HIVE Digital Technologies (HIVE) Updates ATM Equity Program

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) is pleased to announce that it has entered into an equity distribution agreement with Stifel, as lead agent, and a syndicate of agents including Canaccord Genuity, Roth Canada, B. Riley Securities, and Northland Capital Markets (collectively, the "Agents").

The Company, at its sole discretion, may sell up to US$200 million of common shares under the updated at-the-market equity program (the "ATM Program"). The Company has the flexibility to terminate the Equity Distribution Agreement prior to reaching the US$200 million in gross proceeds. Any use of proceeds will be aligned with the Company's general corporate requirements, debt repayments and potential future acquisitions. Any common shares issued by the Company under the ATM Program will be sold by the Agents at the prevailing market price at the time of sale.

Details of the offering are available in a prospectus supplement dated October 3, 2024, supplementing the Company's base shelf prospectus dated September 11, 2024 filed in the provinces and territories of Canada and included in the Company's registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission. Copies of these documents are available on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Copies of such documents may also be obtained from: Stifel Nicolaus Canada Inc., Attention: 161 Bay Street, Suite 3800, Toronto, ON M5J 2S1; Stifel, Nicolaus & Company, Incorporated, Attention: One South Street, 15th Floor, Baltimore, MD 21202; or by email at [email protected]. These documents contain important information about the ATM Program. Prospective investors should read the offering documents before making an investment decision.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the common shares, nor shall there be any sale of these common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

You May Also Be Interested In