STOCK TITAN

HIVE Digital Announces Up-Listing to TSX and Provides Corporate Update

(Neutral)
Tags
crypto

HIVE Digital (TSX/HIVE, NASDAQ: HIVE) received final approval to list its common shares on the Toronto Stock Exchange, with trading to commence at market open on May 12, 2026. Shares will cease trading on TSX Venture after close on May 11, 2026 and will be delisted from TSX Venture at TSX open.

For Q1 2026, the company issued 14,983,561 shares under its November 2025 ATM Equity Program, raising gross proceeds of C$56.5 million ($41.1 million) at an average price of C$3.77 per share and paying $1.2 million in commissions.

Loading...
Loading translation...

Positive

  • TSX listing effective May 12, 2026
  • Raised C$56.5M gross proceeds via November 2025 ATM
  • Average ATM price C$3.77 per share

Negative

  • Issued 14,983,561 common shares (shareholder dilution)
  • Paid $1.2M cash commission to sales agents

News Market Reaction – HIVE

-1.74%
-1.74% Session close to close

In the May 8 session, HIVE declined 1.74%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines a TSX up‑listing, effective May 12, 2026, with transparency on recent ATM...
Analysis

This announcement combines a TSX up‑listing, effective May 12, 2026, with transparency on recent ATM usage, including 14,983,561 shares sold for C$56.5 million (about $41.1 million) in proceeds at an average of C$3.77. It adds to a pattern of crypto‑tagged news where operational growth and capital markets steps coexist. Investors may watch future capital raises, trading behavior around the new TSX listing, and how additional financing interacts with expansion plans.

Key Figures

ATM shares issued: 14,983,561 shares Gross proceeds (CAD): C$56.5 million Gross proceeds (USD): $41.1 million +3 more
6 metrics
ATM shares issued 14,983,561 shares Three months ended March 31, 2026 under November 2025 ATM program
Gross proceeds (CAD) C$56.5 million Raised via November 2025 ATM Shares in Q1 2026
Gross proceeds (USD) $41.1 million Equivalent gross proceeds from November 2025 ATM Shares
Average ATM price C$3.77 per share Average price per November 2025 ATM Share
Sales agent commission $1.2 million Cash commission on aggregate gross proceeds under ATM program
TSX trading start May 12, 2026 Effective date for HIVE common shares on TSX

Previous Crypto Reports

5 past events · Latest: Feb 05 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Feb 05 Operational update Positive -12.2% Reported 290% YoY hashrate growth and 297 BTC produced in January 2026.
Feb 05 Operational update Positive -12.2% Detailed 290% hashrate growth, 297 BTC production and efficiency improvements.
Jan 28 Governance/AGM Neutral -6.8% Filed and mailed materials for March 5, 2026 annual and special meeting.
Jan 07 Production update Positive +0.3% Reported strong December 2025 Bitcoin production and full‑year growth metrics.
Jan 07 Production update Positive +0.3% Highlighted 306 BTC December output and 2,311 BTC in full‑year 2025.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Crypto‑tagged news for HIVE often saw negative or muted next‑day moves, even on operational growth updates, with a mix of divergences and modest alignments.

Recent Company History

Recent crypto‑tagged news for HIVE has focused on production growth, network share and corporate governance. In December 2025 and January 2026, the company reported strong Bitcoin production growth, maintaining over 2% of the global network and expanding hashrate and renewable capacity, yet the stock moved between about flat and -12%. Governance updates around the March 5, 2026 shareholder meeting also coincided with a negative reaction. Against this backdrop, today’s TSX up‑listing and ATM sales update fit into an ongoing capital markets and infrastructure expansion story.

Key Terms

designated news release, at-the-market offering
2 terms
designated news release regulatory
"This news release constitutes a "designated news release" for the purposes of the Company's..."
A designated news release is an official company announcement labeled and distributed as the formal disclosure of important information through approved channels. Investors pay attention because it is the authoritative source that triggers regulatory obligations and ensures everyone receives the same facts at the same time, reducing confusion and often influencing share prices—like a formal public notice versus an informal comment.
at-the-market offering financial
"...issued 14,983,561 common shares pursuant to the at-the-market offering commenced in November 2025..."
An at-the-market offering is a method companies use to sell new shares of stock directly into the open market over time, rather than all at once. This allows them to raise money gradually, similar to selling small pieces of a product instead of a large batch. For investors, it means the company can access funding more flexibly, but it may also increase the supply of shares and influence the stock’s price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - May 7, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) (the "Company" or "HIVE") announces that it has received final approval for the listing of its common shares on the Toronto Stock Exchange (the "TSX").

The Company's common shares will commence trading on the TSX effective market open on May 12, 2026. There will be no further trading under the symbol "HIVE" on TSX Venture Exchange after the close of May 11, 2026, and the Company's shares will be delisted from TSX Venture Exchange at the commencement of trading on the TSX.

The common shares will continue trading under the symbol "HIVE" on both the Nasdaq and the TSX. No further action is required by HIVE shareholders.

Quarterly ATM Sales Report

For the three-month period ended March 31, 2026, the Company issued 14,983,561 common shares (the "November 2025 ATM Shares") pursuant to the at-the-market offering commenced in November 2025 (the "November 2025 ATM Equity Program") for gross proceeds of C$56.5 million ($41.1 million). The November 2025 ATM Shares were sold at prevailing market prices, for an average price per November 2025 ATM Share of C$3.77. Pursuant to the November 2025 ATM Equity program, a cash commission of $1.2 million on the aggregate gross proceeds raised was paid to the sales agents in connection with their services under the November 2025 ATM Equity Program.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. was among the first publicly listed companies to prioritize mining digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.

On behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

For further information, please contact:

Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078

Neither the Toronto Stock Exchange, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements with respect to the listing of the Company's common shares on the TSX, business goals and objectives of the Company, and other forward-looking information concerning the intentions, plans and future actions of the Company.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the effect of government regulation and compliance on the Company, reliance on key personnel, global economic and financial market deterioration impeding access to capital or increasing the cost of capital, potential dilution resulting from the exchange of the Notes, and the other risks that are more fully set out in the Company's Annual Report on Form 40-F for the year ended March 31, 2025, the Company's Annual Information Form for the year ended March 31, 2025 and in other Company reports and documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.

The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296577

FAQ

When will HIVE (HIVE) begin trading on the Toronto Stock Exchange?

HIVE will begin trading on the TSX at market open on May 12, 2026. According to HIVE, trading on TSX Venture will cease after the close on May 11, 2026 and shares will be delisted from TSX Venture at TSX open.

Will HIVE shareholders need to take action for the TSX listing?

No action is required by HIVE shareholders for the TSX listing. According to HIVE, common shares will continue trading under the symbol HIVE on both Nasdaq and the TSX without shareholder steps.

How much did HIVE raise under the November 2025 ATM Equity Program in Q1 2026?

HIVE raised gross proceeds of C$56.5 million ($41.1 million) via the ATM in Q1 2026. According to HIVE, the proceeds came from issuing 14,983,561 shares at an average price of C$3.77 per share.

How many shares did HIVE issue under the November 2025 ATM and at what average price?

HIVE issued 14,983,561 shares under the November 2025 ATM at an average price of C$3.77 per share. According to HIVE, these sales were completed at prevailing market prices during the period ended March 31, 2026.