RETRANSMISSION: HIVE Digital Technologies Targets 35 EH/s in 2026 with Newly Signed 100 MW Hydroelectric Expansion in Paraguay and a 5x Growth in HPC and AI Operations Through Strategic Partnerships with Bell Canada

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 21, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified leader in sustainable blockchain and artificial intelligence ("AI") infrastructure, today announced it has signed a definitive agreement to develop an additional 100 megawatt ("MW") hydroelectric-powered data-center campus at its Yguazú site in Paraguay.

This Phase 3 expansion will increase HIVE's total renewable capacity in Paraguay to 400 MW. Management expects this addition, also powered by renewable hydroelectric energy from the Itaipú Dam, to be the largest facility of its kind in Paraguay, and to increase HIVE's global Bitcoin target to 35 Exahash per second ("EH/s") for 2026.

Strategic Expansion in Paraguay

Phase 3 follows the successful completion of Phase 1 (April 2025) and Phase 2 (September 2025), bringing Yguazú to its designed 300 MW capacity powered by clean hydro electricity from the Itaipú Dam.

With civil and electrical infrastructure already engineered for 300 MW, construction of Phase 3 will begin in early 2026, with full commissioning targeted for Q3 2026. Once complete, HIVE's total renewable infrastructure footprint will reach 540 MW across three countries-400 MW in Paraguay and 140 MW across Canada and Sweden.

Frank Holmes, HIVE's Executive Chairman, commented: "Our expansion in Paraguay reinforces HIVE's long-term vision: scaling sustainable, low-cost digital infrastructure powered entirely by renewable energy. Operating across nine time zones, five languages, and three nations, HIVE continues to execute with efficiency, innovation, and first-mover advantage. We've scaled Bitcoin mining from 6 EH/s at the start of the year to nearly 22 EH/s today, on track to reach 25 EH/s by year-end. With the advent of next generation ASIC miners, this additional 100 MW provides a path to a potential 35 EH/s in 2026-a milestone that reflects both our operational excellence and our global growth ambition."

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