HIVE's BUZZ HPC Appoints AI and HPC Veteran Mark Volk as Senior Vice President, Revenue; HIVE Surpasses $1 Million in Average Daily Revenue

HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE) (BVC: HIVECO) (the "Company" or "HIVE"), through its wholly owned subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC"), today announced the appointment of Mark Volk as Senior Vice President, Revenue.

AI infrastructure is scaling rapidly, and success increasingly depends on three critical capabilities: power, compute and commercial execution. HIVE has spent years building the first two. With the appointment of Mark Volk, BUZZ is strengthening the commercial relationship required to scale the third.

Mr. Volk brings nearly three decades of experience building and commercializing AI, high-performance computing ("HPC"), cloud and enterprise infrastructure businesses. As Senior Vice President, Revenue, he will lead BUZZ HPC's global go-to-market strategy across enterprise, government, sovereign AI, hyperscale, research and academic markets. His mandate is straightforward: build the revenue engine and scale it globally. Mr. Volk will lead commercialization of BUZZ HPC's GPU-powered AI infrastructure, including sovereign AI cloud, GPU-as-a-Service ("GPUaaS"), colocation and hybrid AI solutions, as well as strategic partnerships and channel development. He reports to Craig Tavares, President and Chief Operating Officer of BUZZ HPC.

Mr. Volk has spent his career at the intersection of compute and commercialization. Before joining BUZZ HPC, he served as CEO of CiphexAI Corporation, where he led the commercialization of AI technologies and infrastructure. Previously, Mr. Volk spent five years at Hewlett Packard Enterprise ("HPE"), first as Vice President of Federal for Canada and later as General Manager of HPC & AI Commercial for the Americas. During his commercial leadership, HPE's HPC and AI business grew approximately 425% to more than $2 billion in revenue, serving government, enterprise, research and academic customers across the Americas. At IBM, Mr. Volk held worldwide leadership roles and managed a portfolio of approximately $1.2 billion. He also helped launch IBM's first HPC Cloud SaaS offering, growing that business approximately 200% in less than two years. Before IBM, he served as Director of Worldwide HPC Sales and Marketing at Platform Computing, where he helped grow the business from approximately $25 million to more than $60 million before its acquisition by IBM. His career also includes leadership roles at Corel, N-able, Tomoye and Entrust across software, SaaS, cybersecurity and enterprise infrastructure. Mr. Volk holds an MBA from the University of Ottawa's Telfer School of Management and has a background in business administration and computer science.

HIVE is also pleased to provide an update on the continued scaling of its global digital infrastructure platform. The operating results below are based on preliminary, unaudited management estimates as of the date of this release. On August 21, 2026, the Company exceeded $1 million in daily revenue from the combined production of hashrate services and GPU cloud services. Since August 21, 2026, HIVE has produced an average of approximately 12 Bitcoin per day, representing approximately 2% of global Bitcoin network production, while its GPU cloud operations have generated approximately $100,000 in average daily revenue. Based on prevailing Bitcoin prices, network difficulty and current operating conditions, these businesses have generated combined average daily revenue exceeding $1 million. This is the HIVE model in action: Renewable energy → digital infras...