Mr. Frank Holmes reports

HIVE DIGITAL ANNOUNCES UP-LISTING TO TSX AND PROVIDES CORPORATE UPDATE

Hive Digital Technologies Ltd. has received final approval for the listing of its common shares on the Toronto Stock Exchange.

The company's common shares will commence trading on the TSX effective market open on May 12, 2026. There will be no further trading under the symbol HIVE on TSX Venture Exchange after the close of May 11, 2026, and the company's shares will be delisted from TSX at the commencement of trading on the TSX.

The common shares will continue trading under the symbol HIVE on both the Nasdaq Stock Market and the TSX. No further action is required by Hive shareholders.

Quarterly ATM (at-the-market) sales report

For the three-month period ended March 31, 2026, the company issued 14,983,561 common shares (the November, 2025, ATM shares) pursuant to the at-the-market offering commenced in November, 2025, for gross proceeds of $56.5-million (Canadian) ($41.1-million (U.S.)). The November, 2025, ATM shares were sold at prevailing market prices, for an average price per November, 2025, ATM share of $3.77 (Canadian). Pursuant to the November, 2025, ATM equity program, a cash commission of $1.2-million on the aggregate gross proceeds raised was paid to the sales agents in connection with their services under the November, 2025, ATM equity program.

About Hive Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies 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 centres across Canada, Sweden and Paraguay, serving both bitcoin and high-performance computing clients. Hive's twin-turbo engine infrastructure -- driven by hash rate services and GPU-accelerated (graphics processing unit) AI (artificial intelligence) computing -- delivers scalable, environmentally responsible solutions for the digital economy.

We seek Safe Harbor.