HIVE Provides Results from Shareholder Meeting

Rhea-AI Summary

HIVE (NASDAQ: HIVE / TSXV: HIVE) reported results from its 2025 annual general and special meeting held March 5, 2026, where shareholders approved all resolutions. Re-elected directors keep board continuity, Davidson & Company LLP was re-appointed auditor, amended incentive stock option and restricted share unit plans were re-approved, and Articles were amended to set quorum at two persons holding at least 33 1/3% of votes.

These corporate governance decisions maintain leadership, preserve executive compensation frameworks, and change quorum rules for future shareholder meetings.

Positive

• Board continuity preserved with all directors re-elected
• Independent auditor Davidson & Company LLP re-appointed for one year
• Amended incentive stock option plan re-approved, retaining equity compensation authority
• Amended restricted share unit plan re-approved, preserving RSU-based compensation

Negative

• Quorum amendment requires two persons representing at least 33 1/3% of votes, potentially reducing small-holder meeting influence

Key Figures

Shareholder quorum: 33 1/3% of issued common shares Minimum attendees: 2 persons Board size: 4 directors

3 metrics

Shareholder quorum 33 1/3% of issued common shares New quorum requirement for shareholder meetings

Minimum attendees 2 persons Minimum number of shareholders or proxy holders for quorum

Board size 4 directors Number of directors re-elected at 2025 annual meeting

Market Reality Check

Price: $2.05 Vol: Volume of 7,581,153 share...

normal vol

$2.05 Last Close

Volume Volume of 7,581,153 shares is slightly below the 20-day average of 8,009,038 (relative volume 0.95x). normal

Technical Shares at $2.205 are trading below the 200-day moving average of $3.06 and sit 71.88% under the 52-week high and 75% above the 52-week low.

Peers on Argus

HIVE fell 4.35% while peers showed mixed moves: crypto-exposed names like BTBT (...

HIVE fell 4.35% while peers showed mixed moves: crypto-exposed names like BTBT (-5.49%) and FUFU (-1.1%) declined, but others such as BITF (+1.37%) and AMRK (+2.17%) rose, pointing to a stock-specific move rather than a uniform sector trend.

Historical Context

5 past events · Latest: Feb 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 17	Q3 earnings results	Positive	-4.1%	Record Q3 revenue and margin but GAAP net loss driven by depreciation.
Feb 17	Q3 earnings details	Positive	-4.1%	Repeated record Q3 metrics and hashrate expansion with large net loss.
Feb 13	AI cloud contracts	Positive	+3.3%	BUZZ unit signs ~$30M AI cloud agreements for initial GPU cluster.
Feb 13	HPC growth plans	Positive	+3.3%	Contracts expected to lift HPC ARR from ~$20M to ~$35M near term.
Feb 12	Earnings call notice	Neutral	-4.0%	Announcement of timing for fiscal Q3 results and conference call.

Pattern Detected

Recent history shows HIVE sometimes trading lower after strong fundamental or operational updates, while AI/HPC contract news has coincided with positive reactions.

Recent Company History

Over the past few months, HIVE has reported record Q3 revenue of $93.1M with a $32.1M gross operating margin and $5.7M Adjusted EBITDA, alongside a GAAP net loss of $91.3M. AI-related BUZZ contracts totaling about $30M in value and expected $15M ARR previously helped the stock. Today’s meeting results confirm shareholders re-approved the board, equity plans, and quorum changes, building on governance steps outlined in prior 6-K filings.

Market Pulse Summary

This announcement confirms that shareholders approved all resolutions at the March 5, 2026 meeting, ...

Analysis

This announcement confirms that shareholders approved all resolutions at the March 5, 2026 meeting, including re-electing the four-member board, re-appointing the auditor, re-approving equity incentive plans, and revising quorum to two persons representing at least 33⅓% of voting shares. In context of earlier filings outlining strong revenue growth and AI/HPC expansion, it formalizes governance support. Investors may watch how these authorized plans and board continuity interact with future operational and financing decisions.

Key Terms

prospectus supplement, short form base shelf prospectus, incentive stock option plan, restricted share unit plan, +2 more

6 terms

prospectus supplement regulatory

"designated news release" for the purposes of the Company's prospectus supplement dated"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

short form base shelf prospectus regulatory

"prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated"

A short form base shelf prospectus is a pre-approved, reusable document that lets a company register a pool of securities (like stocks or bonds) it can sell over time without repeating a full disclosure process each time. Think of it as a menu the company files once so it can quickly offer items from that menu later; investors care because it speeds up capital raises, can dilute existing holdings, and signals the company’s ability to access funding when needed.

incentive stock option plan financial

"The Company's amended incentive stock option plan was re-approved."

A plan that gives employees the right to buy company shares at a fixed price after a vesting period, often with special tax treatment if the shares are held long enough. For investors it matters because these options can motivate and retain staff by tying pay to company performance, but they also increase the number of shares outstanding over time and can dilute existing shareholders and affect reported earnings — think of them as employee coupons for future ownership.

restricted share unit plan financial

"The Company's amended restricted share unit plan was re-approved."

A restricted share unit plan is a company program that promises employees or executives actual company shares or cash tied to the company’s stock, delivered later once conditions like continued employment or performance targets are met. Think of it as a delayed paycheck paid in stock that becomes fully owned only after certain milestones. Investors care because these awards can change the number of shares outstanding, affect reported costs, and align employee actions with shareholder value.

quorum regulatory

"Articles to change the required quorum at a meeting of Shareholders to two (2) persons"

A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.

proxy regulatory

"shareholders present in person or represented by proxy at the Meeting were:"

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

AI-generated analysis. Not financial advice.

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. - March 6, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the "Company" or "HIVE"), a global leader in sustainable blockchain infrastructure, is pleased to announce that all resolutions considered at its 2025 annual general and special meeting of shareholders held on March 5, 2026 (the "Meeting") were approved by its shareholders.

Shareholders Approve Resolutions

The resolutions approved by the shareholders present in person or represented by proxy at the Meeting were:

• All director nominees were duly re-elected to the Board. Accordingly, HIVE's Board remains comprised of Frank Holmes, Susan McGee, Marcus New and Dave Perrill. Each director will serve until HIVE's next annual meeting of shareholders or until their respective successors are elected or appointed or they otherwise cease to hold office.

• Davidson & Company LLP was re-appointed as independent, external auditor of HIVE for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.

• The Company's amended incentive stock option plan was re-approved.

• The Company's amended restricted share unit plan was re-approved.

• The amendment of the Company's Articles to change the required quorum at a meeting of Shareholders to two (2) persons who are, or who represent by proxy, shareholders who, in the aggregate, hold at least 33 1∕3% of the issued common shares entitled to be voted at the meeting.

The resolutions voted on at the meeting are described in more detail in HIVE's Management Information Circular, dated January 16, 2026, which was mailed to shareholders and is available on the Company's SEDAR+ profile at www.sedarplus.ca.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine 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.

For more information, visit hivedigitaltech.com, or connect with us on:

X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain

On Behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

For further information, please contact:

Nathan Fast
Marketing and Communications VP

Frank Holmes
Executive Chairman
HIVE Digital Technologies Ltd.

Aydin Kilic
President & CEO
HIVE Digital Technologies Ltd
Tel: (604) 664-1078

Neither 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 news release

Forward-Looking Information

Except for the statements of historical fact, this news 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: the results of the Company's annual general and special meeting of shareholders, 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 risks set out in the Company's disclosure 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 current expectations, assumptions and/or beliefs of the Company 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 as a result 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/286457

FAQ

Who was re-elected to HIVE's board at the March 5, 2026 meeting (HIVE)?

All director nominees were re-elected: Frank Holmes, Susan McGee, Marcus New, and Dave Perrill. According to the company, each will serve until the next annual meeting or until a successor is appointed.

Was HIVE's external auditor re-appointed at the March 5, 2026 shareholder meeting?

Yes. Davidson & Company LLP was re-appointed as independent external auditor for the ensuing year. According to the company, the board is authorized to fix the auditor's remuneration.

Did HIVE approve changes to its incentive stock option and RSU plans on March 5, 2026?

Yes. Both the amended incentive stock option plan and amended restricted share unit plan were re-approved. According to the company, these approvals preserve the firm's current equity compensation frameworks.

What quorum change did HIVE approve for shareholder meetings effective after March 5, 2026?

HIVE amended its Articles to set quorum as two persons holding or proxy for at least 33 1/3% of issued common shares. According to the company, this becomes the new meeting quorum requirement.

Where can investors find details of the resolutions approved at HIVE's March 5, 2026 meeting?

Detailed descriptions of the resolutions are available in HIVE's Management Information Circular dated January 16, 2026. According to the company, the document was mailed to shareholders and filed on SEDAR+.