RETRANSMISSION: HIVE Digital Technologies Reaches 2% of Global Bitcoin Network, Mining 9 BTC Daily and Surpassing 20 EH/s

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. - September 24, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, today announced it has exceeded 20 Exahash per second ("EH/s") of global Bitcoin mining capacity following the continued successful deployment of ASICs at its Phase 3 Valenzuela facility in Paraguay.

Phase 3 represents HIVE's third 100 megawatt ("MW") development of green energy infrastructure in Paraguay, powered by hydroelectric energy from the Itaipu Dam, reinforcing the Company's commitment to sustainable Bitcoin mining. With a year-to-date hashrate increase of approximately 233%, HIVE is now mining 9 Bitcoin per day at a global fleet efficiency of 18 Joules per Terahash ("J/TH"), achieving a mining margin* of 55% after electricity costs. This represents approximately 2% of the Bitcoin network, based on the current difficulty of 142 trillion, with all figures publicly verifiable through Bitcoin block explorers.

With Phase 3 construction now substantially complete, and installations progressing ahead of schedule, HIVE achieved the 19 EH/s target, with the latest additions bringing HIVE's global fleet to 20 EH/s, marking a key milestone in the Company's roadmap toward its target of 25 EH/s by U.S. Thanksgiving.

Upon completion of Phase 3, HIVE anticipates reaching daily Bitcoin production of approximately 12 BTC, based on current network difficulty. At that scale, HIVE expects to be operating at an efficiency of approximately 17.5 J/TH.

Figure 1: Interior of a newly energized Bitmain S21+ Hydro container, adding high-efficiency hashrate to HIVE's Phase 3 expansion.

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Management Commentary

Frank Holmes, Co-Founder and Executive Chairman, commented: "I am deeply proud of the drive and resilience our team has shown as we scale HIVE's global green energy operations ahead of schedule. We are gaining strong momentum across our dual engines of Bitcoin mining and AI cloud computing, two transformative forces that complement and strengthen each other. With a Navy SEAL mindset, our teams are moving forward with focus and determination across nine time zones and three continents. Also, we have hired 40 young engineers to help manage our facilities."