01 -
Preheat oven to 350°F. Line and grease three 8-inch round cake pans with parchment paper to ensure easy release.
02 -
Whisk together flour, sugar, cocoa powder, baking soda, baking powder, and salt in a large bowl until evenly mixed to prevent clumps.
03 -
In a separate bowl, whisk milk, vegetable oil, vanilla extract, and eggs until smooth to ensure even incorporation.
04 -
Slowly add the wet ingredients to the dry mixture, stirring gently. Incorporate hot water last; batter will be thin, contributing to a moist, tender crumb.
05 -
Divide batter evenly among prepared pans. Bake for 22 to 25 minutes until a toothpick inserted in the center comes out clean. Cool in pans for 10 minutes before transferring to a wire rack.
06 -
Beat softened butter and peanut butter together until smooth. Gradually add half the powdered sugar with 2 tablespoons of milk or water, then add remaining sugar and liquid to achieve a spreadable consistency.
07 -
Trim cake layers with a serrated knife for even stacking. Place first layer on serving plate, spread frosting evenly, sprinkle chopped Reese’s, add more frosting. Repeat for the second layer, then place the final cake layer on top.
08 -
Apply a thin crumb coat to seal in loose crumbs. Chill briefly, then cover the entire cake with remaining frosting for a smooth finish.
09 -
Heat heavy cream just to a simmer. Pour over chocolate chips and let stand for 2 minutes, then whisk gently until glossy and smooth.
10 -
Drizzle ganache carefully along the edges to create drips, then spread lightly over the top. Garnish with halved and crumbled Reese’s once the ganache firms slightly.