RETRANSMISSION: HIVE Digital Technologies Surpasses 11 EH/s Bitcoin Hashrate Milestone as 100 MW Phase 1 in Paraguay Completed Ahead of Schedule - Company on Track to Reach 25 EH/s by Thanksgiving

This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.

San Antonio, Texas--(Newsfile Corp. - June 20, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, is pleased to announce it has surpassed 11 Exahash per second (EH/s) of global Bitcoin mining hashrate, achieving an operational hashrate of 11.4 EH/s. This milestone marks the early and successful completion of Phase 1 (100 MW) of HIVE's Yguazú site in Paraguay - a pivotal step in its mission to scale to 25 EH/s by American Thanksgiving 2025.

Over the past five weeks, HIVE has steadily increased its installed hashrate by approximately 1 EH/s per week, reaching 11 EH/s last week. The Company has since grown to 11.5 EH/s and expects to maintain this level under typical operating conditions. As summer temperatures rise across HIVE's Canadian data centers, minor fluctuations in daily hashrate are expected as the Company optimizes ASIC performance for seasonal conditions.

A Strategic, Sustainable Expansion

HIVE's expansion into Paraguay reflects its long-term vision of harnessing low-cost, 100% renewable hydroelectricity in nations aligned with U.S. interests and committed to sustainable growth. The Company has fully funded its expansion and is making significant progress with Phase 2 of its Paraguay build-out. New Bitmain S21+ Hydro ASICs have arrived and are being prepared for deployment in state-of-the-art hydro containers, with an expected ramp-up to 18 EH/s by late summer.

Photo: Momentum builds as HIVE prepares to launch its second 100 MW facility in Yguazú.

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Delivering Value for Stakeholders and Communities Alike

HIVE's investment in Paraguay goes beyond digital infrastructure - it's an investment in communities. In partnership with local authorities, HIVE has:

• Created hundreds of construction jobs, supporting the expansion of Paraguay's electrical grid infrastructure.
• Funded and implemented the installation of air conditioning units in junior schools, providing a better learning environment for children.
• Supported the installation of new night lighting across the streets of Valenzuela, enhancing public safety and quality of life.
• Committed to long-term economic benefits by paying for energy in U.S. dollars, reinforcing the local currency and promoting economic stability.