HIVE Digital Technologies Announces the Acquisition of 7.2 MW Toronto Data Center for Future BUZZ HPC and Sovereign AI Development

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 23, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ("HIVE" or the "Company"), a global leader in sustainable digital infrastructure, is pleased to announce the signing of a purchase and sale agreement to acquire a facility and its property with a total installed capacity of approximately 7.2 megawatts, located in Toronto, Canada. This strategic move marks a significant milestone in HIVE's mission to scale high-performance computing ("HPC") infrastructure and accelerate the development of a sovereign Canadian AI ecosystem through its wholly owned subsidiary, BUZZ High Performance Computing Inc. ("BUZZ HPC").

Situated in Canada's largest tech hub, this facility will serve as a foundational pillar for BUZZ HPC's next phase of growth. The acquisition will enable BUZZ HPC to deploy highly dense, liquid-cooled advanced compute infrastructure to support sovereign workloads, including large-scale AI training, inference, and cloud services tailored for Canadian enterprises, government initiatives, and AI innovators.

"This acquisition positions BUZZ HPC at the forefront of Canada's digital infrastructure evolution," said Craig Tavares, President and COO of BUZZ HPC. "Toronto is not only the largest city in Canada, but also the country's most important center for higher education, AI research, and dense fiber optic connectivity. With the explosion of demand for HPC and AI compute capacity, this Toronto site gives us a critical footprint to develop a sovereign AI data center — owned and operated in Canada by a Canadian public company — ensuring data residency, security, and national innovation leadership."

The Toronto data center provides a strategic platform to support HIVE's long-term vision of building Canada's next-generation compute infrastructure. As the world witnesses an Olympics-style competition to build sovereign data centers to meet the epic growth in AI — as seen and reported by OpenAI's hyper-growth to a $10 billion run rate in just a couple of years and over 400 million active users — HIVE is proud to contribute to a future where Canadian data, AI models, and intellectual property can be developed and hosted on Canadian soil.