HIVE Digital Technologies Ltd SEC Filings

HIVE Digital Technologies President & CEO Aydin Kilic reported equity compensation activity on June 5, 2026. Through Akilic Ventures Ltd., he exercised restricted share units (RSUs) that had previously vested, converting 400,000 and 50,000 RSUs into an equal number of common shares at a conversion price of $0.00 per share. No open-market purchases or sales were reported. After these conversions, Akilic Ventures continues to hold 1,350,000 RSUs with scheduled vesting dates between August 2026 and March 2027. The filing also shows smaller direct and indirect holdings of common shares through Unimage Enterprises Ltd. and in Kilic’s own name.

HIVE Digital Technologies COO Luke Rossy reported a mix of RSU exercises and share sales. On June 3, 2026, he sold 66,700 common shares in open-market transactions at a weighted average price of $4.57 per share, converted from a Canadian dollar price range.

On the same date, RSU awards covering 200,000 and 15,000 shares vested and were settled into common shares on a one-for-one basis under HIVE’s Restricted Stock Unit Plan. Footnotes indicate the 200,000 RSUs vested on April 17, 2026 and the 15,000 RSUs vested on May 5, 2026, with settlement into common shares completed on June 3, 2026.

HIVE Digital Technologies Ltd. director Susan B. McGee reported an open-market sale of 16,700 Common Shares of HIVE on June 3, 2026. The shares were sold at an average price of US$4.45 per share, and she now directly holds 208,300 Common Shares.

A footnote explains that the sale price reflects C$6.18 per share, converted to U.S. dollars using an exchange rate of US$1.00 to C$1.3884 as reported by the Bank of Canada on June 3, 2026.

HIVE Digital Technologies Ltd. notified the SEC that it could not timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2026 by the prescribed due date of June 1, 2026. The company states it substantially completed the report but filed the Form 10-K on June 2, 2026, within the 15-calendar day relief period.

HIVE Digital Technologies Ltd. is a renewable-energy focused digital infrastructure company that combines Bitcoin hashrate services with high-performance computing (HPC) and AI cloud workloads. It operates data centers across Canada, Sweden, and Paraguay with about 464.4 MW of capacity and installed Bitcoin hashrate of roughly 24.5 EH/s at an implied fleet efficiency of 16.1–16.4 J/TH.

The business is shifting from pure crypto mining toward GPU-based AI and HPC services through its BUZZ subsidiary. As of April 30, 2026, HIVE had approximately 360 H200 GPUs on fixed-term contracts and additional A‑ and H‑series GPUs rented on demand, generating about $20 million of GPU revenue in the most recent fiscal year. A later two‑year contract for 504 Blackwell B200 GPUs at $2.90 per hour helped lift contracted HPC cloud revenue to about $35 million ARR.

HIVE expanded materially in Paraguay, completing a 200 MW hydro-powered Yguazú facility acquired for about $56 million and building the 100 MW Valenzuela site, together contributing around 19 EH/s of hashrate. To fund growth, it issued $115 million of 0% exchangeable notes with a conversion premium and also uplisted its shares to the TSX. The company highlights extensive risk factors, including energy pricing, regulatory and tax uncertainty, Bitcoin price volatility, and the evolving AI/HPC competitive and regulatory landscape.

HIVE Digital Technologies Ltd. reported FY2026 revenue of $297.8 million, a 158% increase year-over-year, driven mainly by digital currency mining and growing high-performance computing services. Gross operating margin rose to $107.9 million, a 36% margin versus 22% a year earlier, highlighting strong operating leverage.

The company mined 2,885 Bitcoin in FY2026, up 104%, and ended the year with 25.1 EH/s of installed hashrate and 440 MW of green-powered capacity. Despite this growth, HIVE posted a GAAP net loss of $148.4 million, largely due to $170.4 million of depreciation and other non-cash items, while Adjusted EBITDA reached $72.9 million.

HPC revenue nearly doubled to $19.5 million, and contracted HPC annual recurring revenue reached $35 million, supported by NVIDIA GPU deployments and a planned 320 MW AI gigafactory in the Greater Toronto Area. After year-end, HIVE raised $115 million through 0% Exchangeable Senior Notes due 2031, enhancing balance-sheet flexibility for its Bitcoin and AI infrastructure expansion.

HIVE Digital Technologies, through its BUZZ High Performance Computing subsidiary, is advancing a major AI infrastructure investment in Ontario built around a new AI "gigafactory" in the Greater Toronto Area with approximately 320 megawatts of utility power capacity.

BUZZ acquired a 21-acre main parcel for $46 million and an adjacent 4-acre parcel for $12 million, creating a contiguous 320 MW site intended to host more than 100,000 GPUs at full build-out. The company highlights an expected total capital investment of about CAD $3.5 billion, a target online date in the second half of 2027, and plans for 800+ construction jobs plus hundreds of permanent high-skill roles.

HIVE states it now has over 850 MW of power globally, including 450 MW of operating data centers and a 400 MW development pipeline, and aims to expand its Canadian AI footprint with the 320 MW GTA project as part of a broader sovereign AI infrastructure strategy.

HIVE Digital Technologies, through its BUZZ High Performance Computing subsidiary, is advancing a major AI infrastructure investment in Ontario built around a new AI "gigafactory" in the Greater Toronto Area with approximately 320 megawatts of utility power capacity.

BUZZ acquired a 21-acre main parcel for $46 million and an adjacent 4-acre parcel for $12 million, creating a contiguous 320 MW site intended to host more than 100,000 GPUs at full build-out. The company highlights an expected total capital investment of about CAD $3.5 billion, a target online date in the second half of 2027, and plans for 800+ construction jobs plus hundreds of permanent high-skill roles.

HIVE states it now has over 850 MW of power globally, including 450 MW of operating data centers and a 400 MW development pipeline, and aims to expand its Canadian AI footprint with the 320 MW GTA project as part of a broader sovereign AI infrastructure strategy.

HIVE Digital Technologies Ltd. ownership table: reporting persons led by Citadel affiliates and Kenneth Griffin report shared beneficial ownership of common shares. Citadel Securities Group LP and related entities are reported with 13,192,552 shares (representing 5.2% of the class) and Citadel Securities LLC with 10,303,435 shares (4.1%), with percentages tied to February 16, 2026 outstanding shares of 253,256,770. The filing clarifies shared voting and dispositive power and that certain holdings may include instruments exercisable or convertible into shares.

HIVE Digital Technologies Ltd. reported two main developments. The company adopted an amendment to its Articles of Incorporation that raises the shareholder meeting quorum to two persons owning at least 33 1/3% of issued and outstanding common stock, aligning with Nasdaq requirements. Separately, its subsidiary BUZZ High Performance Computing contracted a fibre optic network overbuild and carrier transport upgrade at the Grand Falls Data Centre in New Brunswick. HIVE estimates a capital commitment of about $3.1 million over five years, supported by proceeds from a recent $115 million 0% exchangeable note issuance. The project supports conversion of the energized 70 MW Grand Falls site into a 50 MW Tier III+ AI-focused data center, with dedicated 100 Gbps and 400 Gbps optical wavelength services expected to begin delivery in Q3 2026.