HIVE Digital Technologies September Bitcoin Production at 267 BTC, Climbs 8% MoM and 138% YoY, Surpassing 21 EH/s and Now Producing 9 BTC Per Day

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. - October 6, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is pleased to report its September 2025 production figures and provide an update on the commissioning of its Phase 3 Valenzuela facility.

September 2025 Production Highlights

• Bitcoin Produced: 267 BTC (up 8% month-over-month from 247 BTC in August 2025, and up 138% year-over-year from 112 BTC in September 2024)

• Average Daily Production: 9 BTC/day

• Hashrate: Averaged 19.4 exahash per second ("EH/s"), with a peak of 21.7 EH/s

• Fleet Efficiency: 18 joules per Terahash ("J/TH")

• BTC per EH/s: 13.8 BTC

Phase 3 Valenzuela Commissioning Ahead of Schedule

HIVE's 100 MW Phase 3 Valenzuela build is nearing completion. Civil works are concluded, hydro containers are installed, and the control center is live. The focus has now shifted to energizing ASICs, with new units being steadily integrated into production.

• Hashrate Growth: HIVE's average hashrate rose 19% month-over-month, from 16.3 EH/s in August to 19.4 EH/s in September.

• Network Outperformance: This growth outpaced the 16% increase in Bitcoin network difficulty (from 130 trillion to 151 trillion ("T")). These figures are publicly verifiable through Bitcoin block explorers.

• Record Production: Despite consecutive all-time high Bitcoin network difficulty, HIVE mined 267 BTC in September - a year-to-date high - underscoring its operational strength.

Figure 1: Aerial view of HIVE's 100 MW Phase 3 build nearing completion.

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As of today, HIVE's global Bitcoin mining fleet totals 21.8 EH/s, powered entirely by renewable hydroelectric energy. With additional ASICs scheduled to come online in October, HIVE remains on track to scale to 25 EH/s by U.S. Thanksgiving, at an average efficiency of approximately 17.5 J/TH.