On December 28, 2023, HIVE Digital Technologies Ltd. closed the transaction. The company issued 5,750,000 Special Warrants at an issue price of CAD 5 per warrant for the gross proceeds of CAD 28,750,000. Each Unit shall consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at a price of CAD 6.00 per Warrant Share for a period of 36 months following the closing of the Offering. In consideration for their services, the Underwriters received a cash commission equal to 6.0% of the gross proceeds of the Offering plus that number of broker warrants as is equal to 6.0% of the aggregate number of Special Warrants issued pursuant to the Offering, with each such broker warrant entitling the holder to acquire one common share at a price of CAD 5.00 per common share until December 28, 2026. The company has paid 6% of the gross proceeds of CAD 1,725,000 in the transaction.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 14 placees including Stifel Nicolaus Canada Inc. received CAD 862,500 cash and 172,500 broker's warrants, and Canaccord Genuity Corp.received CAD 862,500 cash and 172,500 broker's warrants. Each broker warrant is exercisable to purchase one common share at an exercise price of $5 until December, 28, 2026.