HIVE Digital Technologies Ltd.

Item 7.01 Regulation FD Disclosure. On October 27, 2026, HIVE Digital Technologies Ltd. (the "Company") issued a press release (the "Press Release") announcing certain business and operating updates. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 8.01 Other Events. On October 27, 2026, the Company announced that BUZZ Alpha Cloud Inc., an indirect subsidiary of the Company (the "Borrower"), entered into an approximately $129 million Loan and Security Agreement (the "Facility") as borrower, with an institutional lender, as lender, and BUZZ High Performance Computing Inc. ("BUZZ"), as parent. Proceeds from the Facility will be used to fund the purchase of an advanced sovereign AI GPU cluster and related infrastructure, including NVIDIA GB200 NVL72 GPUs which will be deployed in connection with a previously announced customer contract. The Facility bears interest at a fixed rate of 9.0% per annum and has a three (3) year term, with repayment of principal and interest amortizing over the life of the loan. The Facility will be secured by the GPUs and related assets of the Borrower. As further security for the Facility, BUZZ provided a limited recourse guarantee of the Borrower's obligations under the Facility, as well as a pledge of its equity in the Borrower, but is not otherwise liable under the financing. The Facility also has customary terms, conditions, and covenants, including required debt-service coverage ratios. Cautionary Note Regarding Forward-Looking Statements Statements in this Current Report on Form 8-K about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to estimated average daily revenue. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including delays in equipment delivery or commissioning, changes in customer demand, counterparty credit risk, fluctuations in power and operating costs, competitive pricing pressures, regulatory developments, capital availability and the other factors described from time to time in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"). In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca. Any forward-looking statements contained in this Current Report on Form 8-K speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law.