Hut 8 expands ATM equity offering to $1B, terminates prior $500M program

Hut 8 Corp.

Filed prospectus supplement on Aug 22, 2025 to increase ATM offering capacity from $500M to $1B.
As of Aug 22, 2025, ~$299.4M in shares had been sold under the prior $500M program.
Prior $500M ATM program terminated; no additional sales under it.
Compensation to agents up to 3% of gross proceeds; sales as 'at the market' offering.
Legal opinion from Skadden Arps filed as Exhibit 5.1.

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