Mr. Aydin Kilic reports

HIVE DIGITAL TECHNOLOGIES COMPLETES ACQUISITION OF 7.2 MW TORONTO DATA CENTER TO FUEL BUZZ'S HPC AND AI EXPANSION IN CANADA

Hive Digital Technologies Ltd. has acquired a 7.2-megawatt data centre in Toronto, Canada, through its wholly owned subsidiary Buzz High Performance Computing.

The Toronto facility will be upgraded from Tier 1 to Tier 3 standards, significantly expanding Buzz's Canadian footprint and reinforcing its role as Hive's dedicated platform for high performance computing and artificial intelligence growth. This strategic acquisition positions Buzz to address the growing demand for AI, machine learning and enterprise cloud solutions with energy-efficient infrastructure.

The acquisition also complements Buzz's preferred partnership with Bell Canada, as announced on Aug. 19, 2025, further strengthening Hive's presence in the Canadian digital infrastructure market.

Frank Holmes, executive chairman of Hive, stated: "Buzz is driving our HPC and AI strategy forward, and this acquisition marks a pivotal step in expanding our Canadian data centre portfolio. By transforming former bitcoin mining facilities into Tier 3, AI-ready infrastructure, we are capitalizing on one of the most exciting opportunities in the digital economy. Hive's investment in Buzz underscores our commitment to leading this transformation."

Hive's dual-engine growth strategy:

• Bitcoin mining: achieved 18 exahashes per second on Sept. 2, 2025, with a fully financed plan to reach 25 exahashes per second by the end of 2025;
• High performance computing: scaling Buzz's Tier 3 data centres and deploying advanced GPU infrastructure to meet the demand for AI and HPC workloads.

Transaction details

In consideration for the acquisition, Hive paid to the vendor $12-million and issued one million common shares in the capital of the company at a deemed price of $5.25-million ($5.25 per Hive share) for an aggregate acquisition price of $17.25-million.

All of the Hive shares issued in connection with the acquisition are subject to a hold period of four months and one day from the date of issuance. The acquisition is subject to acceptance of the TSX Venture Exchange as an expedited acquisition in accordance with TSX Venture Exchange Policy 5.3 (Acquisitions and Dispositions of Non-Cash Assets). Each of the vendor and the principal is an arm's-length party to the company.

About Hive Digital Technologies Ltd.

Hive is a global pioneer in green digital infrastructure. Established in Canada in 2017 as the first TSX Venture Exchange-listed publicly traded crypto-miner powered by renewable energy, Hive has evolved into a diversified technology company with two core pillars: bitcoin mining and HPC through its Buzz HPC subsidiary.

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