Slide 1: Q1 F2027 Results Webcast
Q1 F2027 Results Webcast Quarter Ended June 30, 2026
Slide 2: Disclosures
Disclosures In this presentation, “HIVE” or the “Company” refers to HIVE Digital Technologies Ltd (TSX: 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 “fo
Slide 3: Frank Holmes' Macro Recap
FRANK HOLMES’ MACRO RECAP Frank Holmes, Executive Chairman 3
Slide 4: DNA of Volatility
DNA of Volatility Standard Deviation for One Year, as of June 30, 2026 Understanding Risk One-Day Ten-Day S&P 500 ±1% ±2% Gold Bullion ±2% ±5% Nvidia ±2% ±6% Bitcoin ±3% ±8% CoreWeave ±6% ±18% HIVE Digital Technologies Ltd. ±6% ±23% Source: Bloomberg, HIVE Digital Technologies LTD | 4
Slide 5: Leadership Team
Leadership Team Frank Holmes Darcy Daubaras Executive Chairman CFO Aydin Kilic Craig Tavares President & CEO President & COO, BUZZ HPC Gabriel Ibghy General Counsel Johanna Thörnblad Sweden Country President Gabriel Lamas Paraguay Country President 5
Slide 6: HIVE Operates In 9 Time Zones & 5 Languages
~5,000 miles distance HIVE Operates In ~5,000 miles 9 Time Zones & distance 5 Languages.
Slide 7: HIVE Uses Green Energy
Paraguay HIVE USES GREEN ENERGY CANADA, SWEDEN AND PARAGUAY Low Electricity Cost Low Temperatures Fast Internet Connection
Slide 8: HIVE's Top Institutional Shareholders
HIVE’s Top Institutional Shareholders Percentage of Shares Outstanding as of 6/30/2026 4.97% Invesco 4.91% Citadel Advisors 2.71% Millennium Management LLC 2.28% Two Sigma Investments 1.95% The Charles Schwab Corporation Source: Bloomberg, HIVE Digital Technologies
Slide 9: HIVE's Stock Rises Above The 50-Day Moving Average
HIVE’s Stock Rises Above The 50-Day Moving Average Stock Price in USD BUZZ HPC Closes USD $220M Sovereign AI GPU Contract with Bell AI Fabric for Cohere Inc. – June 18th Announces Up- Listing to TSX - May 7th HIVE Announces $115 Million of 0% Exchangeable Senior Notes - April 21st HIVE’s BUZZ HPC An
Slide 10: HIVE Climbs Past Bitcoin
HIVE Climbs Past Bitcoin Total Return Feb. 27, 2026 – June 30, 2026 Past performance is no guarantee of future results Source: Bloomberg, HIVE Digital Technologies
Slide 11: Japan Carry Trade Unwind Is a Macro Risk
etn a 335 : - -4.55 Japan Carry Trade Unwind Is a Macro Risk: -2.75% Rising Japanese interest rates could reduce % 1.65% global liquidity, increasing short-term volatility in Al, digital infrastructure and cryptocurrency-related stocks.
Slide 12: Scale to Manage Headwinds: Hashrate Up, Bitcoin Down
Scale to Manage Headwinds: Hashrate Up, Bitcoin Down Operational Hashrate Growth vs. Bitcoin Price Volatility $140,000 26 EH/s $120,000 24 EH/s 22 EH/s $100,000 20 EH/s $80,000 18 EH/s $60,000 16 EH/s $40,000 14 EH/s $20,000 12 EH/s $0 10 EH/s 06-30-2025 09-28-2025 12-27-2025 03-27-2026 06-25-2026 B
Slide 13: Looking Under the Hood of Non-Cash Line Items - QoQ
Looking Under the Hood of Non-Cash Line Items- QoQ QoQ: Revenue and Net Operating Income1 Revenue Net Operating Income $90.0 $20.0 $79.1 $18.0 $80.0 $71.8 $70.0 $16.0 $15.2 $14.0 QoQ $60.0 $12.0 Growth Revenue 10.2% $50.0 $10.0 $40.0 $8.1 $8.0 Net Operating 86.4% $30.0 $6.0 Income $20.0 $4.0 $10.0 $
Slide 14: Looking Under the Hood of Non-Cash Line Items - YoY
Looking Under the Hood of Non-Cash Line Items - YoY YoY: Revenue and Net Operating Income1 Revenue Net Operating Income $90.0 $20.0 $79.1 $18.0 $80.0 $70.0 $16.0 $15.2 $14.0 YoY $60.0 $12.0 Growth $50.0 $45.6 $10.1 Revenue 73.5% $10.0 $40.0 $8.0 Net Operating 50.6% $30.0 Income $6.0 $20.0 $4.0 $10.0
Slide 15: Closing of $130 Million 0% Exchangeable Senior Notes
HIVE Announces — A Closing of Private Offering of $130 Million of 0% Exchangeable Senior Notes due 2031 — US$130 MILLION | 0% COUPON Principal Amount | Senior Notes EXCHANGEABLE an DUE 2031 (2) For HIVE Common Shares Maturity
Slide 16: The countries that win the AI race
“The countries that win the AI race won't just produce the smartest engineers. They'll build the infrastructure to support them. Data centers are becoming as essential to economic growth as railroads were a century ago.” – Frank Holmes, Executive Chairman HIVE Digital Technologies
Slide 17: The Power of Medical Research in Toronto, Canada
The Power of Medical Research in Toronto, Canada 1921: Insulin discovered 1937: Pablum developed 1950: Pacemaker pioneered 1955: Polio vaccine breakthrough 1983: Successful lung transplant 1989: Cystic fibrosis gene Today: Global stem cell leader
Slide 18: Toronto: Leading Center for AI-Powered Healthcare
Today, Toronto is One of the World's Leading Centers for Ai-Powered Healthcare. Organizations like: • University Health Network (UHN) • SickKids • Princess Margaret Cancer Centre • Vector Institute • University of Toronto are using artificial intelligence to improve cancer diagnosis, drug discovery,
Slide 19: The Power of Innovation in Toronto, Canada
The Power of Innovation in Toronto, Canada 1876: Telephone innovation 1938: Electron Microscope 1941: Anti-G G-Suit 2006: Deep Learning 2013: ETHEREUM
Slide 20: The Internet Backbone: AKA The Golden Triangle
The Internet Backbone: AKA The Golden Triangle
Slide 21: Canadian AI Ecosystem & BUZZ AI Factories
Canadian AI Ecosystem & BUZZ AI Factories Major AI Research Hubs and Sovereign AI Infrastructure in Ontario Birth place of Ethereum BUZZ AI Factories AI Research Institutes & Centers
Slide 22: Vitalik Buterin
Vitalik Buterin The creator of Ethereum went to Waterloo University AKA the MIT of Toronto
Slide 23: Semiconductor Stocks Have Doubled in a Year
Semiconductor Stocks Have Doubled in a Year Philadelphia Semiconductor Index, Percent Change | 12-Month Period Through July 31, 2026 Past performance does not guarantee future results. It is not possible to invest in an index. Source: Bloomberg, U.S. Global Investors Figures combine equity, warrants
Slide 24: AI Data Centers Driving Demand for Lithium + Other Critical Metals
AI Data Centers Are Driving Demand for Lithium + Other Critical Metals Projected Growth in Demand by Percentage, 2024 – 2040 353% 131% 69% 49% 35% 28% Lithium Graphite Nickel Magnet Rare Earths Cobalt Copper Source: UNCTAD, IEA, U.S. Global Investors Figures combine equity, warrants, direct funding
Slide 25: Palantir: A Beneficiary of the AI Infrastructure Boom
Palantir: A Beneficiary of the AI Infrastructure Boom Stock Price In USD Source: UNCTAD, IEA, U.S. Global Investors
Slide 26: Investment in U.S. Data Centers
Investment in U.S. Data Centers Billions of USD, Jan. 2021 – May 2026 Source: Census Bureau, Bureau of Economic Analysis, U.S. Global Investors
Slide 27: Central Bank of Paraguay Recognizes Bitcoin as an Export
The Central Bank of Paraguay (Banco Central del Paraguay) Now Recognizes Bitcoin as an Export
Slide 28: Send AI Compute Power, Not Electricity
You Cannot Transmit Electricity from Paraguay to New York, But You Can Send Ai Compute Power
Slide 29: 300 MW Built in Paraguay, Expanding +100 MW
ITAIPU DAM, PARAGUAY 300 MW BUILT IN PARAGUAY — EXPANDING +100 MW
Slide 30: Land & Power — Building the Pipeline
Land & Power — Building the Pipeline GIGA-FACTORY SITE BODEN, SWEDEN PARAGUAY SUBSTATION PECOS, TEXAS 320 MW 32 MW 100 MW 500 MW 25-acre acquisition Building Purchase $12M IT-load substation build LOI secured — 300 acres complete
Slide 31: 32 MW Boden Data Center Purchase
32 MW Boden Data Center Purchase $45M ARR Target | 25 MW IT Load | $450M TCV | H2 2027 HIVE Operating HIVE Invested In GPU Legacy Jurisdiction Community 31
Slide 32: 320 MW GTA Giga Factory
320 MW GTA Giga Factory $360M ARR Target | 320 MW | 100,000+ GPUs | ~CAD 3.5B capex | H1 2028 District Civil Infra. Water Line Roadway Hundreds of Sustainable Planning Investment Upgrades Improvements Skilled Jobs Liquid Cooling 32
Slide 33: HIVE & BUZZ HPC Partnerships
| HIVE & BUZZ HPC Partnerships Det ciy S°<l° Bell (Coens DRI SS STONEWORKS SBS LV Bn MEY BUZZ HPC g = Mila GInvipiA. IAMIC Rototics tico eww
Slide 34: Expanding Industry Partnerships
Expanding Industry Partnerships Mirko Bibic, Santiago Pena, Santiago Pena, President & CEO, Bell Canada President of Paraguay President of Paraguay Michael Dell, Founder & CEO, Dell Technologies Jensen Huang, President & CEO, NVIDIA
Slide 35: Slide 35
Slide 36: FQ1'27 Financial Highlights — June 30, 2026
FQ1’27 Financial Highlights — June 30, 2026 $79.1M $24.2M $13.4M TOTAL REVENUE GROSS OPERATING MARGIN ADJUSTED EBITDA +74% YoY · +10% QoQ 31% of revenue (ex-depreciation) non-GAAP; see reconciliation $72.1M $15.2M BITCOIN MINING REVENUE EARNINGS FROM OPERATIONS ¹ 1,004 BTC mined · avg. $71,682/BTC 1
Slide 37: Quarterly Financials — Q1 FY2027
Quarterly Financials — Q1 FY2027 Revenue & Earnings from Operations ($M) REVENUE · QoQ GROWTH Revenue Earnings from Operations +10% vs. $71.8M (Q4 FY26) $93.1M $87.3M $79.1M $71.8M REVENUE · YoY GROWTH +74% vs. $45.6M (Q1 FY26)* $45.6M $34.6M EARNINGS FROM OPS · QoQ GROWTH +86% vs. $8.1M (Q4 FY26) $
Slide 38: Quarterly Financials — Q1 FY2027
Quarterly Financials — Q1 FY2027 Revenue by Segment: BTC + HPC BTC MINING · QoQ GROWTH BTC HPC +7% vs. $67.2M (Q4 FY26) $88.2M $82.1M $72.1M BTC MINING · YoY GROWTH $67.2M +77% vs. $40.8M (Q1 FY26) $40.8M HPC · QoQ GROWTH +52% vs. $4.6M (Q4 FY26) $4.8M $5.2M $4.9M $4.6M $7.1M HPC · YoY GROWTH Q1 FY2
Slide 39: HPC/AI $180M Contracted ARR Achieved!
HPC/AI $180M Contracted ARR Achieved! Q4 exit at $180M ARR; $500k/day HPC; Currently $750k/day BTC ARR Progression ($M) Q2 Exit Run-Rate Today Contracted $180M I G Te c h G i a n t - S I G N E D N E W D E A L $70M ARR 5-year contract · 2,016 GB300 GPUs $35M $28M COHERE - SIGNED DEAL $75M ARR 3-year
Slide 40: New Deal Announced! $350M TCV GPU Cloud - GB300
New Deal Announced! $350M TCV GPU Cloud - GB300 Aug 2026: 5-year ~$350M contract with an Investment-Grade Hyperscaler $350M $70M 2,016 Q4’26 TOTAL CONTRACT VALUE ARR ADDED GB300 NVL72 GPUs TARGET DEPLOY 5-year term $110M → $180M ARR contracted NVIDIA Liquid Cooled Revenue online • Hosted at Bell’s T
Slide 41: $600M TCV GPU Cloud Signed
$600M TCV GPU Cloud Signed Delivering on our promises - three cluster deals signed in 2026 funded from the April and June converts • Large 2,000+ GPU clusters on 3–5 year contracts • NVIDIA GB200 and GB300 NVL72 platforms • Liquid-cooled Tier III data centers + $225M + $350M = $600M BELL (B200) COHE
Slide 42: $245M in 0% Coupon Exchangeable Notes
$245M in 0% Coupon Exchangeable Notes Two tranches · five-year maturities · capped calls limit dilution · no cash interest burden APRIL 2026 — $115M DUE 2031 JUNE 2026 — $130M DUE 2031 $245M TOTAL RAISED — 0% COUPON E X CH A NGE P R I CE E X CH A NGE P R I CE $200M Net Proceeds After Capped $2.57 +1
Slide 43: Bell AI Fabric: Rapid Expansion of Sovereign AI Cloud
Bell AI Fabric: Rapid Expansion of Sovereign AI Cloud X X NEW DEAL FEB 2026 JUN 2026 AUG 2026 $30M B200 CLUSTER (LIVE) ~$220M GB200 / COHERE ~$350M GB300 / IGH • 504 B200 GPUs 2-year contract • 2,304 NVIDIA GB200 NVL72 at • 2,016 NVIDIA GB300 NVL72 at Winnipeg Facility Bell’s Merritt, BC Bell’s Merr
Slide 44: Contracted GPU Cloud ARR Today: $180M
Contracted GPU Cloud ARR Today: $180M Deployment GPUs Status ARR Stockholm, Sweden 850 H100 / H200 Online $10M Quebec, Canada 4,200 A-Series Online $10M Manitoba, Canada 504 B200 Online $15M Cohere – Merritt, BC 2,304 GB200 Contracted - Q4'26 $75M IGH - Merritt, BC NEW DEAL 2,016 GB300 Contracted -
Slide 45: HPC/AI Interim Goal $45M ARR
HPC/AI Interim Goal Q4 exit at $180M ARR; $500k/day HPC; Currently $750k/day BTC ARR Progression ($M) SWEDISH IG - LOI SIGNED $45M ARR Q2 Exit Run-Rate Today Contracted Incl. Big Boden Q4 Target $500k per $225M day GPU Cloud revenue HPC Colo · 25 MW IT Load $180M I G T e c h G i a n t - S I G NE D N
Slide 46: Signed Contracts: $2Bn EV Near Term
Signed Contracts: $2Bn EV Near Term SIGNED TODAY ARR / basis Multiple Comp anchor Value ($M) GPU AI Cloud - signed $180M ARR 5.4x1 GPU median: 5.4x $972 HPC Colo - Boden lease3 $45M ARR 10.7x2 HPC median: 10.7x $482 Bitcoin Mining + BTC $275M ARR — MARA / CLSK $500 Signed-Contract EV $500M ARR 2.4x
Slide 47: Recent Milestones
Recent Milestones $35M ARR $180M ARR $45M ARR 320 MW RUN-RATE ARR TODAY CONTRACTED ARR FOR HPC LEASE GIGA Factor y Site TO ~$97K daily revenue with HPC/AI operational and LOI signed with Swedish IG 25 acres over 2 parcels 6,000 GPUs active contracted, ~10,500 GPUs for Big Boden 25 MW IT closed and a
Slide 48: 32 MW Boden Data Center Purchase
32 MW Boden Data Center Purchase $45M ARR target · 25 MW IT load · H2 2027 • HIVE’s original GPU super-site - operated 130,000 GPUs in the Ethereum mining era • HIVE operating since 2018 jurisdiction, Tier I data center operational + investments in community • Fit-test for Tier III complete; enginee
Slide 49: 320 MW GTA Giga Factory
320 MW GTA Giga Factory $360M ARR target · 320 MW · 100,000+ GPUs · ~CAD $3.5B capex · H1 2028 • Anchor asset for BUZZ HPC: 320 MW utility capacity designed to operate 100,000+ GPUs • Land secured: 25 acres ≈ $58M total land cost with 320 MW power allocation • Toronto–Waterloo innovation corridor —
Slide 50: Dual Engines: $850k Daily Today
Dual Engines: $850k Daily Today HPC / AI BTC MINING • $97k/Day HPC revenue today • ~$750k/Day mining revenue • ARR: $35M ARR: $275M ^ 11.8 BTC mined/day • 5,500 GPUs • 24.0 EH/s operational 16.0 J/TH 25.3 EH/s installed Based on Q2 Financials COGS and SG&A = $62.9M or approx. $690k per day global co
Slide 51: Dual Engines: ARR Q4 Outlook
Dual Engines: ARR Q4 Outlook HPC / AI BTC MINING • $500k/Day HPC Q4 • $750k/Day+ mining revenue ARR $180M contracted GPU ARR: $275M ^ 11.8 BTC/Day Cloud • 24 EH/s average operational • With ~10,500 GPUs Subject to Hashprice • 40% of Global Revenue • 60% of Global Revenue • As of Aug 10, 2026. Contra
Slide 52: HIVE Global Power Footprint: 860 MW
HIVE Global Power Footprint: 860 MW Power is the scarcest asset in AI infrastructure. HIVE has 860 MW secured. HPC Location MW Status Power Use Bitcoin Mining Global New Brunswick, Canada 70 MW Active BTC -> HPC Lachute, Canada 30 MW Active BTC Mining MW Sweden 40 MW Active BTC -> HPC Capacity Swede
Slide 53: 2 Year Roadmap to $5Bn and Beyond
2 Year Roadmap to $5Bn and Beyond Identified pipeline including $180M ARR contracted today GPU CLOUD GPUs STATUS ARR HPC COLO POWER / IT STATUS ARR Stockholm, Sweden 850 H100/H200 Online $10M Toronto, Canada 7 MW / 5 MW 2027 $8M Quebec, Canada 4,200 A-Series Online $10M L. Boden, Sweden 7 MW / 5 MW
Slide 54: Sum-of-the-Parts: GPU Cloud + GTA Gigafactory
Sum-of-the-Parts: GPU Cloud + GTA Gigafactory Signed Base case — conservative multiples on target ARR SEGMENT DRIVER MULTIPLE VALUE ($M) $5.2B GPU AI Cloud HPC Colo incl. GTA ($360M) $200M ARR target $500M ARR target 3.5x base case 8.0x base case $700 $4,000 IMPLIED EV — BASE CASE 6.4x upside vs. $8
Slide 55: Valuation: GPU Cloud & GTA Gigafactory Contracted
Valuation: GPU Cloud & GTA Gigafactory Contracted BASE CASE MEDIUM CASE UPSIDE CASE $5.2B $7.1B $8.0B GPU 3.5x · Colo 8x · Mining $500M GPU 5.4x · Colo 10x · Mining $1,000M GPU 7.4x · Colo 10.7x · Mining $1,200M SEGMENT · DRIVER BASE MEDIUM UPSIDE GPU AI Cloud: $200M ARR × (3.5x · 5.4x · 7.4x) $700
Slide 56: Land & Power: Building the Pipeline
Land & Power: Building the Pipeline GIGA-FACTORY SITE BODEN, SWEDEN PARAGUAY SUBSTATION NEW BRUNSWICK 320 MW 32 MW 100 MW 70 MW 25 acres acquisition Building Purchase $12M IT-load substation build Design Development Approval to Civil work complete • 25 Acres Under • Design development • • Purchase B
Slide 57: Land & Power: Building the Pipeline
Land & Power: Building the Pipeline PARAGUAY SUBSTATION 100 MW IT-load substation build • Civil work complete • 2×80 MVA transformers installed • 160 MVA Total • 135 MW Utility Load • 100 MW IT Load 57
Slide 58: São Paulo Yguazú
São Paulo Yguazú 1h 50m Nonstop flight, São Paulo (GRU) → Foz do Iguaçu (IGU) · multiple daily frequencies 846 km / 526 mi Direct air distance — shorter than SFO → Seattle ~1 hour Drive from IGU to the Yguazú campus via Ciudad del Este Same day Map stylized, not to survey scale. Board in São Paulo a
Slide 59: HIVE — Earnings from Ops, Last 5 Quarters
HIVE — Earnings from Ops, Last 5 Quarters EFO = Revenue − COGs − G&A US$k HIVE Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 LTM Revenue $45,611 $87,253 $93,111 $71,816 $79,120 $331,300 Earnings from Ops $10,069 $34,604 $23,697 $8,135 $15,167 $81,603 EFO % of Revenue 22% 40% 25% 11% 19% 25% Positive net operat
Slide 60: Revenue — HIVE vs Peers, Last 4 Quarters
Revenue — HIVE vs Peers, Last 4 Quarters Total consolidated revenue, US$M · calendar quarters ended Sep-25 → Jun-26 · LTM = last four reported quarters TICKER Sep-25 Dec-25 Mar-26 Jun-26 LTM HIVE $87.3 $93.1 $71.8 $79.1 $331 WULF $50.6 $35.8 $34.0 $44.8 $165 CIFR $71.7 $59.7 $34.8 $24.8 $191 HUT $83
Slide 61: Scale & Pipeline — HIVE vs Peers
Scale & Pipeline — HIVE vs Peers Market cap at Aug 5, 2026 close · 2-yr forward HPC ARR = disclosed contracted/target ARR · MW per company disclosures TICKER MARKET CAP 2-YR FWD HPC ARR MW OPERATIONAL MW SECURED HIVE $0.8B $700M 440 860 WULF $9.0B ~$970M 347 841 CIFR $7.8B ~$750M 207 907 HUT $11.4B
Slide 62: Mining Margin at 24 EH/s + 16 J/TH
Mining Margin at 24 EH/s + 16 J/TH Illustrative quarterly scenarios — CQ2’26 hashrate and efficiency Metric $60k BTC $70k BTC $80k BTC Hashprice $30 HP $35 HP $40 HP Daily Revenue $710k $830k $950k Bitcoin Mined per Day ² 11.8 11.8 11.8 Daily Profit ¹ $255k $375k $495k MARGIN 36% 45% 52% 1. Illustra
Slide 63: SOTP Valuation: Peer Multiples
SOTP Valuation: Peer Multiples Ticker EV ($M) ARR Tgt / LTM Rev EV / Base Peer Median HIVE @ Median MARA $3,900 $868 4.5x CLSK $4,116 $740 5.6x Multiples for MINING → HIVE $310M Rev 5.0x $1,550 • Mining CRWV3 $71,656 $18,500 3.9x NBIS3 $59,366 $8,000 7.4x • GPU IREN4 WYFI5 $15,373 $1,160 $4,380 $170
Slide 64: Financial Results
FINANCIAL RESULTS 64
Slide 65: Issued and Outstanding Basic
Tickers: Options: TSX.TO: HIVE 2.6M Nasdaq: HIVE Colombia Exchange: RSUs: HIVECO 16.7 M Issued and Outstanding Basic Warrants: Common Shares: 271.0 M 3.0 M *As of June 30, 2026. Shareholder Data Based On Public Filings 65
Slide 66: Q1'27 Financial Highlights
Q1’27 Financial Highlights $ 79.1 M Total Revenue $ 13.4 M Adj. EBITDA $ 72.1 M Bitcoin Mining Revenue ($ 86.3 M) EBITDA ($ 142.9 M) Net Loss $ 7.0 M HPC/AI Revenue 190 Bitcoin in Treasury $ 24.2 M Gross Operating Margin
Slide 67: Q1 2027 Financial Results
Q1 2027 Financial Results $ 79.1 M 1,004 Bitcoin Revenue $ 13.4 M (Equivalent) Produced Adjusted EBITDA 67
Slide 68: Healthy Balance Sheet
($M, as of June 30, 2026) Healthy Balance Sheet Strong liquidity position supporting continued growth investment $ 208.0 M Cash on Hand $ 11.2 M Digital Currencies Amounts Receivable $ 18.9 M $ 280.0 M Total Current Assets & Prepaids $ 10.9 M Investments $ 143.1 M Total Current Liabilities Source: C
Slide 69: Positive Gross Operating Margin YoY
Positive Gross Operating Margin1 YoY Gross Operating Margin ($M) YoY (Q1 2026 – Q1 2027) $30 $25 $24.2 BASIC LOSS PER $20 SHARE: $15.8 $15 Three Months ended June 30 $10 2026 2027 $0.19 ($0.54) $5 $0 Q1 2026 Q1 2027 JUN-2025 JUN-2026 1 Gross Operating Margin calculated as total revenue minus operati
Slide 70: Revenue and Gross Operating Margin YoY
Revenue and Gross Operating Margin1 YoY YoY (Q1 2026 – Q1 2027) Revenue ($M) Gross Operating Margin ($M) $90 $30 $79.1 $80 $25 $24.2 $70 $60 $20 $50 $45.6 $15.8 $15 $40 $30 $10 $20 $5 $10 35% 31% Gross Op Margin Gross Op Margin $0 $0 Q1 2026 Q1 2027 Q1 2026 Q1 2027 JUN-2025 JUN-2026 JUN-2025 JUN-202
Slide 71: Revenue and Gross Operating Margin QoQ
Revenue and Gross Operating Margin1 QoQ QoQ (Q4 2026 – Q1 2027) Revenue ($M) Gross Operating Margin ($M) $80 $79.1 $30 $25 $24.2 $71.8 $20 $17.5 $70 $15 $10 $5 24% 31% Gross Op Margin Gross Op Margin $60 $0 Q4 2026 Q1 2027 Q4 2026 Q1 2027 MAR-2026 JUN-2026 MAR-2026 JUN-2026 1 Gross Operating Margin
Slide 72: Financial Metrics: Earnings YoY
Financial Metrics: Earnings YoY YoY (Q1 2026 – Q1 2027) Adjusted EBITDA, ($M) Net Income (Loss), ($M) $50 $60 $44.6 $35.0 $45 $40 $40 $20 $35 $0 -$20 $30 -$40 $25 -$60 $20 -$80 $15 $13.4 -$100 $10 -$120 $5 -$140 -$160 ($142.9) $0 Q1 2026 Q1 2027 Q1 2026 Q1 2027 JUN-2025 JUN-2026 JUN-2025 JUN-2026 72
Slide 73: Financial Metrics: Earnings QoQ
Financial Metrics: Earnings QoQ QoQ (Q4 2026– Q1 2027) Adjusted EBITDA, ($M) Net Loss, ($M) $15 $13.4 $0 -$20 $10 -$40 $5 -$60 $0 -$80 ($76.3) -$100 -$5 -$120 -$10 ($9.0) -$140 ($142.9) -$15 -$160 Q4 2026 Q1 2027 Q4 2026 Q1 2027 MAR-2026 JUN-2026 MAR-2026 JUN-2026 73
Slide 74: Appendix
Appendix Te Hise INES EAR ea
Slide 75: Follow HIVE on Social Media
Follow HIVE on Social Media @HIVEDigitalTech @HIVEDigitalTech @hivedigitaltechnologies Visit our website at www.hivedigitaltechnologies.com