Laravel Custom Hasher

When you need to hash and check passwords using an algorithm other than supported bcrypt or argon there is an easy way to add a custom one. When I needed to use md5 for a legacy project I have tried to quickly google a solution and most I had found were based on creating a ServiceProvider which completely overrides builtin HashManager. The other way would be to extend it instead. So I have added a following into my AuthServiceProvider's boot() method:

$this->app->make('hash')->extend('md5', function() {
    return new Md5Hasher;
});