Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the company includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]

Core Viewpoint - HIVE Digital Technologies Ltd. has received a recommendation from independent proxy advisory firm Institutional Shareholder Services (ISS) for shareholders to vote "FOR" all resolutions at the upcoming Annual General and Special Meeting scheduled for March 5, 2026 [1][3]. Company Overview - HIVE Digital Technologies Ltd. is the first publicly listed company focused on mining digital assets using green energy. The company operates next-generation Tier-I and Tier-III data centers in Canada, Sweden, and Paraguay, catering to Bitcoin and high-performance computing clients [7]. Shareholder Voting Information - The Board of Directors of HIVE encourages shareholders to vote "FOR" all resolutions [4]. - The proxy voting deadline is set for 11:00 a.m. (Pacific Time) on March 3, 2026, and shareholders are urged to vote early to ensure their votes are counted [5][9]. - Eligible shareholders are those recorded as of the close of business on January 16, 2026 [5]. Proxy Advisory Firm Details - ISS, the independent proxy advisory firm, serves approximately 3,400 clients, including many leading institutional investors, providing objective analysis for voting decisions [2]. Communication and Assistance - Shareholders with questions regarding the voting process can contact HIVE's proxy solicitation agent or reach out to Laurel Hill Advisory Group for assistance [9].

Core Viewpoint - HIVE Digital Technologies Ltd. has received a recommendation from independent proxy advisory firms, including Institutional Shareholder Services (ISS), to vote "FOR" all resolutions at the upcoming Annual General and Special Meeting of Shareholders on March 5, 2026 [1][3]. Company Overview - HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy, operating next-generation data centers across Canada, Sweden, and Paraguay [7]. - The company serves both Bitcoin and high-performance computing clients, providing scalable and environmentally responsible solutions for the digital economy [7]. Shareholder Voting Information - The Board of Directors of HIVE recommends that shareholders vote "FOR" all resolutions [4]. - The proxy voting deadline is set for 11:00 a.m. (Pacific Time) on March 3, 2026, and shareholders are encouraged to vote in advance [5][9]. - Shareholders of record as of January 16, 2026, are eligible to vote at the meeting [5]. Proxy Advisory Firm Details - ISS, an independent proxy advisory firm, has approximately 3,400 clients, including many leading institutional investors who rely on its analysis for voting decisions [2].

HIVE Digital Technologies (Nasdaq: HIVE), the Bitcoin mining giant, announced its financial results for the third quarter ended Dec. 31, 2025, on Feb. 17. The company registered a record revenue of $93.1 million in the third quarter of 2025, a growth of 219% year-over-year (YoY). Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $5.7 million. It generated a digital currency hashrate revenue of $88.2 million during the quarter. The hashrate revenue was achieved at ...

Financial Data and Key Metrics Changes - The company reported a record revenue of $93 million for the quarter, with a gross operating margin of $32 million, despite a net loss of $91 million primarily due to non-cash charges [44][45] - Adjusted EBITDA for the quarter was $5.7 million, with an annualized revenue run rate of $385 million [45] - The company ended the quarter with 481 Bitcoin in treasury, having mined 879 Bitcoin during the period [45] Business Line Data and Key Metrics Changes - The Bitcoin mining segment achieved approximately 10 Bitcoin mined per day, contributing to an annualized revenue of $350 million [51][60] - The HPC (High-Performance Computing) business reported a significant increase, with a target of $35 million ARR by the end of the current quarter, up from $20 million [48][49] - The Buzz cloud segment generated $5 million in revenue for the quarter, on track to reach a target of $20 million ARR [48] Market Data and Key Metrics Changes - The company operates with 440 MW of capacity globally, with an additional 100 MW expected to come online [46][61] - The company has seen a 70% increase in HPC ARR, driven by new contracts and market demand [48][49] Company Strategy and Development Direction - The company is focused on a conservative growth strategy, avoiding excessive debt while expanding its GPU cloud revenue to $140 million annually [27][28] - The company aims to build out Tier-I and Tier-III data centers in Paraguay, positioning itself as a major player in the region [34][60] - The strategy includes a dynamic HODL approach to Bitcoin management, allowing the company to realize value from its Bitcoin holdings without cash calls [52][63] Management's Comments on Operating Environment and Future Outlook - Management highlighted the volatility in the crypto market, referencing significant events that impacted Bitcoin prices and the overall ecosystem [3][10] - The company remains optimistic about future growth, particularly in the HPC and GPU cloud sectors, citing strong market demand and strategic partnerships [34][49] - Management emphasized the importance of geographic diversification, noting that operations in Paraguay benefited from favorable conditions during colder months in Canada [46] Other Important Information - The company has secured a two-year contract for NVIDIA GPUs, which will enhance its HPC capabilities and revenue potential [48][49] - The company is actively managing its energy consumption and operational efficiency, with a focus on reducing costs per terahash [63] Q&A Session Summary Question: What is the outlook for the company's growth in the HPC sector? - Management indicated a strong growth trajectory, with expectations to reach $225 million ARR in the HPC business by the end of the year, driven by new contracts and market demand [48][49] Question: How does the company manage its Bitcoin holdings? - The company employs a dynamic HODL strategy, allowing it to realize value from Bitcoin without cash obligations, effectively managing risk in a volatile market [52][63]

Financial Data and Key Metrics Changes - The company reported a record revenue of $93 million for the quarter, with a gross operating margin of $32 million, despite a net loss of $91 million primarily due to non-cash charges [45][46] - Adjusted EBITDA for the quarter was $5.7 million, with an annualized revenue run rate of $385 million [46] - The company ended the quarter with 481 Bitcoin in treasury, having mined 879 Bitcoin during the period [46] Business Line Data and Key Metrics Changes - The Bitcoin mining segment achieved approximately 10 Bitcoin mined per day, contributing to an annualized revenue of $350 million [52][60] - The HPC (High-Performance Computing) business saw a significant increase, with a projected annual recurring revenue (ARR) of $35 million by the end of the current quarter, up from $20 million [49][50] - The Buzz cloud segment generated $5 million in revenue for the quarter, on track to reach a target of $20 million ARR [49] Market Data and Key Metrics Changes - The company operates with 440 megawatts of capacity globally, with an additional 100 megawatts expected to come online [47][62] - The company has diversified its operations geographically, with Paraguay performing nearly at 100% uptime during the colder months in Canada [47] Company Strategy and Development Direction - The company is focused on a conservative growth strategy, avoiding excessive debt while expanding its operations in Paraguay and Canada [28][45] - The company aims to build out Tier 1 and Tier 3 data centers, capitalizing on the growing demand for HPC and GPU cloud services [35][62] - The company has secured a two-year contract for NVIDIA Blackwell GPUs, enhancing its HPC capabilities [50] Management's Comments on Operating Environment and Future Outlook - Management highlighted the volatility in the crypto market, referencing a significant flash crash that impacted Bitcoin prices and the broader ecosystem [9][67] - The company remains optimistic about future growth, particularly in the HPC sector, and believes it is at an inflection point for accumulation rather than capitulation [27] - Management emphasized the importance of maintaining a strong balance sheet and prudent financial management in navigating market challenges [28][64] Other Important Information - The company realized $14 million in value from a dynamic HODL strategy involving Bitcoin pledges, which allowed for the acquisition of new ASIC miners [53][64] - The company is positioned as a significant player in the AI infrastructure build-out in Latin America, particularly in Paraguay [43][61] Q&A Session Summary Question: What is the outlook for the HPC business? - The HPC business is projected to reach $35 million ARR by the end of the current quarter, with strong market demand driving growth [50] Question: How is the company managing its Bitcoin holdings? - The company has a dynamic treasury management strategy that allows it to realize value from Bitcoin pledges without cash calls, providing downside protection [65][64] Question: What are the implications of the recent market volatility? - Management noted that the recent volatility has created opportunities for accumulation, and the company is well-positioned to capitalize on future market recoveries [27][67]

HIVE Digital Technologies (NasdaqCM:HIVE) Q3 2026 Earnings call February 17, 2026 08:00 AM ET Speaker4Hello, and welcome to today's webcast on HIVE Digital Technologies financial results for the quarter ended December 31, 2025. My name is Nathan Fast, Director of Marketing and Branding at HIVE. I'll be your moderator for today's call. Before we get started on slide 2, would like to briefly note the disclosures for today's presentation. Except for statements of historical facts, this presentation contains fo ...

Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized as a forward-looking technology adopter, utilizing automation and software tools, including generative AI, to enhance workflows [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Q3 F2026 Results Webcast Quarter Ended December 31, 2025 Disclosures In this presentation, "HIVE" or the "Company" refers to HIVE Digital Technologies Ltd (TSX.V: HIVE | NASDAQ: HIVE). Currency: All amounts are in US dollars, unless otherwise indicated. Forward Looking Information. Except for the statements of historical fact, this presentation contains "forward-looking information" within the meaning of applicable Canadian and U.S. securities regulations. These forward- looking statements are based on expe ...

| | Page | | --- | --- | | Condensed Interim Consolidated Statements of Financial Position | 1 | | Condensed Interim Consolidated Statements of Income and Comprehensive Income | 2 | | Condensed Interim Consolidated Statements of Changes in Equity | 3-4 | | Condensed Interim Consolidated Statements of Cash Flows | 5 | | Notes to the Condensed Interim Consolidated Financial Statements | 6-34 | HIVE Digital Technologies Ltd. Condensed Interim Consolidated Statements of Financial Position (expressed in thousand ...