On May 14, 2025, HIVE Digital Technologies Ltd., a Vancouver-based blockchain and high-performance computing firm, filed a prospectus supplement to its January 19, 2024 base shelf prospectus, qualifying an at-the-market (ATM) offering of up to US$119,226,903 (approximately C$162 million) in common shares. The shares may be sold from time to time through registered marketplaces, including the Nasdaq Capital Market and TSX Venture Exchange, under an amended and restated equity distribution agreement.

Proceeds from the offering will be used for general corporate purposes, including funding operations, acquisitions, capital projects, debt repayment, and working capital. The ATM format offers HIVE flexible access to capital aligned with market conditions.

The agents include Keefe, Bruyette & Woods, Inc., Canaccord Genuity LLC, B. Riley Securities, Inc., and Northland Securities, Inc. (U.S. Agents), and Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and Roth Canada, Inc. (Canadian Agents). Legal counsel to HIVE comprises Peterson McVicar LLP (Canada) and Kavinoky Cook LLP (U.S.), while the agents are represented by Skadden, Arps, Slate, Meagher & Flom LLP (U.S.) and Wildeboer Dellelce LLP (Canada). Both Peterson McVicar LLP and Wildeboer Dellelce LLP disclosed that their partners and associates beneficially own less than 1% of any class of HIVE’s securities.