HIVE · HIVE Digital Technologies Ltd.

HIVE Digital Technologies filed this Form 8-K to report multiple material events. First, on June 16, 2026, the company amended its existing Equity Distribution Agreement, increasing the total aggregate offering amount of common shares to US$300,000,000. A prospectus supplement was filed on June 17, 2026, covering the remaining $214,696,023. The agreement involves several major underwriters and allows for at-the-market sales with up to 3.0% compensation. This provides HIVE with flexible financing capacity for its growth initiatives.

On June 18, 2026, HIVE's subsidiary BUZZ HPC announced a landmark sovereign AI infrastructure contract with Bell Canada and Cohere Inc. The three-year GPU cloud contract is valued at approximately USD $220 million. BUZZ HPC will deploy 2,304 NVIDIA Grace Blackwell GPUs in Bell's facility in Merritt, British Columbia, using renewable energy. This deal strengthens HIVE's position in the AI compute market and is expected to add about $70 million in annual recurring revenue.

Also on June 18, 2026, HIVE announced that the Boden Municipal Council approved the acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB. This facility has anchored HIVE's Swedish operations since 2018. The company plans to advance it to Tier III infrastructure standards for AI workloads. This acquisition underscores HIVE's long-term commitment to Sweden.

On June 22, 2026, HIVE issued a press release regarding a successful research project with Columbia University. The study, submitted to NeurIPS, showed that HIVE's A40 GPUs in Paraguay matched the performance of H100s after normalization. This validates the company's AI infrastructure in Paraguay. Additionally, the 100 MW Yguazú substation is expected to be energized in September 2026, with a new Tier-III data center to follow. These developments collectively represent a significant expansion of HIVE's AI and high-performance computing capabilities across multiple geographies.