Hive Digital Technologies Ltd announced a bought-deal basis to issue 5,000,000 special warrants at an issue price of CAD 5 per Special Warrant for aggregate gross proceeds of CAD 25,000,000 on December 19, 2023. Each Unit shall consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at a price of CAD 6.00 per Warrant Share for a period of 36 months following the closing of the Offering.

The closing of the Offering is anticipated to be on December 28, 2023. In consideration for their services, the Underwriters will receive a cash commission equal to 6% of the gross proceeds of the Offering plus 6% broker warrants. The completion of the Offering will be subject to receipt of all necessary regulatory and corporate approvals or consents.

The Special Warrants and the underlying Units (defined below) are subject to a statutory hold period of four months and one day in accordance with applicable securities laws