HIVE Digital Technologies Ltd.

Good morning, everyone. I would like to welcome you to today's webcast reviewing Hive Blockchain Technology's financial results for the three months ended December 31st, 2021. Okay, but you don't hear me. On slide number two, disclosures, except for the statements of historical facts, this presentation contains forward-looking information within the meaning of the applicable Canadian securities legislation that is based on expectations estimates, and assumptions as the date of this presentation. You can see the full slide number two on your screen for the full disclosures. On slide number three, you will see one of our most popular visuals, the DNA of volatility. And I would like to hand the presentation over to Frank Holmes, Executive Chairman, at this point to explain more. Frank?

Frank Holmes Thank you, Holly, and thank you, Everyone and all shareholders that are listening.

Yes, this visual is an important one because volatility is a thing that always concerns a lot of people, especially if they're not traders. The traders love the volatility. But what's important here to recognize is this non-event for 70% of the time for the S&P to go up or down 1% in over 10 days, plus or minus 2%. Bold is the same on a one-day basis, but a little more volatile over 10 days. Well, then we started to go to technology stocks like Tesla, and we see all of a sudden it's four times more volatile than the S&P 500. At one time, it used to be 6% daily volatility of Tesla until it became part of the S&P 500. But what you can see here is that Tesla and Bitcoin have very similar DNA of volatility, and Ethereum is actually the most volatile when you compare it to the one day. It's 5%, and we see the 10-day is 17%. And MicroStrategy is plus or minus 6% on a daily basis and 10 days is 22. But Hive is even greater than all of them. It's seven times more volatile on a daily basis and over 10 day periods, 27%. So traders love that. What happens because of this for us, because we mine Ethereum and the volatility of Ethereum gets embedded. And we have seen this happen with gold stocks and we have seen gold stocks move with their gold-silver ratio that they can have a greater volatility because silver is more volatile than gold. Silver stocks are more volatile than gold. So Ethereum is like silver. It's more volatile than Bitcoin. And it shows up in the overall stock price. So I think it's important for investors to respect the DNA of volatility.