Mr. Aydin Kilic reports

HIVE DIGITAL TECHNOLOGIES CELEBRATES RECORD 9.5 EH/S MILESTONE, DRIVING SHAREHOLDER VALUE ON PATH TO 25 EH/S BY 2025

Hive Digital Technologies Ltd. has reached a new all-time high of 9.5 exahashes per second in bitcoin mining hash rate. This achievement positions Hive above 1 per cent of the global bitcoin network and marks a pivotal milestone in a transformative journey dedicated to delivering long-term value for shareholders while advancing toward an ambitious 25 EH/s goal by the end of 2025.

A journey of milestones for shareholders

Hive's ascent to 9.5 EH/s reflects a series of strategic victories that underscore its commitment to growth and sustainability. From energizing its first 100-megawatt hydro-powered data centre in Yguazu, Paraguay, to surpassing 1 per cent of the global bitcoin network's hash rate, Hive's team has exceeded expectations. This milestone translates to mining over 4.5 bitcoin daily, capturing a meaningful share of the network's rewards and reinforcing Hive's position as a top-tier player in the blockchain ecosystem.

The company's progress is driven by a clear vision: to scale responsibly while maximizing shareholder returns. By leveraging 100 per cent renewable energy and state-of-the-art technology, Hive is building a foundation for sustained growth. The recent acceleration in hash rate, adding roughly one EH/s weekly, surpassing earlier projections, demonstrates the team's operational excellence and dedication to delivering results.

Building momentum for the future

Achievable, value-driven milestones mark Hive's road map. By June, 2025, the company expects to reach 11.5 EH/s, completing the first phase of its expansion with enhanced energy efficiency. This progress is fuelled by continuing deployments at the Yguazu facility, where new bitcoin mining equipment is being installed to boost capacity.

Looking ahead, Hive is preparing to launch a second 100-megawatt facility in Yguazu by summer 2025, targeting 18 EH/s and aiming to capture 2 per cent of the global network. The journey will culminate with a third 100-megawatt campus in Valenzuela, Paraguay, set to drive Hive to its 25 EH/s target by fourth quarter 2025. Each step forward strengthens Hive's competitive edge, ensuring greater efficiency and profitability for shareholders.

Leadership perspectives

Frank Holmes, co-founder and executive chairman of Hive, stated: "Our journey is about creating lasting value for our shareholders. The team, led by country president Gabriel Lamas in Paraguay, has outperformed expectations, scaling our operations at an unprecedented pace. These milestones are not just numbers -- they represent our commitment to building a sustainable, high-growth company. We're setting the stage for an extraordinary 2025."

Aydin Kilic, president and chief executive officer of Hive, added: "Hitting 9.5 EH/s is a testament to our strategic focus and execution. We're mining a significant share of bitcoin's daily rewards, and our growth trajectory positions us to double our network share by the end of summer. For our shareholders, this means a stronger, more resilient Hive, ready to thrive in a dynamic market."

About Hive Digital Technologies Ltd.

Hive is a sustainability-driven leader in digital infrastructure, mining bitcoin using 100 per cent renewable energy. Operating data centres across Canada, Sweden and Paraguay in nine time zones and five languages, Hive is dedicated to advancing the blockchain ecosystem while strategically managing digital assets to deliver long-term shareholder value.

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