HIVE Digital Provides October 2023 Production Update and Reaches 4 Exahash Target

About this update from Hive Digital Technologies Ltd

HIVE Digital Provides October 2023 Production Update and Reaches 4 Exahash TargetThis news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus dated May 1, 2023.Vancouver, British Columbia--(Newsfile Corp. - November 6, 2023) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE") is pleased to announce the unaudited production figures from the Company's global Bitcoin operations for the month of October 2023, with 265.9 Bitcoin produced in October. The Company has maintained over 3.94 Exahash ("EH/s") of Bitcoin mining capacity on average for October 2023, including ASIC and GPU BTC hashrate (all amounts in US dollars, unless otherwise indicated).Summary Overview:HIVE produced 265.9 Bitcoin in the month of October, from ASIC and GPU mining operations, representing an average of 67.5 Bitcoin Per Exahash, with an average hashrate of 3.94 EH/s for the month of October 2023;HIVE produced an average of 8.6 BTC per day, from ASIC and GPU mining operations, in October 2023;HIVE ended the month with 3.97 EH/s of mining capacity, from ASIC mining capacity, and GPU BTC hashrate, consistent month over month increase;HIVE exceeded 4.0 Exahash from ASIC mining capacity on certain dates throughout the month, achieving a peak of approximately 4.13 Exahash from a combined ASIC and GPU mining capacity. Throughout October, the total hashrate has fluctuated due to reconfigurations at our various data centers and the arrival of new machines. Bitcoin Halving StrategyFrank Holmes, Executive Chairman, of the Company stated "HIVE was the first publicly listed crypto miner, listing on the TSX-V in 2017, and since then we skillfully and successfully navigated the last halving event in 2020, and additionally the bear markets of 2019, 2020, 2022 and what we are experiencing currently. Our team's proven track record, coupled with our fiscal prudence, puts us in an enviable position to weather the halving event which is currently expected to occur mid-April 2024. Our continued focus is to maximize the ROI on Bitcoin mining ASICs we purchase now, by making strategic acquisitions of only the very best offers in the market."Bitcoin ASIC Target of 4.0 Exahash ReachedAydin Kilic, President & CEO of HIVE, state...

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