We present a novel and global three-dimensional reduction of a nondimensionalized version of the four-dimensional Hodgkin–Huxley equations [J. Rubin and M. Wechselberger, Biol. Cybernet., 97 (2007), pp. 5–32] that is based on geometric singular perturbation theory. We investigate the dynamics of the resulting three-dimensional system in two parameter regimes in which the flow evolves on three distinct timescales. Specifically, we demonstrate that the system exhibits bifurcations of oscillatory dynamics and complex mixed-mode oscillations, in accordance with the geometric mechanisms introduced in [P. Kaklamanos, N. Popović, and K. U. Kristiansen, Chaos, 32 (2022), 013108], and we classify the various firing patterns in terms of the external applied current. While such patterns have been documented in [S. Doi, S. Nabetani, and S. Kumagai, Biol. Cybernet., 85 (2001), pp. 51–64] for the multiple-timescale Hodgkin–Huxley equations, we elucidate the geometry that underlies the transitions between them, which had not been previously emphasized.