RETRANSMISSION: HIVE Digital Technologies Welcomes Craig Tavares as President and Chief Operating Officer of Buzz HPC to Lead Growth in HPC and GPU Cloud Services
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) has announced the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC. In this role, Tavares will be responsible for leading the company's GPU Cloud and High-Performance Computing (HPC) data center business. This announcement comes as part of HIVE's strategic expansion in sustainable data center infrastructure, where they maintain a position as a global leader.
The announcement was made through a designated news release related to the Company's prospectus supplement dated October 3, 2024, to its short form base shelf prospectus dated September 11, 2024.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ha annunciato la nomina di Craig Tavares come Presidente e Chief Operating Officer di Buzz HPC. In questo ruolo, Tavares sarà responsabile della guida del business del centro dati GPU Cloud e High-Performance Computing (HPC) dell'azienda. Questo annuncio arriva come parte dell'espansione strategica di HIVE nelle infrastrutture di data center sostenibili, dove mantiene una posizione di leader globale.
L'annuncio è stato fatto tramite un comunicato stampa designato relativo al supplemento del prospetto della Società datato 3 ottobre 2024, al suo prospetto base a breve termine datato 11 settembre 2024.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ha anunciado el nombramiento de Craig Tavares como Presidente y Director de Operaciones de Buzz HPC. En este papel, Tavares será responsable de liderar el negocio de centros de datos de GPU Cloud y Computación de Alto Rendimiento (HPC) de la empresa. Este anuncio forma parte de la expansión estratégica de HIVE en infraestructura de centros de datos sostenibles, donde mantienen una posición de liderazgo global.
El anuncio se realizó a través de un comunicado de prensa designado relacionado con el suplemento del prospecto de la Compañía fechado el 3 de octubre de 2024, a su prospecto base de corto plazo fechado el 11 de septiembre de 2024.
HIVE 디지털 기술 (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0)은 Craig Tavares를 Buzz HPC의 사장 겸 최고 운영 책임자로 임명했다고 발표했습니다. 이 역할에서 Tavares는 회사의 GPU 클라우드 및 고성능 컴퓨팅(HPC) 데이터 센터 사업을 이끌 책임을 집니다. 이 발표는 HIVE의 지속 가능한 데이터 센터 인프라에 대한 전략적 확장의 일환으로 이루어지며, 이들은 글로벌 리더로서의 입지를 유지하고 있습니다.
이 발표는 2024년 10월 3일자 회사의 보충 설명서와 관련된 지정된 뉴스 릴리스를 통해 이루어졌습니다. 이는 2024년 9월 11일자 단기 기본 선반 설명서에 해당합니다.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) a annoncé la nomination de Craig Tavares en tant que Président et Directeur de l'Exploitation de Buzz HPC. Dans ce rôle, Tavares sera responsable de la direction de l'activité de centre de données GPU Cloud et de Calcul Haute Performance (HPC) de l'entreprise. Cette annonce s'inscrit dans le cadre de l'expansion stratégique de HIVE dans les infrastructures de centres de données durables, où elle maintient une position de leader mondial.
L'annonce a été faite par le biais d'un communiqué de presse désigné lié au supplément de prospectus de la Société daté du 3 octobre 2024, à son prospectus de base à court terme daté du 11 septembre 2024.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) hat die Ernennung von Craig Tavares zum Präsidenten und Chief Operating Officer von Buzz HPC bekannt gegeben. In dieser Rolle wird Tavares für die Leitung des GPU Cloud- und High-Performance-Computing (HPC)-Rechenzentrumsgeschäfts des Unternehmens verantwortlich sein. Diese Ankündigung erfolgt im Rahmen der strategischen Expansion von HIVE in nachhaltige Rechenzentrumsinfrastruktur, wo sie eine Position als globaler Marktführer einnehmen.
Die Ankündigung wurde über eine entsprechende Pressemitteilung veröffentlicht, die sich auf den Prospektzusatz des Unternehmens vom 3. Oktober 2024 bezieht, zu seinem Kurzform-Grundprospekt vom 11. September 2024.
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This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024
San Antonio, Texas--(Newsfile Corp. - February 18, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, is excited to announce the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC, where he will lead the GPU Cloud and High-Performance Computing (HPC) data center business.
About Craig Tavares
With over 20 years of experience in digital infrastructure, Tavares brings a wealth of expertise and a reputation as an innovative leader in the data center, cloud, telecom and energy industries.
Tavares began his career by helping develop a metro fiber network and internet service provider, Toronto Hydro Telecom. He later joined Cogeco, where he held leadership roles in engineering, operations, product management, and technology strategy, managing a portfolio of 20 global data centers, public clouds, IP/MPLS networks, and HPC hosting services.
At Aptum, he launched a global cloud business and secured partnerships with Microsoft and Amazon Web Services. At Apple, Tavares led product and program strategy for third-party clouds and Apple's data centers. He co-founded Kingston Co-Gen, a portfolio of power plants, where he led M&A and corporate development, and he built one of North America's first HPC data centers directly connected to a power plant.
"We are delighted to welcome Craig Tavares to the Buzz HPC team," said Frank Holmes, Co-Founder and Executive Chairman of Buzz HPC, a HIVE Digital Technologies company. "With his unique skillset of leadership, entrepreneurialism, and ethics, alongside his explicit and tacit knowledge of digital infrastructure, cloud, and high-performance computing, he is a true champion of our vision to scale our HPC business to
Throughout his career, Mr. Tavares has contributed to the growth and success of several scale-up companies in energy, HPC, big data, and AI, providing strategic insights as both an executive and advisor.
"I'm thrilled to join Buzz to scale the HPC cloud and data center business, leveraging both new and existing high-quality assets to cater to the most demanding workloads," said Craig Tavares. "Buzz already provides one of the industry's highest-performance Sovereign AI GPU platforms powered by renewable energy, and we will expand it through vertically integrated infrastructure and a suite of differentiated HPC service offerings."
HIVE Digital Technologies is confident that his leadership will be instrumental in accelerating Buzz HPC's growth and success in the rapidly evolving cloud and HPC data center markets.
Incentive Grants
Extensive research from Harvard Business School (HBS) underscores the value of non-linear rewards and variable long-term incentives in fostering a strong organizational culture, boosting morale, and enhancing employee retention. These incentives align employees' interests with the company's long-term success, promoting innovation, resilience, and a commitment to strategic initiatives essential for sustained growth and competitive advantage.
HIVE's management continues to demonstrate strength and resilience by expanding its Bitcoin and HPC footprints-all while maintaining one of the industry's lowest general and administrative (G&A) costs per Bitcoin mined and minimizing shareholder dilution. To recognize the HIVE team's efforts, we have granted Restricted Share Units (RSUs) that will remain non-tradable for another year, ensuring that management stays focused on sustainable and responsible growth.
As part of this initiative, HIVE is granting 1,090,000 RSUs to select employees, officers, directors, and eligible consultants, including Mr. Tavares. These RSUs were issued under the company's RSU plan and are subject to the TSX Venture Exchange's statutory one-year minimum vesting period.
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and soon Paraguay, HIVE continues to innovate while reducing its environmental footprint.
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, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241087
FAQ
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