Mr. Asher Genoot reports

HUT 8 COMMITS $16 MILLION TO EXPAND WATER INFRASTRUCTURE IN WEST FELICIANA PARISH

Hut 8 Corp. has signed an agreement with West Feliciana Parish, Louisiana, to invest approximately $16-million to expand local water system capacity in connection with the development of its River Bend AI data centre campus. The investment includes the construction of a new water well, approximately eight miles of water main and other system enhancements, which will be transferred to the parish upon completion, expected in the second half of 2026, at no cost to taxpayers.

These improvements are expected to expand system capacity and reliability across West Feliciana Parish, with the potential to benefit more than 4,000 households and more than 200 employer establishments, based on U.S. Census Bureau data. The investment aligns with broader efforts across Louisiana to strengthen water infrastructure, including the state's $750-million water sector program, established to finance repairs and upgrades to community water systems. By expanding core system capacity through private investment, the project is also expected to help preserve public funding capacity for other infrastructure priorities across the parish.

The River Bend campus is expected to deliver significant economic impact to the Capital Region. Phase 1 alone represents a multibillion-dollar capital investment, ranking among the largest planned private infrastructure projects in the state's history. At peak construction, Hut 8 anticipates approximately 1,000 construction workers on site. Once operational, phase 1 is expected to support at least 75 direct permanent jobs and approximately 193 indirect jobs, or 268 jobs in total.

At River Bend, Hut 8 is expanding the local water system while designing its facilities to minimize demand on it. The campus will use a closed loop cooling system that significantly reduces continuing water requirements and relies on water outside the residential aquifer, with no impact to the local water supply.

Asher Genoot, chief executive officer of Hut 8, said: "We build infrastructure for communities, not just for ourselves. At River Bend, that means strengthening the water system the parish depends on rather than straining it. As the United States scales AI infrastructure, we believe this approach will set the standard for how AI infrastructure is developed in communities across the country."

Kenny Havard, Parish president of West Feliciana Parish, said: "This is a real investment in the infrastructure our parish needs. It will strengthen our water system and expand service in areas that need it most without adding cost for our residents. It puts us in a position to handle future growth in the right way while protecting the resources our community depends on."

The River Bend campus is part of Hut 8's integrated North American energy and digital infrastructure platform, developed in partnership with public and private sector stakeholders.

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, 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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