Hut 8 Corp. · NASDAQ:HUT
Hut 8 — Corporate Update (December 2025)
16 slides from Hut 8's corporate update, Dec 17, 2025
Slide 1: River Bend Data Center Campus Transaction
December 17, 2025 River Bend Data Center Campus Transaction
Slide 2: Disclaimer: Cautionary Note Regarding Forward-Looking Information
Disclaimer Cautionary Note Regarding Forward-Looking Information This presentation includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward looking information”). All
Slide 3: Hut 8 River Bend Transaction
Hut 8 River Bend Transaction
Slide 4: River Bend data center: Preliminary rendering
Hut 8 4 River Bend data center: Preliminary rendering
Slide 5: Transaction overview: Base-term lease
Hut 8 5 Transaction overview: Base-term lease Note: (1) See Disclaimer for additional information on non-GAAP financial measure, expected NOI contribution; (2) Subject to the negotiation and execution of terms and definitive transaction agreements and customary closing conditions (see page 7) Data C
Slide 6: Transaction overview: Upside economics
Hut 8 6 Transaction overview: Upside economics Note: (1) See Disclaimer for additional information on non-GAAP financial measure, expected NOI contribution Upside potential is driven by embedded renewal options and a ROFO for future expansion phases totaling up to 1,000 MW Base Case Base-Term Lease
Slide 7: Transaction counterparties and roles
Hut 8 7 NYSE: GOOGL | MKT CAP1: $3,724B | S&P: AA+ | MOODY’S: Guarantor, a subsidiary of Alphabet Inc., to deliver a financial backstop that covers the lease payments and related pass-through obligations NYSE: ETR | MKT CAP1: $42B | S&P: BBB+ | MOODY’S: Baa2 Delivers scalable power supply for the si
Slide 8: Site, land control, power and fiber infrastructure
Hut 8 8 SITE & LAND CONTROL UTILITY POWER INFRASTRUCTURE SITE POWER INFRASTRUCTURE FIBER & NETWORK CONNECTIVITY Large, controlled land position with secured water access enables significant expansion Power-dense utility region with generation and transmission infrastructure capable of supporting gig
Slide 9: Power-first site origination and institutional-grade execution
Hut 8 9 Rigorous, Power-First Site Origination and Development Deep, Proactive Stakeholder Engagement Patient, Disciplined Commercialization Innovation-Driven, Institutional-Grade Execution We applied a systematic approach to identify the potential of the Louisiana market, later validated by Meta’s
Slide 10: River Bend transaction dimensions and expected impact
Hut 8 10 DIMENSION RIVER BEND TRANSACTION EXPECTED IMPACT COUNTERPARTIES Tenant Profile Fluidstack High-quality tenant at the forefront of AI research & development Lease Structure Triple net (NNN) Superior return profile relative to modified-gross structures Lease Term & Renewal 15 years + three 5-
Slide 11: Critical sitework at River Bend is underway
Hut 8 11 Clearing and rough grading of data center footprint Delivery of Entergy 230 kV breakers Construction of Entergy permanent access road Delivery of T-line poles Critical sitework at River Bend is underway Construction of switchyard Preparation for installation of transmission line conductors
Slide 12: Development Platform
Hut 8 Development Platform
Slide 13: Development stage definitions
Hut 8 13 Description Commercialized capacity Sites where Hut 8 has executed a definitive offtake agreement and commenced construction activities Sites where Hut 8 is actively investing in development and commercialization by executing definitive land and/or power agreements, advancing site design an
Slide 14: Remaining 1,230 MW capacity under development
Hut 8 14 Following the River Bend transaction, Hut 8 continues to advance 1,230 MW of remaining Capacity Under Development across three sites Site 01 River Bend 330 MW Louisiana (MISO) Site 02 1,000 MW Texas (ERCOT) Site 03 180 MW Texas (ERCOT) Site 04 50 MW Illinois (PJM) Site 04 50 MW Site 03 180
Slide 15: Hut has 1,020 MW under management across sites today
Hut 8 15 Hut 8 has 1,020 MW under management across 15 sites today APPLICATION ASSETS SCALE Natural Gas Power Generation Iroquois Falls1 Ontario 120 MW Kingston1 Ontario 120 MW North Bay1 Ontario 35 MW Kapuskasing1 Ontario 35 MW 310 MW Tier I Data Centers: ASIC Compute King Mountain Texas 280 MW Veg
Slide 16: Investor Relations and Public Relations
Investor Relations Public Relations ir@hut8.com media@hut8.com