HIVE Digital Technologies filed a prospectus supplement dated November 25, 2025, qualifying an at-the-market distribution of up to US$300,000,000 (C$423,240,000). The company may sell Offered Shares through U.S. and Canadian agents under an equity distribution agreement; agent compensation is up to 3.0% of gross sales. Sales will occur at prevailing market prices, there is no minimum raise, and Nasdaq listing and conditional TSXV listing remain subject to meeting exchange requirements.

The supplement incorporates recent corporate and financing disclosures: prior ATM programs generated gross proceeds of US$181,000,000 (C$255,354,800) and US$119,200,000 (C$168,167,360). The filing also details the Yguazú facility acquisition from Bitfarms—US$25,000,000 paid at closing (C$35,270,000), US$31,000,000 payable in instalments (C$43,734,800) and approximately US$7,500,000 of additional payments (C$10,581,000). Separately, HIVE paid C$12,000,000 and issued 1,000,000 shares deemed C$5,250,000 (aggregate C$17,250,000) to acquire the Toronto facility. The prospectus reports operational metrics (installed hashrate, site capacities, GPU/HPC initiatives), forward-looking projections and a comprehensive “Risk Factors” discussion.

Legal counsel for HIVE are Peterson McVicar LLP and Kavinoky Cook LLP; counsel to the agents are Skadden, Arps, Slate, Meagher & Flom LLP and Wildeboer Dellelce LLP.