Mr. Asher Genoot reports

HUT 8 APPOINTS MARK EIDELMAN AS HEAD OF INVESTOR RELATIONS

Hut 8 Corp. has appointed Mark Eidelman as head of investor relations and senior vice-president of strategic finance. Mr. Eidelman will report to chief financial officer Sean Glennan and lead the company's strategic finance and investor relations functions.

Before joining Hut 8, Mr. Eidelman led investor relations at NextEra Energy, where he owned the company's equity narrative and global investor relationships. He was ranked No. 2 investor relations professional in utilities on Extel's 2025 All-America Executive Team. Prior to that role, he led the M&A (merger and acquisition) and joint ventures team at NextEra Energy Transmission.

Mr. Eidelman has 17 years of experience in corporate and investment banking at J.P. Morgan, most recently as a managing director. In that role, he led the execution of more than $75-billion in debt, equity, and structured financings and advised public and private clients on capital structure, M&A, and strategic transactions, primarily in the power, utility and renewables industries.

Asher Genoot, chief executive officer of Hut 8, said: "Our ambition is to build one of the defining businesses of this era at the intersection of energy and technology. As we advance our power-first strategy, contracting institutional-grade infrastructure at scale and pursuing a corporate investment-grade rating, our priority is to deepen institutional sponsorship and lower our cost of capital over time. That demands a leader who has operated at the highest levels of both infrastructure finance and institutional capital markets. Mark is that leader, and his appointment reflects the strength of what we have built and the scale of what we intend to build."

Sean Glennan, CFO of Hut 8, said: "What distinguishes Mark is the full arc of his career -- from structuring some of the most complex transactions in the power sector at J.P. Morgan to representing NextEra Energy's investment case to the most sophisticated institutional capital in the world. His experience on both sides of the capital markets relationship gives him a fluency not only in how to present a capital story but also in how to engage rating agencies as we pursue a corporate investment-grade rating, how to build relationships with long-duration capital and how to establish a company's position in the institutional capital markets. We could not be more confident in his ability to lead that work for Hut 8."

Mr. Eidelman, head of investor relations and senior vice president of strategic finance at Hut 8, said: "Growing demand for power across AI and other energy-intensive technologies is reshaping infrastructure markets and creating new opportunities for differentiated platforms. I believe Hut 8 is uniquely positioned to continue to capitalize on this structural shift. I look forward to working closely with Asher, Sean and the rest of the leadership team as we execute on the company's growth strategy and continue building long-term shareholder value."

About Hut 8 Corp.

Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI (artificial intelligence), high performance computing and ASIC (application-specific integrated circuit) compute. The company develops, commercializes, and operates industrial-scale energy and data centre infrastructure through a power-first, innovation-driven approach.

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