HIVE Digital Technologies

Canaccord Genuity Acts as Joint Bookrunner and Co-Lead Underwriter to HIVE Digital Technologies Ltd. on its C$28.8 Million Bought Deal Offering of Special Warrants

Canaccord Genuity is pleased to announce that on December 28, 2023, HIVE Digital Technologies Ltd. (TSXV:HIVE | NASDAQ:HIVE) ("HIVE" or the "Company") closed its previously announced bought deal offering (the “Offering”) of 5,750,000 special warrants at a price of C$5.00 per special warrant for total gross proceeds of approximately C$28.8 million, which included full exercise of the over-allotment option. The Offering was conducted through a private placement on a bought deal underwritten basis. The Company anticipates the net proceeds of the Offering will be used to support the growth of its Bitcoin mining footprint, as well as for working capital and general corporate purposes. HIVE also anticipates being able to “HODL” all its Bitcoin until the upcoming Halving.

HIVE is a growth oriented blockchain company that owns ASIC and GPU-based digital currency mining facilities in Canada, Iceland, and Sweden; all are powered by green energy. Since the beginning of 2021, the Company has held the majority of its treasury ETH and BTC in secure storage derived from mining rewards. HIVE shares provide investors with an attractive way to gain exposure in the cryptocurrency space through hard assets such as data centers and advanced multi-use servers, operating margins of digital currency mining, and a portfolio of Bitcoin.

Canaccord Genuity acted as Joint Bookrunner and Co-Lead Underwriter for the Offering.