Hut 8 dismisses RCGT as auditor, appoints KPMG; cites material weaknesses in internal controls

Hut 8 Corp.

Dismissed Raymond Chabot Grant Thornton (RCGT) as independent auditor on March 25, 2025; appointed KPMG for fiscal year 2025.
No disagreements with RCGT on accounting principles or audit scope in prior fiscal years.
Two material weaknesses previously identified: controls over deferred tax provision for Bitcoin held internationally and BITMAIN miner purchase agreement.
RCGT provided letter to SEC agreeing with the dismissal disclosures, filed as Exhibit 16.1.
Material weaknesses had been reported in the 10-K for FY2024; company authorized RCGT to respond to KPMG inquiries.

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