Mr. Asher Genoot reports

HUT 8 NAMES E. STANLEY O'NEAL CHAIR OF THE BOARD

Hut 8 Corp. has appointed E. Stanley (Stan) O'Neal as chair of the board of directors, effective immediately. Mr. O'Neal, an independent director of the company since November, 2023, succeeds William (Bill) Tai, who will continue to serve as a director and as a member of the nominating and governance committee.

Asher Genoot, chief executive officer of Hut 8, said: "Our ambition is to build at the intersection of energy and next-generation technologies for decades to come. We are grateful to Bill, Hut's founding chair, for stewarding us through the formative years that have positioned us to pursue this ambition, and we welcome Stan to the chair for the stretch ahead. Stan led one of the world's largest financial institutions and has served on our board since the early days of U.S. Bitcoin Corp. As chair, he will lead the board with the discipline and judgment required of a major institutional leader and the first-hand perspective developed through years with the company."

Mr. O'Neal, chair of the board of Hut 8, said: "The reorganization of capital around energy, digital infrastructure and compute is among the largest I have seen in my career. At this scale of capital deployment, advantage accrues to operators whose position is structural. Hut 8 has built such a position with intent: a power-first foundation, an engineering discipline rooted in first principles and an operating model proven across evolving markets. The board will continue to work with management, providing oversight and governance aligned with the demands of a business operating at Hut 8's scale and ambition."

Mr. Tai, independent director of Hut 8, said: "I've spent my career backing companies at the frontier of technology, and few transformations have been as remarkable as the one Hut 8 has made -- from its earliest days as a pioneering start-up to the institutional platform it is today. Chairing this board through that growth has been one of the great privileges of my career. I could not be more excited to hand the chair to Stan, who has served beside me on this board for years. I do so with full confidence in him, and in Asher and Mike, who have built something rare, with the potential to become one of the category-defining companies of our time."

About E. Stanley O'Neal

Mr. O'Neal has served on the Hut 8 board since November, 2023, and previously served as a director of U.S. Data Mining Group Inc. from March, 2021, through its merger with Hut 8 Mining Corp. Mr. O'Neal is former chairman and chief executive officer of Merrill Lynch & Co. Inc. He was named chief executive officer in 2002 and elected chairman in 2003, serving in both positions until October, 2007. Mr. O'Neal currently serves on the boards of Clearway Energy Inc. and Element Solutions Inc., and served previously on the board of directors of General Motors from 2001 to 2006 and on the board of directors of Arconic from 2008 (through Arconic's predecessor, Alcoa) to August, 2023. He also served as director of American Beacon Advisors Inc. from 2009 to September, 2012.

About William (Bill) Tai

Mr. Tai served as chair of the Hut 8 board from November, 2023, to June, 2026, and previously served as a director and chair of Hut 8 Mining from March, 2018, through its merger with U.S. Bitcoin. He is a venture capitalist, and was an early investor in high-profile start-ups including Canva, Color Genomics, Dapper Labs, SafetyCulture, TweetDeck and Zoom Video. Mr. Tai has co-founded several successful technology companies including IPInfusion and Treasure Data Inc., where he served as chairman. He has served as a director of seven publicly listed companies.

2026 director election results

On June 11, 2026, Hut 8 held its 2026 annual meeting of stockholders. At the meeting, each of the eight nominees listed in the company's definitive proxy statement dated April 28, 2026, was elected as a director of the company to hold office until the next annual meeting of stockholders or until his or her successor is duly elected or appointed, subject to earlier resignation or removal. Of the 70,859,886 total votes cast (including abstentions), the votes cast for each director were as follows.

Final voting results on all matters voted on at the meeting will be filed on Form 8-K with the U.S. Securities and Exchange Commission and on SEDAR+.

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 artificial intelligence, high performance computing and ASIC 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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