HIVE Digital Technologies Ltd 6-K, filed Nov 14, 2023

HIVE Digital Technologies Ltd. (HIVE)

6-K 2023-11-14 For: 2023-10-18

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Added on April 09, 2026

About this 6-K

HIVE Digital Technologies Ltd filed this 6-K on November 14, 2023.

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99.1	News Release dated October 18, 2023
99.2	News Release dated November 6, 2023
99.3	Material Change Report dated November 6, 2023
99.4	Notice of Annual General and Special Meeting of Shareholders
99.5	Management Information Circular
99.6	Form of Proxy
99.7	News Release dated November 7, 2023

	SIGNATURES


	HIVE DIGITAL TECHNOLOGIES LTD.


	By:	/s/ Darcy Daubaras
		Name: Darcy Daubaras
		Title: Chief Financial Officer

Name, Province or State
and Country of Residence,			Common Shares
and Position with the	Principle Occupation During the Last Five		Owned or
Corporation⁽¹⁾	Years⁽¹⁾	Director Since	Controlled⁽¹⁾
Frank Holmes Texas, USA Executive Chairman	Chief Executive Officer and Chief Investment Officer of U.S. Global Investors, Inc.	August 23, 2017	139,000
Susan B. McGee^(2)(3)(4)Texas, USA Director	Independent Director	December 21, 2021	Nil
Marcus New^(2)(3)(4)(5)British Columbia, Canada Director	CEO of InvestX Capital Ltd. & Managing Partner of InvestX Master GP1 Inc. Former CEO of Stockhouse Publishing Ltd.	March 25, 2018	76,000⁽⁶⁾
Dave Perrill^{(2) (3)(4)}Minnesota, USA^Director	Founder and CEO of Perrill Companies LLC (January 2009 to present). Founder and CEO of Compute North LLC (August 2017 to September 2022).	October 21, 2019	Nil

	Board and Committee Meeting
				Corporate
Name of Director	Board (13)	Audit (4)	Compensation (2)	Governance (2)
Frank Holmes⁽¹⁾	13	N/A	N/A	N/A
Ian Mann⁽²⁾	10	N/A	N/A	N/A
Susan B. McGee⁽³⁾	13	4	2	2
Marcus New⁽⁴⁾	13	4	2	2
Dave Perrill⁽⁵⁾	13	4	2	2

Peer Group
Bitfarms Ltd.	CleanSpark, Inc.	Hut 8 Mining Corp.
Marathon Digital Holdings, Inc.		Riot Platforms, Inc.

	March 31, 2019	March 31, 2023
HIVE (TSX-V)	$100.00	$165.19
HIVE (Nasdaq)	$100.00	$164.50
S&P/TSX Composite	$100.00	$124.83

					Non-equity incentive plan compensation ($)
	Financial					Long-
Name and	Year			Option-	Annual	term	Pension	All other	Total
Principal	ended	Salary	Share-based	based	incentive	incentive	value	compensation	compensation
Position	March 31	($)	awards ($)	awards ($)	plans	plans	($)	($)	($)
Frank Holmes(1) Executive Chairman Former CEO	2023	Nil	6,876,000⁽⁷⁾⁽⁹⁾	Nil	Nil	Nil	Nil	225,921⁽¹⁾	7,101,921⁽⁷⁾
	2022	Nil	Nil	Nil	Nil	Nil	Nil	105,430⁽¹⁾	105,430
	2021	Nil	Nil	Nil	Nil	Nil	Nil	95,000⁽¹⁾	95,000
Darcy Daubaras⁽²⁾ CFO	2023	311,000	594,000⁽⁹⁾	Nil	76,600	Nil	Nil	99,374⁽²⁰⁾	1,080,974
	2022	263,750	Nil	Nil	112,500	Nil	Nil	23,437⁽¹⁴⁾	399,687
	2021	180,000	Nil	Nil	127,775	Nil	Nil	Nil	307,775
Aydin Kilic⁽³⁾, President and CEO	2023	Nil	452,160⁽⁸⁾	353,529⁽¹⁰⁾	126,600	Nil	Nil	312,000⁽²¹⁾	1,244,289
	2022	Nil	148,000⁽⁵⁾	3,033,361⁽⁹⁾	61,500	Nil	Nil	232,258⁽¹⁵⁾	3,181,361
	2021	Nil	31,400⁽⁶⁾	^67,578(9)(11)	Nil	Nil	Nil	40,000⁽¹⁵⁾	138,978
Gabriel Ibghy, Director of Legal Affairs and Secretary	2023	229,705	316,412⁽⁸⁾	247,471⁽¹⁰⁾	32,500	Nil	Nil	Nil	826,088
	2022	153,846	Nil	335,205⁽¹²⁾	44,167	Nil	Nil	Nil	533,218
	2021	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil
Johanna Thornblad^(5),Country President, Sweden	2023	183,229	316,412⁽⁸⁾	247,471⁽¹⁰⁾	30,857	Nil	Nil	99,798⁽²⁰⁾	877,767
	2022	157,522	Nil	^650,449(18)(19)	43,082	Nil	Nil	28,285⁽²⁰⁾	721,816
	2021	28,188	Nil	Nil	Nil	Nil	Nil	Nil	28,188
William Gray, CTO	2023	203,231	316,412⁽⁸⁾	247,471⁽¹⁰⁾	39,750	Nil	Nil	Nil	806,864
	2022	145,193	Nil	^791,428(12)(13)	42,500	Nil	Nil	Nil	979,121
	2021	Nil	Nil	Nil	Nil	Nil	Nil	Nil	Nil

		Option-based Awards			Share-based Awards⁽³⁾
							Market or
							payout
							value of
					Number	Market or	vested
					of shares	payout	share-
	Number of				or units of	value of	based
	securities			Value of	shares	share-based	awards
	underlying	Option	Option	unexercised	that have	awards that	not paid
	unexercised	exercise	expiration	in-the-money	not vested	have not	out or
Name	options (#)	price ($)	date	options ($)⁽¹⁾	(#)	vested ($)⁽²⁾	distributed
Frank Holmes	500,000	1.50	Sept 14, 2027	1,480,000	858,333⁽⁴⁾	3,828,165⁽⁴⁾	408,834⁽⁴⁾
Frank Holmes	100,000	1.45	Feb 10, 2030	301,000	858,333⁽⁴⁾	3,828,165⁽⁴⁾	408,834⁽⁴⁾
Darcy Daubaras	100,000	1.35	Dec 21, 2028	311,000	150,000	669,000	Nil
Darcy Daubaras	100,000	1.45	Feb 10, 2030	301,000	150,000	669,000	Nil
Aydin Kilic	2,000⁽⁵⁾	15.70	Feb 11, 2031	Nil	59,000	263,140	Nil
	180,000⁽⁶⁾	18.50	Oct 7, 2031	Nil
	72,000⁽⁶⁾	5.66	Aug 26, 2027	Nil
Gabriel Ibghy	20,000	18.35	Apr 29, 2031	Nil	35,700	159,000	65,562
Gabriel Ibghy	50,400	5.66	Aug 26, 2027	Nil	35,700	159,000	65,562
Johanna Thornblad	20,000	25.15	Apr 6, 2031	Nil	35,700	159,000	9,366
	10,000	21.00	Dec 8, 2031	Nil
	50,400	5.66	Aug 26, 2027	Nil
William Gray	20,000	18.35	Apr 29, 2031	Nil	35,700	159,000	65,562
	20,000	25.35	Nov 10, 2031	Nil
	50,400	5.66	Aug 26, 2027	Nil

NEO Name	Option-based awards - Value vested during the year ($)	Share-based awards - Value vested during the year ($)	Non-equity incentive compensation - value earned during the year ($)
Frank Holmes	Nil	1,327,667	Nil
Darcy Daubaras	Nil	193,500	76,600
Aydin Kilic	Nil	135,170	126,600
Gabriel Ibghy	Nil	57,057	32,500
Johanna Thornblad	Nil	57,057	30,857
William Gray	Nil	57,057	39,750

Name	Fees Earned ($)	Share- based Awards ($)	Option- based Awards ($)	Non-equity Incentive Plan Compensation ($)	Pension value ($)	All other compensation ($)	Total compensation ($)
Marcus New⁽¹⁾	126,000	Nil	Nil	Nil	Nil	Nil	126,000
Dave Perrill⁽²⁾	126,000	Nil	Nil	Nil	Nil	Nil	126,000
Ian Mann⁽³⁾	120,000	Nil	Nil	Nil	Nil	33,300⁽⁵⁾	153,300
Susan McGee⁽⁴⁾	126,000	Nil	Nil	Nil	Nil	Nil	126,000

			C
			Number of securities
	A	B	remaining available for
	Number of securities to be	Weighted average exercise	future issuance under
	issued upon exercise of	price of outstanding	equity compensation plans
	outstanding options,	options, warrants and	(excluding securities
Plan Category	warrants and rights	rights	reflected in column A)
Equity compensation plans	Options: 2,846,515	$6.31	Combined: 5,316,183
approved by securityholders⁽¹⁾	Options: 2,846,515	$6.31
approved by securityholders⁽¹⁾	RSUs: 61,500	N/A(2)
Equity compensation plans
not approved by	Nil	N/A	Nil
securityholders
TOTALS:	2,908,015	$6.31	5,316,183

Name	Name of Reporting Issuer
Frank Holmes	Goldspot Discoveries Inc. Thunderbird Entertainment Group Inc.
Marcus New	Mapath Capital Inc.
Dave Perrill	None
	Goldman Sachs BDC, Inc.
Susan McGee	Goldman Sachs Private Credit LLC
	GS Phillip Street Middle Market Lending LLC

	Fiscal year ended	Fiscal year ended
	March 31, 2021	March 31, 2022
Audit fees	CAD$302,700	CAD$375,000
Audit-related fees⁽¹⁾	CAD$50,000	CAD$75,000
Tax Fees	Nil	Nil
All other fees⁽²⁾	CAD$30,000	CAD$77,500
TOTAL FEES	CAD$$382,700	CAD$527,500

ARTICLE 1 DEFINITIONS AND INTERPRETATION		3

1.1	Defined Terms	3
1.2	Interpretation	7

ARTICLE 2 ESTABLISHMENT OF PLAN		7

2.1	Purpose	7
2.2	Shares Reserved	7
2.3	Non-Exclusivity	8
2.4	Effective Date and Term of the Plan	8

ARTICLE 3 ADMINISTRATION OF PLAN		9

3.1	Administration	9
3.2	Amendment, Suspension and Termination	9
3.3	Compliance with Laws	10
3.4	Tax Withholdings	10

ARTICLE 4 OPTION GRANTS		11

4.1	Eligibility and Multiple Grants	11
4.2	Option Agreement	11
4.3	Limitation on Grants and Exercises	11

ARTICLE 5 OPTION TERMS		12

5.1	Exercise Price	12
5.2	Expiry Date	12
5.3	Vesting	12
5.4	Accelerated Vesting Event	13
5.5	Non-Assignability	13
5.6	Ceasing to be Eligible Person	13
5.7	Blackout Periods	14

ARTICLE 6 EXERCISE PROCEDURE		14

6.1	Exercise Procedure	14
6.2	Hold Periods	15

ARTICLE 7 AMENDMENT OF OPTIONS		15

7.1	Consent to Amend	15
7.2	Amendment Subject to Approval	16

ARTICLE 8 MISCELLANEOUS		16

8.1	No Rights as Shareholder	16
8.2	No Right to Employment	17
8.3	Governing Law	17

Number of RSUs	Date of Vesting	Performance Condition to be Satisfied
●	●
●	●

Country of Principal Executive Offices:	Canada
Foreign Private Issuer:	Yes
Disclosure Prohibited under Home Country Law:	No
Total Number of Directors:	4

Part 1: Gender Identity
	Female	Male	Non-Binary	Did Not Disclose Gender
Number of Directors	1	3	0	0

Part 2: Demographic Background
	Number of Directors
Underrepresented Individual in Home Country Jurisdiction¹	1
LGBTQ+	0
Did Not Disclose Demographic Background	0


Authorized Signatory Name:
Title:


Name of Eligible Person


Signature of Eligible Person




Note to Plan Participants