Shares of Hut 8 Mining Corp (HUT) are trading -11% lower at a price of $2.4 at the time of this writing. While it's a somewhat glum day for the Information Technology sector in general, the stock is falling behind it's peers.

The share price is likely moving as a result of the recent earnings call on August 11.

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 $461 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.

Hut 8 Mining Corp: Hut 8 Mining Launches At-The-Market Equity Program
Finanz Nachrichten 08-17-22

Hut 8 Mining may sell up to $200M of shares in new at-the-market program
Seeking Alpha 08-17-22

Hut 8 Mining Launches At-The-Market Equity Program
PR Newswire 08-17-22

Hut 8 Mining Launches At-The-Market Equity Program
Kwhen Finance 08-17-22

Bitcoin Miners: Marathon Digital, Hut8, Bitfarms Earnings Miss Mark
Investor''s Business Daily 08-17-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

thebossphoenix - 2 upvotes - source
This is the thunderdome not weenie hut jr

LavenderAutist - 1 upvotes - source
Did you ever learn how to make the Pizza Mia while working at Pizza Hut?

WillyGeyser - 1 upvotes - source
You'd be swimming, iv crush would have definitely occurred hut it'd still be insane IV and your strike is the current price, so a 10-bagger assuming we stay near 10 at open.

TJMBeav - 1 upvotes - source
Omaha! Omaha. Hut, hut hut...go