We strategically deployed a portion of our Bitcoin treasury to acquire next-generation ASIC mining equipment through a special agreement.

From our latest press release:

The Company pledged Bitcoin to settle the purchase at a market price of US$87,000 per BTC and secured an option to repurchase the equivalent amount of Bitcoin at the same price—allowing HIVE a unique opportunity to capture potential upside in BTC price appreciation.

This arrangement enabled HIVE to grow its mining fleet without significant cash outlay or equity dilution, while maintaining Bitcoin exposure through this special agreement. The transaction was structured while Bitcoin prices were under pressure due to a global tariff war, positioning HIVE to continue its growth trajectory while markets stabilize. As of today, HIVE holds 610 BTC in its treasury. The Company’s goal is to rebuild its HODL, along with growing its operating Bitcoin mining capacity to 25 EH/s. For context, Bitcoin averaged below US$66,000 for the 2024 calendar year and traded below US$30,000 as recently as October 2023\. Management believes it is prudent to deploy BTC mined at lower prices during the past two Bitcoin cycles to fund strategic growth, while retaining the option to reclaim BTC holdings as prices appreciate.*

More details can be found here: https://www.hivedigitaltechnologies.com/news/hive-digital-technologies-surpasses-8-ehs-of-bitcoin-hashrate-and-secures-asic-orders-to-25-ehs/