HIVE Blockchain TechnologiesNASDAQ: HIVE

This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023. Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd.

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a pioneer in green energy-powered blockchain infrastructure, is pleased to announce it will release its financial results for the fiscal year ended March 31, 2024, on Monday, June 24, 2024 after the market closes.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has made significant strides in the cryptocurrency mining sector, as executive chairman Frank Holmes recently shared in an exclusive interview with Proactive. Highlighting the company's performance in May 2024, Holmes discussed Hive's achievement of mining 119 Bitcoin during the month, marking a 3% increase in its Bitcoin holdings to a total of 2,451 BTC.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chair Frank Holmes told investors the company had successfully navigated the recent ‘Bitcoin Halving' event, which was its second. The ‘halving' is a hard-coded feature of Bitcoin that occurs approximately every four years (strictly speaking it happens after every 210,000 new bitcoin blocks are created).

JPMorgan Chase & Co's CEO Jamie Dimon, known for his skepticism towards cryptocurrencies, has analysts at the firm who are optimistic about the current state of the bitcoin mining market. The price of bitcoin has dropped recently, coinciding with the upcoming Halving event where the distribution rate of bitcoin will be halved as part of a four-year cycle.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has strategically increased its Bitcoin holdings in March to about $160 million worth ahead of the coin's halving event later this month. The Bitcoin miner said it upped its Bitcoin holdings by 10% to finish the month with 2,287 Bitcoin on its balance sheet.

Toronto-listed bitcoin miner and data center operator HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd is hitting the road in April to attend two major industry events in Paris and London. At Paris Blockchain Week, scheduled for April 9-11, HIVE aims to engage with professionals in the artificial intelligence and Web3 sectors.

Riot Platforms (RIOT), Stronghold (SDIG) and HIVE Digital (HIVE) are three Bitcoin mining stocks that must be tracked as the scheduled April halving approaches.