapid scale HPC Tier III Data Center deployment with our next 100 MW in Yguazú, and curating HIVE's first Latin America GPU AI cloud proof-of-concept this quarter from Asuncion, our vision is to be a first mover in Latin America, powering the AI industrial revolution with renewable energy from Paraguay. HIVE will be a key economic driver for Paraguay, as we anticipate materially contributing to the GDP growth of the country through our data center construction expenditures and stable and long-term consumption of power from the Itaipu Dam, which will strengthen Paraguay's domestic energy market and drive revenue for ANDE and the government. President Santiago Pena has demonstrated great leadership, along with Marcos Riquelme and Ruben Ramirez Lezcano, which gives us the confidence to advance our investments into Paraguay."Mr. Holmes continued, "Our wholly owned subsidiary, BUZZ AI has begun to demonstrate the scale of its earnings power. With this growth, our early-stage Paraguay platform becomes even more strategic, as we partner with a leading Tier-III telecom data center operator in the country and deploy our first cluster of high-performance GPUs into that facility, demonstrating that our GPU chips have arrived and that Paraguay can be a cornerstone market for BUZZ in Latin America. Tier-I data centers are a critical first step in building the power and infrastructure backbone required for future Tier-III AI and HPC campuses, and we see them as the key runway for grid build-out and long-term capacity planning across our global platform. This is the strategy we are executing in Canada and Sweden today, and now in Paraguay as we develop large-scale, renewable-powered Tier-I capacity that can be systematically upgraded into Tier-III AI and HPC data centers over time."Aydin Kilic, President & CEO, stated, "This quarter demonstrated HIVE's execution in both our Tier-I hashrate platform and GPU AI Cloud. Our business has scaled substantially over the last year. Notably, our gross operating margin has increased over 6x YoY, from $5.3 million period end December 31, 2024 to $32.1 million this current period end December 31, 2025. At HIVE, we pursue accretive growth with a high-performance work culture, and this exponential growth in gross operating margin relative to corporate G&A reflects our expertise to scale with our Tier-I hashrate platform. Furthermore, this growth in corporate G&A includes added key personnel and talent to our BUZZ HPC and GPU AI Cloud business. In this fiscal quarter, we announced the purchase of 504 next-generation AI-optimized GPUs, and last week, ahead of their installation in March 2026 in the BUZZ Canada West facility, we announced the entire cluster was leased on a two-year fixed term contract valued at $30 million. As we expand BUZZ, we are leveraging our proven infrastructure operating model and deep technical expertise in AI to deliver GPU cloud and colocation capacity quickly and reliably for enterprise customers. With Tier-III+ capacity across Canada, Sweden and a growing pipeline of multi-year GPU cloud and colocation demand, we believe HIVE is positioned to build a durable, high-margin, recurring revenue platform through 2026 and beyond. This dual engine strategy provides continued growth and sustained cashflow as we navigate the recent volatility in Bitcoin hashrate revenues."Darcy Daubaras, HIVE's CFO, stated, "This quarter demonstrates strong revenue growth and operating margin expansion despite a more competitive hashrate environment. Accelerated depreciation impacted net income, but reflects conservative accounting and disciplined balance sheet management. We believe our cost structure and renewable power strategy position us to generate attractive operating margins as competition increases."Strategic PositioningHIVE's "dual-engine" strategy - Bitcoin infrastructure as cash generator and BUZZ AI Cloud as high-growth recurring revenue - provides diversification and capital allocation flexibility.The Company remains focused on:Expanding gross operating marginScaling recurring AI revenueMaintaining disciplined G&A growthPreserving balance sheet strengthWith renewable-powered infrastructure across Canada, Sweden, and Paraguay, HIVE believes it is positioned to build a durable, margin-driven digital infrastructure platform through 2026 and beyond.Conference Call Information
HIVE will hold its fiscal Q3 2026 earnings call on Tuesday, February 17 at 8:00 AM EST. To participate in this event, please log on or dial in approximately 5 minutes before the call.Date: February 17, 2026Time: 8:00 AM EST
Webcast: Registration link here
Dial-in: Provided after registrationFinancial Statements and MD&AThe Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months ended December 31, 2025 will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.¹ The Company has presented certain non-GAAP measures in this report. The Company uses EBITDA and Adjusted EBITDA as a metric that is useful to management, the board and investors for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities. EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for by removing other non-cash items, including share-based compensation, finance expense, depreciation and one-time transactions. The following table provides an illustration of the calculation of EBITDA and Adjusted EBITDA for the last five quarters:To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284124_2d7ff664e4e338b7_002full.jpg² Net realized and unrealized gains (losses) on digital currencies is calculated as the change in fair value (gain or loss) on the coin inventory, and the gain (loss) on the sale of digital currencies which is the net difference between the proceeds and the carrying value of the digital currency.³ The following represents the Revenue and related costs that comprise the gross mining margin. We include connectivity, security, data center maintenance, and electrical equipment maintenance. Electrical costs may vary quarter over quarter.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284124_2d7ff664e4e338b7_003full.jpg*Average revenue per BTC is for hashrate services operations only and excludes HPC operations.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284124_2d7ff664e4e338b7_004full.jpg 4 References to annualized revenue and run-rate revenue are considered future-oriented financial information. Readers should be cautioned that this information is used by the Company only for the purpose of evaluating the merit of this line of its business operations and may not be appropriate for other purposes.Quarterly ATM Sales ReportFor the three-month period ended December 31, 2025, the Company issued 4,925,948 common shares (the "November 2025 ATM Shares") pursuant to the at-the-market offering commenced in November 2025 (the "November 2025 ATM Equity Program") for gross proceeds of C$22.0 million ($15.8 million). The November 2025 ATM Shares were sold at prevailing market prices, for an average price per November 2025 ATM Share of C$4.47. Pursuant to the November 2025 ATM Equity program, a cash commission of $153 thousand on the aggregate gross proceeds raised was paid to the sales agents in connection with its services under the November 2025 ATM Equity Program.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking InformationExcept for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new sites in Paraguay and Toronto and their potential, the timing of it becoming operational; business goals and objectives of the Company, including its target hashrate milestones and the costs to achieve the milestones; the results of operations for the three and nine months ended December 31, 2025; the expected costs of maintaining and growing its operations; financial information related to annualized run rate; the acquisition, deployment and optimization of the hashrate fleet and equipment; the continued viability of its existing Bitcoin hashrate services operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our hashrate facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency hashrate assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of Tier-I hashrate services in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate Tier-I hashrate assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284124
Original: RETRANSMISSION: HIVE Delivers Record Q3 Revenue of $93.1 Million with $32.1 Million Gross Operating Margin, Up Over 6x Year-Over-Year
CA Market News
4 months ago
HIVE Delivers Record Q3 Revenue of $93.1 Million with $32.1 Million Gross Operating Margin, Up Over 6x Year-Over-YearFebruary 17, 2026 1:29 AM
Newsfile 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. - February 17, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, announced its results for the third quarter ended December 31, 2025 (all amounts in US dollars, unless otherwise indicated).HIVE delivered record quarterly revenue of $93.1 million, representing 219% year-over-year growth and 7% quarter over quarter growth, and Adjusted EBITDA of $5.7 million. Gross operating margin expanded significantly to $32.1 million (34.5%), up more than sixfold compared to $5.3 million in the prior year period.This quarter marks the strongest "dual-engine" growth in HIVE's history, driven by the rapid scale-out of its Bitcoin hashrate fleet to an installed base of 25 Exahash per Second ("EH/s") by period end December 31, 2025 and accelerating demand for BUZZ HPC platforms.Q3 FY2026 Financial Highlights:Total Revenue: $93.1 million, a 219% increase from $29.2 million in Q3 FY2025 and a 7% increase over last quarter. Gross operating margin was $32.1 million or 35%3, up from 18% in fiscal Q3 FY2025. See the calculation of direct costs and mining margin included below in this press release.Digital Currency Hashrate Revenue: $88.2 million, up 8% from Q2 FY2026, reflecting a 41% quarter-over-quarter increase in average hashrate to 22.9 EH/s, partially offset by approximately 10% lower Bitcoin prices and 15% higher network difficulty. This hashrate revenue was achieved at a direct cost of $57.8 million, of which approximately 90% is energy costs. See the calculation of direct costs included below in this press release.Bitcoin Output: Generated 885 Bitcoin, representing a 23% quarter over quarter increase, despite a 15% rise in network difficulty.HPC Revenue: BUZZ HPC revenue was $4.9 million during the quarter. This revenue was achieved against direct costs of $2.3 million.G&A: $8.4 million, up from $7.8 million in Q2 2026, primarily as a result of increased staff to support HIVE's global expansion, including Paraguay, and the BUZZ HPC business. Notably, while gross operating margin increased more than 6x year-over-year, corporate G&A grew only 1.8x over the same period, demonstrating operating leverage and disciplined scaling.Net Loss: GAAP net loss of $91.3 million was primarily driven by $57.4 million in accelerated depreciation related to the Paraguay expansion and non-cash revaluation adjustments. The loss reflects HIVE's decision to depreciate the next-generation ASIC fleet over a two-year cycle, rather than the typical four-year schedule, to reflect the faster pace of efficiency improvements and shorter economic lives of new ASICs-a conservative approach aligned with our strong growth in Paraguay and focus on operating income. Adjusted EBITDA1: $5.7 million.OPERATING PERFORMANCE: SCALE WITH DISCIPLINEInfrastructure ExpansionCompleted Paraguay Buildout and Achieved 25 EH/s: Operating 440 megawatts ("MW") of global, hydro-powered capacity with 25 EH/s installed and 22.9 EH/s average operational hashrate, while reaching 17.5 Joules per Terahash ("J/TH") fleet efficiency; record completion of 300 MW of green-energy Tier-I infrastructure brought online in 6 months (from May 2025 to November 2025). Land & Power: The company signed an additional 100 MW PPA in Yguazú and bought 10 hectares of land, with energization targeted for Q4 2026. This maintains our growth in Paraguay by an additional 10 EH/s. Subsequent to the quarter end, the Company has purchased an additional 63 hectares of land.Positioning for AI and HPC GrowthFuture Capacity & Growth OutlookAccelerating AI Revenue: In February 2026, the Company signed a 2-year, $30 million contract for 504 Nvidia B200 GPUs. Expected deployments to be live in calendar Q1 2026 at Bell's Tier-III facility; adds ~$15 million of ARR and lifts HPC annualized revenue ~75% (from $20 million to $35 million). Targeting $140 million ARR by Q4 2026 for GPU AI Cloud with 11,000 GPUs, subject to market conditions and successful infrastructure deployment.BUZZ's Growth Plan: Targeting $225 million ARR for total HPC revenue (HPC Tier-III colocation at HIVE's New Brunswick 70 MW Tier-I data center to be converted to 50 MW of IT Load for Tier-III hyperscaler colocation, estimated to generate $85 million ARR in addition to the GPU AI Cloud revenue) by end of calendar 2026 or early 2027 as GPU cloud and colocation capacity expands.Strengthened Runway for Scalable Compute: By year-end, HIVE expects to operate a 540 MW energy footprint (440 MW currently operating, plus the additional 100 MW PPA contracted). Existing and incremental megawatts will be evaluated to preserve flexibility for highest-value deployments - toward expanding EH/s or supporting future AI and high-performance computing workloads. Management InsightsFrank Holmes, HIVE's Executive Chairman, stated, "This quarter marked an inflection point for HIVE. We delivered record revenue, scaled our renewable-powered Tier-I hashrate platform to 25 EH/s and accelerated our AI strategy. These milestones reflect disciplined execution across both engines of our business - Bitcoin hashrate services as the cash generator and BUZZ as our high-growth HPC platform, positioning HIVE for diversified, recurring revenue growth. Demand for AI compute continues to rise, and HIVE is leveraging its long track record in high-performance compute infrastructure and deep technical expertise in AI cloud services and data center operations to capture that opportunity. Notably, we are also positioning Paraguay to be a leader in HPC for Latin America. With abundant and stable green energy, and a government that is strongly-aligned with the United States, we believe Tier-III data centers are the future in Paraguay. Our future deployments in Paraguay will have the architecture and infrastructure footprint for Tier III future deployments as we build out our powered land. Our team has ordered the substation for the additional 100 MW at Yguazú, which we expect to come online in calendar Q3 2026. Moreover, the Company has a strategic alignment with Paraguay's largest Tier III telecom datacenter operator, where we are sending a cluster of high-performance GPUs which will operate on the BUZZ AI Cloud out of Asuncion. Thus, by laying the foundation for long-term and rapid scale HPC Tier III Data Center deployment with our next 100 MW in Yguazú, and curating HIVE's first Latin America GPU AI cloud proof-of-concept this quarter from Asuncion, our vision is to be a first mover in Latin America, powering the AI industrial revolution with renewable energy from Paraguay. HIVE will be a key economic driver for Paraguay, as we anticipate materially contributing to the GDP growth of the country through our data center construction expenditures and stable and long-term consumption of power from the Itaipu Dam, which will strengthen Paraguay's domestic energy market and drive revenue for ANDE and the government. President Santiago Pena has demonstrated great leadership, along with Marcos Riquelme and Ruben Ramirez Lezcano, which gives us the confidence to advance our investments into Paraguay."Mr. Holmes continued, "Our wholly owned subsidiary, BUZZ AI has begun to demonstrate the scale of its earnings power. With this growth, our early-stage Paraguay platform becomes even more strategic, as we partner with a leading Tier-III telecom data center operator in the country and deploy our first cluster of high-performance GPUs into that facility, demonstrating that our GPU chips have arrived and that Paraguay can be a cornerstone market for BUZZ in Latin America. Tier-I data centers are a critical first step in building the power and infrastructure backbone required for future Tier-III AI and HPC campuses, and we see them as the key runway for grid build-out and long-term capacity planning across our global platform. This is the strategy we are executing in Canada and Sweden today, and now in Paraguay as we develop large-scale, renewable-powered Tier-I capacity that can be systematically upgraded into Tier-III AI and HPC data centers over time."Aydin Kilic, President & CEO, stated, "This quarter demonstrated HIVE's execution in both our Tier-I hashrate platform and GPU AI Cloud. Our business has scaled substantially over the last year. Notably, our gross operating margin has increased over 6x YoY, from $5.3 million period end December 31, 2024 to $32.1 million this current period end December 31, 2025. At HIVE, we pursue accretive growth with a high-performance work culture, and this exponential growth in gross operating margin relative to corporate G&A reflects our expertise to scale with our Tier-I hashrate platform. Furthermore, this growth in corporate G&A includes added key personnel and talent to our BUZZ HPC and GPU AI Cloud business. In this fiscal quarter, we announced the purchase of 504 next-generation AI-optimized GPUs, and last week, ahead of their installation in March 2026 in the BUZZ Canada West facility, we announced the entire cluster was leased on a two-year fixed term contract valued at $30 million. As we expand BUZZ, we are leveraging our proven infrastructure operating model and deep technical expertise in AI to deliver GPU cloud and colocation capacity quickly and reliably for enterprise customers. With Tier-III+ capacity across Canada, Sweden and a growing pipeline of multi-year GPU cloud and colocation demand, we believe HIVE is positioned to build a durable, high-margin, recurring revenue platform through 2026 and beyond. This dual engine strategy provides continued growth and sustained cashflow as we navigate the recent volatility in Bitcoin hashrate revenues."Darcy Daubaras, HIVE's CFO, stated, "This quarter demonstrates strong revenue growth and operating margin expansion despite a more competitive hashrate environment. Accelerated depreciation impacted net income, but reflects conservative accounting and disciplined balance sheet management. We believe our cost structure and renewable power strategy position us to generate attractive operating margins as competition increases."Strategic PositioningHIVE's "dual-engine" strategy - Bitcoin infrastructure as cash generator and BUZZ AI Cloud as high-growth recurring revenue - provides diversification and capital allocation flexibility.The Company remains focused on:Expanding gross operating marginScaling recurring AI revenueMaintaining disciplined G&A growthPreserving balance sheet strengthWith renewable-powered infrastructure across Canada, Sweden, and Paraguay, HIVE believes it is positioned to build a durable, margin-driven digital infrastructure platform through 2026 and beyond.Conference Call Information
HIVE will hold its fiscal Q3 2026 earnings call on Tuesday, February 17 at 8:00 AM EST. To participate in this event, please log on or dial in approximately 5 minutes before the call.Date: February 17, 2026Time: 8:00 AM EST
Webcast: Registration link here
Dial-in: Provided after registrationFinancial Statements and MD&AThe Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months ended December 31, 2025 will be accessible on SEDAR+ at www.sedarplus.ca under HIVE's profile and on the Company's website at www.HIVEdigitaltechnologies.com.¹ The Company has presented certain non-GAAP measures in this report. The Company uses EBITDA and Adjusted EBITDA as a metric that is useful to management, the board and investors for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities. EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for by removing other non-cash items, including share-based compensation, finance expense, depreciation and one-time transactions. The following table provides an illustration of the calculation of EBITDA and Adjusted EBITDA for the last five quarters:To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284123_4dc33d3a64b539ce_002full.jpg² Net realized and unrealized gains (losses) on digital currencies is calculated as the change in fair value (gain or loss) on the coin inventory, and the gain (loss) on the sale of digital currencies which is the net difference between the proceeds and the carrying value of the digital currency.³ The following represents the Revenue and related costs that comprise the gross mining margin. We include connectivity, security, data center maintenance, and electrical equipment maintenance. Electrical costs may vary quarter over quarter.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284123_4dc33d3a64b539ce_003full.jpg*Average revenue per BTC is for hashrate services operations only and excludes HPC operations.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5335/284123_4dc33d3a64b539ce_004full.jpg 4 References to annualized revenue and run-rate revenue are considered future-oriented financial information. Readers should be cautioned that this information is used by the Company only for the purpose of evaluating the merit of this line of its business operations and may not be appropriate for other purposes.Quarterly ATM Sales ReportFor the three-month period ended December 31, 2025, the Company issued 4,925,948 common shares (the "November 2025 ATM Shares") pursuant to the at-the-market offering commenced in November 2025 (the "November 2025 ATM Equity Program") for gross proceeds of C$22.0 million ($15.8 million). The November 2025 ATM Shares were sold at prevailing market prices, for an average price per November 2025 ATM Share of C$4.47. Pursuant to the November 2025 ATM Equity program, a cash commission of $153 thousand on the aggregate gross proceeds raised was paid to the sales agents in connection with its services under the November 2025 ATM Equity Program.About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking InformationExcept for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new sites in Paraguay and Toronto and their potential, the timing of it becoming operational; business goals and objectives of the Company, including its target hashrate milestones and the costs to achieve the milestones; the results of operations for the three and nine months ended December 31, 2025; the expected costs of maintaining and growing its operations; financial information related to annualized run rate; the acquisition, deployment and optimization of the hashrate fleet and equipment; the continued viability of its existing Bitcoin hashrate services operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our hashrate facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency hashrate assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of Tier-I hashrate services in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate Tier-I hashrate assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284123
Original: HIVE Delivers Record Q3 Revenue of $93.1 Million with $32.1 Million Gross Operating Margin, Up Over 6x Year-Over-Year
CA Market News
4 months ago
RETRANSMISSION: HIVE's BUZZ Signs $30 Million in AI Cloud Contracts, Accelerating Global HPC Tier-III Data Center ExpansionFebruary 13, 2026 6:00 AM
NewsfileThis 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. - February 13, 2026) - BUZZ High Performance Computing ("BUZZ"), the Canadian Tier-III high-performance computing ("HPC") data center platform of HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE" or the "Company"), today announced a major step forward in its AI cloud strategy, signing customer agreements representing approximately $30 million in total contract value over two-year fixed terms, subject to performance obligations and deployment milestones (all amounts in US dollars, unless otherwise indicated).Building on four years of experience operating GPU infrastructure, BUZZ is accelerating its expansion as HIVE's AI engine, complementing the Company's established Tier-I hashrate services provider and reinforcing its position as a twin-engine leader in next-generation digital infrastructure.The new contracts underpin the initial phase of BUZZ's AI-optimized GPU deployment at its Canada West location in Manitoba, with compute capacity expected to come online during the quarter ending March 31, 2026. The first phase consists of 504 liquid-cooled Dell server-based GPUs, purpose-built for high-performance AI and HPC workloads.Based on executed contracts, current pricing, and deployment schedules, management expects this initial phase to generate approximately $15 million in annual recurring revenue ("ARR") to BUZZ's cloud business once fully operational. Upon full deployment, management expects total annualized revenue attributable to HIVE's HPC segment, driven by BUZZ, to grow from approximately $20 million currently to roughly $35 million, reflecting strong contracted demand for BUZZ's AI cloud platform. These projections are subject to capital expenditures, operating costs, customer utilization levels, and other risk factors described herein, and actual results may vary.To support this growth, the Company expects to incur capital expenditures related to GPU acquisition, supporting electrical and cooling infrastructure, and working capital requirements. Operating expenses are expected to include power, hosting, maintenance, staffing, and network costs. BUZZ continues to expand capacity at its Canada West site in alignment with executed customer agreements.Management CommentaryFrank Holmes, Executive Chairman of HIVE, commented:"We are entering 2026 with strong momentum in our HPC and GPU cloud business. HIVE has built a track record as one of the longest-standing publicly traded crypto Tier-I data center operators, performing through multiple market cycles while protecting cash flow and balance sheet strength. Now, with BUZZ, we are leveraging that foundation to build a high-growth AI cloud platform spanning Canada, Sweden, and Paraguay.Tier-I data centers for hashrate services typically require approximately $1 million per megawatt of infrastructure, whereas Tier-III facilities supporting advanced GPU clusters can require materially higher capital intensity due to premium GPU hardware, redundant power architecture, and advanced cooling systems. Industry benchmarks suggest that constructing and equipping a comparable fully self-funded Tier-III facility with similar GPU capacity could require approximately $70 million in capital expenditures, depending on site conditions, financing structure, vendor pricing, and market dynamics.Through vendor financing arrangements for GPUs and strategic Tier-III data center partnerships, we are scaling efficiently while reducing upfront capital intensity compared to a fully self-funded build. Where HIVE owns land and buildings and operates its Tier-I facilities, we are pursuing selective Tier-III conversions and colocation strategies for HPC. This showcases our vertically integrated model and diversified revenue streams from both HPC colocation and GPU AI cloud services, reinforcing HIVE's dual-engine strategy of hashrate services and high-performance computing."Aydin Kilic, President and Chief Executive Officer of HIVE, added:"Our vision is to scale our HPC GPU AI cloud business toward approximately $140 million in ARR over the next year, subject to market conditions and successful infrastructure deployment. As we execute, this growth will be supported by continued investment in infrastructure and operations. In our previous earnings webcast, we outlined a target deployment of 2,000 AI-optimized GPUs at our Canada West facility this year. The initial 504-GPU deployment is already backed by executed customer agreements representing approximately $30 million in total contract value over two years, subject to performance obligations and deployment milestones.This is just the beginning. Demand for long-term access to high-performance, power-efficient AI compute continues to expand globally, and we are excited to further scale our GPU cloud business throughout 2026."Craig Tavares, President and Chief Operating Officer of BUZZ HPC, commented:"Canada requires more sovereign AI compute capacity, both to serve domestic workloads and to support global AI companies from a secure Canadian base. With Dell and Bell Canada as key partners, we are scaling GPU capacity with the infrastructure, connectivity, and resiliency needed to compete on a global stage.BUZZ was recently recognized by SemiAnalysis for having one of the fastest data center networks globally and earned a Bronze rating in their ClusterMAX report, validating our technical architecture and execution capabilities.Launching this cluster in Canada West marks a significant milestone. It expands BUZZ's national footprint and advances our vision of coast-to-coast AI infrastructure, with commercial-grade clusters operating at scale to serve both sovereign workloads and international demand. Under HIVE's dual-engine model, BUZZ is positioned to be a powerful growth catalyst as we accelerate into the global AI supercycle."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements regarding deployment timelines, projected annual recurring revenue, anticipated utilization, capital expenditures, operating costs, future GPU capacity, the Company's objective to scale its HPC GPU AI cloud business, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: delays in equipment delivery or commissioning, changes in customer demand, counterparty credit risk, fluctuations in power and operating costs, competitive pricing pressures, regulatory developments, capital availability, and geopolitical conditions, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283812
Original: RETRANSMISSION: HIVE's BUZZ Signs $30 Million in AI Cloud Contracts, Accelerating Global HPC Tier-III Data Center Expansion
CA Market News
4 months ago
HIVE's BUZZ Signs $30 Million in AI Cloud Contracts, Accelerating Global HPC Tier-III Data Center ExpansionFebruary 13, 2026 1:00 AM
NewsfileThis 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. - February 13, 2026) - BUZZ High Performance Computing ("BUZZ"), the Canadian Tier-III high-performance computing ("HPC") data center platform of HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) ("HIVE" or the "Company"), today announced a major step forward in its AI cloud strategy, signing customer agreements representing approximately $30 million in total contract value over two-year fixed terms, subject to performance obligations and deployment milestones (all amounts in US dollars, unless otherwise indicated).Building on four years of experience operating GPU infrastructure, BUZZ is accelerating its expansion as HIVE's AI engine, complementing the Company's established Tier-I hashrate services provider and reinforcing its position as a twin-engine leader in next-generation digital infrastructure.The new contracts underpin the initial phase of BUZZ's AI-optimized GPU deployment at its Canada West location in Manitoba, with compute capacity expected to come online during the quarter ending March 31, 2026. The first phase consists of 504 liquid-cooled Dell server-based GPUs, purpose-built for high-performance AI and HPC workloads.Based on executed contracts, current pricing, and deployment schedules, management expects this initial phase to generate approximately $15 million in annual recurring revenue ("ARR") to BUZZ's cloud business once fully operational. Upon full deployment, management expects total annualized revenue attributable to HIVE's HPC segment, driven by BUZZ, to grow from approximately $20 million currently to roughly $35 million, reflecting strong contracted demand for BUZZ's AI cloud platform. These projections are subject to capital expenditures, operating costs, customer utilization levels, and other risk factors described herein, and actual results may vary.To support this growth, the Company expects to incur capital expenditures related to GPU acquisition, supporting electrical and cooling infrastructure, and working capital requirements. Operating expenses are expected to include power, hosting, maintenance, staffing, and network costs. BUZZ continues to expand capacity at its Canada West site in alignment with executed customer agreements.Management CommentaryFrank Holmes, Executive Chairman of HIVE, commented:"We are entering 2026 with strong momentum in our HPC and GPU cloud business. HIVE has built a track record as one of the longest-standing publicly traded crypto Tier-I data center operators, performing through multiple market cycles while protecting cash flow and balance sheet strength. Now, with BUZZ, we are leveraging that foundation to build a high-growth AI cloud platform spanning Canada, Sweden, and Paraguay.Tier-I data centers for hashrate services typically require approximately $1 million per megawatt of infrastructure, whereas Tier-III facilities supporting advanced GPU clusters can require materially higher capital intensity due to premium GPU hardware, redundant power architecture, and advanced cooling systems. Industry benchmarks suggest that constructing and equipping a comparable fully self-funded Tier-III facility with similar GPU capacity could require approximately $70 million in capital expenditures, depending on site conditions, financing structure, vendor pricing, and market dynamics.Through vendor financing arrangements for GPUs and strategic Tier-III data center partnerships, we are scaling efficiently while reducing upfront capital intensity compared to a fully self-funded build. Where HIVE owns land and buildings and operates its Tier-I facilities, we are pursuing selective Tier-III conversions and colocation strategies for HPC. This showcases our vertically integrated model and diversified revenue streams from both HPC colocation and GPU AI cloud services, reinforcing HIVE's dual-engine strategy of hashrate services and high-performance computing."Aydin Kilic, President and Chief Executive Officer of HIVE, added:"Our vision is to scale our HPC GPU AI cloud business toward approximately $140 million in ARR over the next year, subject to market conditions and successful infrastructure deployment. As we execute, this growth will be supported by continued investment in infrastructure and operations. In our previous earnings webcast, we outlined a target deployment of 2,000 AI-optimized GPUs at our Canada West facility this year. The initial 504-GPU deployment is already backed by executed customer agreements representing approximately $30 million in total contract value over two years, subject to performance obligations and deployment milestones.This is just the beginning. Demand for long-term access to high-performance, power-efficient AI compute continues to expand globally, and we are excited to further scale our GPU cloud business throughout 2026."Craig Tavares, President and Chief Operating Officer of BUZZ HPC, commented:"Canada requires more sovereign AI compute capacity, both to serve domestic workloads and to support global AI companies from a secure Canadian base. With Dell and Bell Canada as key partners, we are scaling GPU capacity with the infrastructure, connectivity, and resiliency needed to compete on a global stage.BUZZ was recently recognized by SemiAnalysis for having one of the fastest data center networks globally and earned a Bronze rating in their ClusterMAX report, validating our technical architecture and execution capabilities.Launching this cluster in Canada West marks a significant milestone. It expands BUZZ's national footprint and advances our vision of coast-to-coast AI infrastructure, with commercial-grade clusters operating at scale to serve both sovereign workloads and international demand. Under HIVE's dual-engine model, BUZZ is positioned to be a powerful growth catalyst as we accelerate into the global AI supercycle."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements regarding deployment timelines, projected annual recurring revenue, anticipated utilization, capital expenditures, operating costs, future GPU capacity, the Company's objective to scale its HPC GPU AI cloud business, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: delays in equipment delivery or commissioning, changes in customer demand, counterparty credit risk, fluctuations in power and operating costs, competitive pricing pressures, regulatory developments, capital availability, and geopolitical conditions, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283811
Original: HIVE's BUZZ Signs $30 Million in AI Cloud Contracts, Accelerating Global HPC Tier-III Data Center Expansion
US Market News
4 months ago
RETRANSMISSION: HIVE Digital Technologies Achieves 290% Year-Over-Year Hashrate Growth, Strengthening Its Position as a Global Leader in Green-Powered Digital InfrastructureFebruary 5, 2026 6:00 AM
NewsfileThis 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. - February 5, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a diversified global leader in renewable-powered blockchain and AI infrastructure, today announced exceptional Bitcoin production results for January 2026, highlighted by 290% year-over-year hashrate growth, highly competitive fleet efficiency, and consistent performance across its Tier-1 and Tier-3 data centers worldwide (all amounts in US dollars, unless otherwise indicated).Built for Scale and ResilienceSince its founding in 2017, HIVE has built one of the most geographically diversified digital infrastructure platforms in the public Bitcoin mining sector. Operating across nine time zones, three continents, and five languages, the Company's teams in Canada, Sweden, and Paraguay coordinate around the clock to optimize uptime, energy efficiency, and production.This distributed operating model enabled HIVE to maintain steady performance through January's severe northern hemisphere cold fronts, while portions of the global mining network experienced curtailments. The Company continues to demonstrate consistent execution across 4-year Bitcoin halving cycles, bear markets, unwinding of Japanese carry trade that ignites selling in global capital markets, extreme cold weather events, and energy volatility.With HIVE's geographically decentralized operating model—spanning the northern and southern hemisphere—Company is pleased to note the high uptime, operational resilience, and production consistency in Paraguay, the flagship southern hemisphere operations for HIVE.January 2026 Production HighlightsBitcoin Produced: 297 BTC+191% year-over-year (102 BTC in January 2025), while Bitcoin mining difficulty increased 30% year-over-year for the month of JanuaryAverage Daily Production: 9.6 BTC/dayHashrate: Averaged 22.2 Exahash per Second ("EH/s"), peaking at 23.7 EH/s+290% year-over-year (5.7 EH/s in January 2025)Fleet Efficiency: 17.5 Joules per Terahash ("J/TH")BTC per EH/s: 13.4 BTCGlobal Bitcoin Network Share: Sustained above 2% of worldwide Bitcoin hashrateStrategic Execution and Responsible GrowthHIVE realized approximately $7.4 million in value through the cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, at an average value of approximately $102,000, including exercises done at $110,000 per Bitcoin; these cashless exercises have preserved treasury flexibility. Remaining pledge redemption timelines were extended, while securing Bitcoin downside protection, reflecting the Company's disciplined and risk-aware capital management strategy.The Company has no cash calls required to buy back Bitcoin under the pledge. Rather, the pledge provides Bitcoin downside protection, with potential upside realized through cashless exercise when Bitcoin is above the pledge strike price. Certain proceeds of the cashless exercises have been applied towards the purchase of 2,667 Bitmain S21 XP ASIC miners.These new air-cooled Bitmain S21 XP ASIC miners have been received in Paraguay and are being installed this week at Yguazú, upgrading and replacing legacy Buzzminer ASICs. Going forward, this is expected to increase HIVE's installed global hashrate to 25.5 EH/s and improve its global average fleet efficiency to 17 J/TH. These upgrades enhance operational efficiency, lower the cost per hash, and therefore improve operating margins.HIVE's total current operational capacity is 440 megawatts ("MW") of renewable-powered energy. Additionally, HIVE has another 100 MW of renewable contracted energy scheduled for deployment in calendar Q3 2026. As a result, HIVE will have a total portfolio of 540 MW of green energy. Although the Company previously disclosed that the additional 100 MW of capacity would be used to expand its EH/s, this new capacity also enhances the Company's ability to support potential future AI and high-performance computing workloads.Management Commentary"Our strength comes from our people and our disciplined execution," said Frank Holmes, Executive Chairman. "Teams operating across nine time zones work with shared purpose and precision, allowing us to scale efficiently and remain profitable through every market cycle. With 290% year-over-year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining the flexibility to navigate volatility while growing our business."Aydin Kilic, President & CEO, added: "Our operational performance reflects years of focused investment in renewable energy, high-efficiency hardware, and a decentralized global team. January's results validate our strategy and provide a strong foundation as we expand further into AI and high-performance computing infrastructure."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-1 and Tier-3 data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by Bitcoin mining and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's site in Yguazú, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; hash rash growth projections; business goals and objectives of the Company; the results of operations for January 2026; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the prospectivity of the BUZZ HPC operations and the ability of the Company to successfully expand the infrastructure and operate in this sector, the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the possibility of flaws in the implementation of the Paraguay build-out and energization; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; an inability to apply the Company's data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282815
Original: RETRANSMISSION: HIVE Digital Technologies Achieves 290% Year-Over-Year Hashrate Growth, Strengthening Its Position as a Global Leader in Green-Powered Digital Infrastructure
US Market News
4 months ago
HIVE Digital Technologies Achieves 290% Year-Over-Year Hashrate Growth, Strengthening Its Position as a Global Leader in Green-Powered Digital InfrastructureFebruary 5, 2026 1:00 AM
NewsfileThis 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. - February 5, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a diversified global leader in renewable-powered blockchain and AI infrastructure, today announced exceptional Bitcoin production results for January 2026, highlighted by 290% year-over-year hashrate growth, highly competitive fleet efficiency, and consistent performance across its Tier-1 and Tier-3 data centers worldwide (all amounts in US dollars, unless otherwise indicated).Built for Scale and ResilienceSince its founding in 2017, HIVE has built one of the most geographically diversified digital infrastructure platforms in the public Bitcoin mining sector. Operating across nine time zones, three continents, and five languages, the Company's teams in Canada, Sweden, and Paraguay coordinate around the clock to optimize uptime, energy efficiency, and production.This distributed operating model enabled HIVE to maintain steady performance through January's severe northern hemisphere cold fronts, while portions of the global mining network experienced curtailments. The Company continues to demonstrate consistent execution across 4-year Bitcoin halving cycles, bear markets, unwinding of Japanese carry trade that ignites selling in global capital markets, extreme cold weather events, and energy volatility.With HIVE's geographically decentralized operating model—spanning the northern and southern hemisphere—Company is pleased to note the high uptime, operational resilience, and production consistency in Paraguay, the flagship southern hemisphere operations for HIVE.January 2026 Production HighlightsBitcoin Produced: 297 BTC+191% year-over-year (102 BTC in January 2025), while Bitcoin mining difficulty increased 30% year-over-year for the month of JanuaryAverage Daily Production: 9.6 BTC/dayHashrate: Averaged 22.2 Exahash per Second ("EH/s"), peaking at 23.7 EH/s+290% year-over-year (5.7 EH/s in January 2025)Fleet Efficiency: 17.5 Joules per Terahash ("J/TH")BTC per EH/s: 13.4 BTCGlobal Bitcoin Network Share: Sustained above 2% of worldwide Bitcoin hashrateStrategic Execution and Responsible GrowthHIVE realized approximately $7.4 million in value through the cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, at an average value of approximately $102,000, including exercises done at $110,000 per Bitcoin; these cashless exercises have preserved treasury flexibility. Remaining pledge redemption timelines were extended, while securing Bitcoin downside protection, reflecting the Company's disciplined and risk-aware capital management strategy.The Company has no cash calls required to buy back Bitcoin under the pledge. Rather, the pledge provides Bitcoin downside protection, with potential upside realized through cashless exercise when Bitcoin is above the pledge strike price. Certain proceeds of the cashless exercises have been applied towards the purchase of 2,667 Bitmain S21 XP ASIC miners.These new air-cooled Bitmain S21 XP ASIC miners have been received in Paraguay and are being installed this week at Yguazú, upgrading and replacing legacy Buzzminer ASICs. Going forward, this is expected to increase HIVE's installed global hashrate to 25.5 EH/s and improve its global average fleet efficiency to 17 J/TH. These upgrades enhance operational efficiency, lower the cost per hash, and therefore improve operating margins.HIVE's total current operational capacity is 440 megawatts ("MW") of renewable-powered energy. Additionally, HIVE has another 100 MW of renewable contracted energy scheduled for deployment in calendar Q3 2026. As a result, HIVE will have a total portfolio of 540 MW of green energy. Although the Company previously disclosed that the additional 100 MW of capacity would be used to expand its EH/s, this new capacity also enhances the Company's ability to support potential future AI and high-performance computing workloads.Management Commentary"Our strength comes from our people and our disciplined execution," said Frank Holmes, Executive Chairman. "Teams operating across nine time zones work with shared purpose and precision, allowing us to scale efficiently and remain profitable through every market cycle. With 290% year-over-year growth and more than 2% of the global hashrate, HIVE continues to benefit from economies of scale while maintaining the flexibility to navigate volatility while growing our business."Aydin Kilic, President & CEO, added: "Our operational performance reflects years of focused investment in renewable energy, high-efficiency hardware, and a decentralized global team. January's results validate our strategy and provide a strong foundation as we expand further into AI and high-performance computing infrastructure."About HIVE Digital Technologies Ltd.Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-1 and Tier-3 data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by Bitcoin mining and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.For more information, visit hivedigitaltech.com, or connect with us on:X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchainOn Behalf of HIVE Digital Technologies Ltd."Frank Holmes"
Executive ChairmanFor further information, please contact:Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive ChairmanAydin Kilic, President & CEOTel: (604) 664-1078Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the construction of the Company's site in Yguazú, Paraguay and its potential specifications and performance upon completion, the timing of it becoming operational; hash rash growth projections; business goals and objectives of the Company; the results of operations for January 2026; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the prospectivity of the BUZZ HPC operations and the ability of the Company to successfully expand the infrastructure and operate in this sector, the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the possibility of flaws in the implementation of the Paraguay build-out and energization; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; an inability to apply the Company's data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events will occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282813
Original: HIVE Digital Technologies Achieves 290% Year-Over-Year Hashrate Growth, Strengthening Its Position as a Global Leader in Green-Powered Digital Infrastructure
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