Mr. Frank Holmes reports

HIVE PROVIDES RESULTS FROM SHAREHOLDER MEETING

All resolutions considered at Hive Digital Technologies Ltd.'s 2023 annual general and special meeting of shareholders held on Nov. 29, 2023, were approved by its shareholders.

Shareholders approve resolutions

The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

• The size of the board of directors of the company was set at four for the ensuing year.
• All director nominees were duly re-elected to the board. Accordingly, Hive's board still comprises Frank Holmes, Susan McGee, Marcus New and Dave Perrill. The directors will serve until Hive's next annual meeting of shareholders, or until their respective successors are elected or appointed, or they otherwise cease to hold office.
• Davidson & Company LLP was reappointed as the independent, external auditor of Hive for the ensuing year or until its successor is appointed, and the board was authorized to fix its remuneration.
• The company's amended incentive stock option plan was reapproved.
• The company's amended restricted share unit plan was reapproved.

The resolutions voted on at the meeting are described in more detail in Hive's management information circular, dated Oct. 23, 2023, which was mailed to shareholders and is available on the company's SEDAR+ profile.

Shareholder questions

Shareholders who have any questions or require assistance with voting may contact the company's proxy solicitation agent and shareholder communications adviser, Laurel Hill Advisory Group, at toll-free 1-877-452-7184 (for shareholders in North America) or international at 1-416-304-0211 (for shareholders outside Canada and the United States), or by e-mail at assistance@laurelhill.com.

About Hive Digital Technologies Ltd.

Hive went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus.

Hive is a growth-oriented technology stock in the emergent blockchain industry. As a company with shares trading on a major stock exchange, Hive is building a bridge between the digital currency and blockchain sector and traditional capital markets. Hive owns state-of-the-art, green-energy-powered data centre facilities in Canada, Sweden and Iceland, where the company endeavours to source green energy to mine digital assets such as bitcoin (BTC) on the cloud. Since the beginning of 2021, Hive has held in secure storage the majority of its treasury of ETH (ethereum) and BTC derived from mining rewards. The company's shares provide investors with exposure to the operating margins of digital currency mining as well as a portfolio of bitcoin. Because Hive also owns hard assets such as data centres and advanced multiuse servers, it believes its shares offer investors an attractive way to gain exposure to the cryptocurrency space.