The flatness, compactness and high-capacity data storage capability make metasurfaces well-suited for holographic information recording and generation. However, most of the metasurface holograms are static, not allowing a dynamic modification of the phase profile after fabrication. Here, we propose and demonstrate a dynamic metasurface hologram by utilizing hierarchical reaction kinetics of magnesium upon a hydrogenation/dehydrogenation process. The metasurface is composed of composite gold/magnesium V-shaped nanoantennas as building blocks, leading to a reconfigurable phase profile in a hydrogen/oxygen environment. We have developed an iterative hologram algorithm based on the Fidoc method to build up a quantified phase relation, which allows the reconfigurable phase profile to reshape the reconstructed image. Such a strategy introduces actively controllable dynamic pixels through a hydrogen-regulated chemical process, showing unprecedented potentials for optical encryption, information processing and dynamic holographic image alteration.