Hut 8 Corp.

- Refinanced the Company's $200.0 million Bitcoin-backed credit facility through a new facility with FalconX, reducing facility cost of debt from 9.0% to 7.0% and, upon the closing of the new facility, releasing approximately 3,300 BTC from collateral.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

Following the conversion of the Company's $150.0 million Coatue convertible note, Hut 8 carries no general recourse debt at the parent level.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

$ $ 10,000 Issuance of common stock convertible note conversion $ 158,642 $ Debt issuance costs included in accounts payable and accrued expenses $ 15,943 $ Reconciliation of cash, restricted cash, and cash equivalents to the Unaudited Condensed Consolidated Balance Sheets: Cash $ 233,579 $ 216,251 Restricted cash and cash equivalents 6,787,147 6,101 Total cash, restricted cash, and cash equivalents $ 7,020,726 $ 222,352 See accompanying Notes to Unaudited Condensed Consolidated Financial Statements 7 Table of Contents Note 1.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

These project accounts, including construction and debt service reserve accounts, are restricted for use in the development and construction of the Company s data center projects and the payment of related debt service.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

Debt issuance costs Debt issuance costs are presented as a direct deduction from the carrying amount of the related loans and notes payable and amortized to interest expense over the term of the related debt using the effective interest method.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

12 Table of Contents Capitalized interest The Company capitalizes interest cost incurred on its project-level debt during the period required to construct, develop, and prepare qualifying assets for their intended use, in accordance with FASB ASC Topic 835-20, Interest Capitalization of Interest ( ASC 835-20 ).

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

“Delivery is now our central priority.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

Capital Strategy and Balance Sheet - Maintained a strong liquidity position, supported by approximately $8.1 billion in unrestricted cash, restricted cash and cash equivalents, and Bitcoin holdings, including $7.6 billion attributable to Hut 8 and $497.2 million attributable to American Bitcoin, as of June 30, 2026.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

Excludes 1,000 MW of potential expansion capacity at River Bend (subject to the expansion of power at the site), for which Fluidstack holds a ROFO under the River Bend lease.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

Non-GAAP Financial Measures In addition to its results determined in accordance with GAAP, the Company relies on Adjusted EBITDA, inclusive of digital assets mark-to-market; Adjusted EBITDA; and expected net operating income (NOI) contribution, which are non-GAAP financial measures, to evaluate its business, measure its performance, and inform strategic decision-making.

SEC original ↗Hut 8 Corp. — Earnings release (8-K exhibit)EX-99Aug 4, 2026

The divestiture did not meet the criteria to be classified as discontinued operations as it did not represent a strategic shift that would have a major effect on the Company s operations or financial results.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

Legal Proceedings 71 Item 1A.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

Such statements are based on management s current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026

American Bitcoin exercised the option on August 5, 2025 and entered into an On-Rack Sales and Purchase Agreement (the 2025 ABTC Bitmain Purchase Agreement ) with Bitmain to purchase the Bitmain Miners in one or more tranches for a total purchase price of up to approximately $ 320.0 million, not including any applicable tariffs, duties or similar charges.

SEC original ↗Hut 8 Corp. — 10-Q Quarterly report10-QAug 4, 2026