Item 1.02 Termination of a Material Definitive Agreement.

The information set forth in Item 8.01below is incorporated into this Item 1.02by reference.

As a result of the events described in Item 8.01, below, ETHZilla Corporation's (the "Company's" or "our") obligations under that certain August 8, 2025, Securities Purchase Agreement previously disclosed in the Current Reports on Form 8-K filed by the Company, with the Securities and Exchange Commission (the "SEC") on August 11, 2025, as amended by Amendment No. 1 thereto filed with the SEC on August 21, 2025 and September 22, 2025, as amended by Amendment No. 1 thereto filed with the SEC on September 25, 2025, with investment funds managed by an institutional investor (the "Investor"), under which the Company sold and issued to the Investor senior secured convertible notes (the "August 2025 Convertible Notes") in an aggregate principal amount of $156,250,000, and that certain September 22, 2025, Amendment and Waiver Agreement entered into with the Investor (the "Amendment Agreement"), pursuant to which, among other things, the Company sold the Investor a new series of senior secured convertible (the "September 2025 Convertible Notes", and together with the August 2025 Convertible Notes, the "Convertible Notes") in the aggregate principal amount of $360 million, were terminated. The Convertible Notes were previously secured by an aggregate of approximately $509,090,000 in cash (the "Cash Collateral") and 11,374.893513 of Ether (ETH) (the "Specified ETH Amount") as of December 9, 2025 (the "ETH Collateral"). Both the Cash Collateral and the ETH Collateral were held in restricted accounts in accordance with the agreements with the Investor.No material early termination penalties were incurred by the Company in connection with such termination, except as discussed in Item 8.01, below.

Item 8.01 Other Events

On December 9, 2025, as previously disclosed, the Company entered into a Note Mandatory Redemption Agreement (the "Redemption Agreement") with the Investor, pursuant to which we agreed to repurchase and redeem the Convertible Notes for a purchase price equal to 117% of the aggregate outstanding principal amount of the Convertible Notes, plus accrued and unpaid interest, late charges (if any), and any other amounts (if any) owed by the Company to the Investor.

On December 30, 2025, (the "Redemption Deadline"), pursuant to the terms of the Redemption Agreement, the Company redeemed all of the Convertible Notes, at a redemption price equal to 117% of the principal amount of such Convertible Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The total amount of principal, accrued interest, and premium paid was $516,148,000, $1,766,605, and $87,745,160, respectively.