Try it with a filter:
add_filter( 'wp_new_user_notification_email', 'custom_wp_new_user_notification_email', 10, 3 );
function custom_wp_new_user_notification_email( $wp_new_user_notification_email, $user, $blogname ) {
// filter stuff in $wp_new_user_notification_email here
return $wp_new_user_notification_email;
}
Source: https://developer.wordpress.org/reference/functions/wp_new_user_notification/#comment-3130