No. The original Wii does not support video playback from external USB hard drives.
/movies/ folder. Supported: DivX/XviD (AVI), H.264 MP4 (up to 720p/30fps, baseline/main), MPEG-2 (DVD rips). No HEVC/VP9/MKV reliably.Bottom line: Possible with homebrew + WiiMC, but painful. Use a modern streamer.