$HIVE

HIVE Digital Technologies Ltd.

CIK:0001720424|SEC Filings

Condensed Interim Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income (Unaudited) $ in Thousands, kr in Millions	3 Months Ended
	Jun. 30, 2026 USD ($) $ / shares shares	Jun. 30, 2025 USD ($) $ / shares shares
Revenues	$ 79,120	$ 45,611
Cost of sales
Operating and maintenance costs	(53,877)	(28,983)
High performance computing service fees	(1,055)	(809)
Depreciation	(53,678)	(22,011)
Gross profit	(29,490)	(6,192)
Net realized and unrealized (loss) gain on digital currencies	(809)	23,161
Operating expenses
Selling, general, administrative expenses	(9,021)	(5,750)
Foreign exchange (loss) gain	(2,874)	2,872
Stock-based compensation	(7,082)	(5,750)
Total operating expenses	(18,977)	(8,628)
Unrealized (loss) gain on investments	1,277	8,172
Change in fair value of derivatives	(7,062)	16,436
Non-cash provision for regulatory liabilities	(84,650)	0
Recovery of sales tax receivables	0	1,367
(Loss) gain on sale of equipment	(960)	1,312
Other income	675	325
Finance expense	(1,336)	(288)
(Loss) income from operations	(141,332)	35,665
Tax expense	(1,575)	(649)
Net (loss) income after tax	(142,907)	35,016
Other comprehensive income (loss)
Translation adjustment	(859)	1,856
Net (loss) income and comprehensive (loss) income	$ (143,766)	$ 36,872
Basic (loss) income per share \| $ / shares	$ (0.54)	$ 0.19
Diluted (loss) income per share \| $ / shares	$ (0.54)	$ 0.18
Weighted average number of common shares outstanding - Basic \| shares	266,251,300	182,007,767
Weighted average number of common shares outstanding - Diluted \| shares	266,251,300	192,827,179
Revenue from digital currency mining [Member]
Revenues	$ 72,060	$ 40,797
High performance computing [Member]
Revenues	$ 7,060	$ 4,814

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) $ in Thousands, kr in Millions	3 Months Ended
	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)
Cash flows from operating activities
Net (loss) income for the period	$ (142,907)	$ 35,016
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities
Revenue recognized from digital currency mined	(72,060)	(40,797)
Proceeds from sale of digital currency	65,803	66,447
Revaluation of digital currency	809	(23,161)
Depreciation	53,678	22,011
Non-cash lease expense	4,966	2,484
Unrealized gain on investments	(1,277)	(8,172)
Change in fair value of derivatives	7,062	(16,436)
Non-cash provision for regulatory liabilities	84,650	0
Recovery of sales tax receivables	0	(1,367)
Loss (gain) on sale of mining assets	960	(1,312)
Income tax expense	1,575	649
Accretion on convertible debt	211	138
Share-based compensation	7,082	5,750
Interest expense	438	72
Unrealized foreign exchange	(540)	(2,832)
Lease payments on operating leases	(4,120)	(867)
Changes in non-working capital items
Amounts receivable and prepaids	(3,225)	(17,941)
Accounts payable and accrued liabilities	952	(9,454)
Net cash provided by operating activities	4,057	10,228
Cash flows from investing activities
Deposits on equipment	(27,527)	(15,978)
Purchases of investments	0	(126)
Proceeds on disposal of equipment	1,574	1,475
Purchase of equipment	(3,456)	(31,379)
Purchase of property	(14,745)	0
Payment of security deposits	(3,964)	(15,948)
Net cash used in investing activities	(48,118)	(61,956)
Cash flows from financing activities
Proceeds from exercise of options	0	738
Term loan payments	(411)	(410)
Shares offering	30,026	68,024
Repayment of loans	(216)	0
Repayment of acquisition loan payable	0	(15,500)
Issuance of debentures	199,163	0
Net cash provided by financing activities	228,562	52,852
Effects of exchange rate changes on cash	425	102
Net change in cash during the year	184,926	1,226
Cash and cash equivalents
Beginning of the year	23,113	23,375
End of the year	$ 208,039	$ 24,601

Condensed Interim Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets
Cash and cash equivalents	$ 208,039	$ 23,113
Amounts receivable and prepaids, net	18,887	15,566
Derivative asset	30,994	606
Investments	10,858	9,741
Digital currencies	11,248	10,822
Total current assets	280,026	59,848
Property, plant and equipment, net	453,154	480,476
Long term receivables, net	2,051	2,147
Deposits, net	82,998	53,579
Right of use assets	106,411	43,096
Total assets	924,640	639,146
Current liabilities
Accounts payable and accrued liabilities	118,403	27,045
Current portion of lease liability	12,216	12,368
Current portion of loans payable	1,460	1,460
Term loan	1,600	2,038
Current portion of mortgage payable	162	143
Warrant liability	2,154	413
Current income tax liability	7,059	10,968
Total current liabilities	143,054	54,435
Convertible loan - liability component	234,872	0
Loans payable	9,457	9,497
Lease liability	96,237	31,212
Mortgage payable	18,300	14,348
Deferred tax liability	21	295
Total liabilities	501,941	109,787
Equity
Share capital	0	0
Additional paid in capital	981,154	944,048
Accumulated other comprehensive income	6,762	7,621
Accumulated deficit	(565,217)	(422,310)
Total equity	422,699	529,359
Total liabilities and equity	$ 924,640	$ 639,146