Off goes HUT. The stock surged today. Here's why:

Shares of Hut 8 Mining Corp (HUT) are trading 14% higher at a price of $1.795 at the time of this writing. The move comes along with general thematic sector buying in it's peers MARA and RIOT. Investors seem to have an appetite for the beleaguered crypto miners today despite an increasingly complex and volatile crypto landscape.

Hut 8 Mining Corp has been trading between a 52-week high of $16.57 and a 52-week low of $1.27. The stock has a market cap of $319 Million.

Hut 8 is one of North America’s largest innovation-focused digital asset miners, supporting open and decentralized systems since 2018. Located in energy rich Alberta, Canada, Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined Bitcoin than any crypto miner or publicly traded company globally. Hut 8 is executing on its commitment to mining and holding Bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of Bitcoin’s market direction.

Comments:
InDebtBigTime - 1 upvotes - source
I bought puts on HUT, they don't expire until late Aug but still think I timed it wrong. 130,000 fake internet money's are about to hit the market in August from the mt.gox fallout.