10-K/A: HIVE Digital Technologies Files 10-K/A Amendment

HIVE Digital Technologies Ltd. has filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, primarily to include previously omitted Part III information.

Summary

• HIVE Digital Technologies Ltd. filed an Amendment No. 1 to its Form 10-K for the fiscal year ended March 31, 2026.
• This amendment is to include Part III, Items 10-14, which were initially omitted and intended to be incorporated by reference from the proxy statement.
• New certifications from the Principal Executive Officer and Principal Financial Officer are included as exhibits.
• The amendment does not change or update any disclosures from the original Form 10-K, including financial statements, and does not reflect events after June 2, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is an amendment to correct a procedural omission in a previous report and does not introduce new financial or operational information.

Risks

• The filing contains forward-looking statements based on management's beliefs and assumptions, subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those projected.
• Previous management cease trade orders were issued due to late filings of annual financial statements and MD&A in 2019, 2021, and 2022.
• Dave Perrill, a director, was associated with Compute North LLC, which filed for Chapter 11 bankruptcy in September 2022.

Future Outlook

The filing itself is an amendment to a previous report and does not contain new forward-looking statements or guidance beyond what was in the original 10-K. It emphasizes that this amendment should be read in conjunction with the original 10-K and subsequent filings.

Management Comments

• Darcy Daubaras certifies that the report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading.
• Aydin Kilic certifies that the report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading.

Industry Context

StockSavvy.ai notes that this filing is primarily procedural, focusing on the correct inclusion of Part III information in the annual report. It does not provide new operational or financial insights into HIVE Digital Technologies' business, which operates in the digital asset and high-performance computing sectors.

Corporate Governance

Legal Proceedings

• Frank Holmes and Marcus New were directors during a management cease trade order issued by the BCSC on July 30, 2019, related to late filing of financial statements; revoked October 8, 2019.
• Frank Holmes, Marcus New, and David Perrill were directors during a management cease trade order issued by the BCSC on July 30, 2021, related to late filing of financial statements; revoked October 4, 2021.
• Frank Holmes, Marcus New, and David Perrill were directors during a management cease trade order issued by the BCSC on June 30, 2022, related to late filing of financial statements; revoked July 20, 2022.
• Marcus New was CEO and director of Invictus Financial Inc., which had a failure-to-file cease trade order issued by the BCSC on September 6, 2016; revoked September 7, 2016.
• Dave Perrill was founder and CEO of Compute North LLC, which filed for Chapter 11 bankruptcy on September 22, 2022.

Related Party Transactions

• No related party transactions since April 1, 2025, that exceeded $120,000 and involved a direct or indirect material interest.

Stakeholder Impact

• Shareholders: The amendment ensures compliance with reporting regulations, maintaining transparency. The lack of new financial information means no immediate impact on share price based on this filing alone.
• Management and Employees: The filing includes details on executive compensation and governance, reinforcing the company's structure and policies.
• Regulators: The filing addresses SEC reporting requirements, demonstrating ongoing compliance efforts.

Next Steps

• The company will continue to operate under its existing business model, as this amendment does not alter previous disclosures.
• Shareholders and interested parties should refer to the original Form 10-K and subsequent filings for ongoing operational and financial updates.

Key Dates

Keywords

HIVE Digital Technologies, 10-K/A, Annual Report, Sarbanes-Oxley, Corporate Governance, Executive Compensation, Director Independence, Financial Reporting