The Bitcoin crash has weighed heavily on the stocks of companies whose business is mining the flagship cryptocurrency. Hut 8 Mining (HUT) is a major Bitcoin miner. Its stock has plunged more than 50% year-to-date to trade under $4. The Bitcoin price is 47% off its peak and 21% down year-to-date.  Considering Hut 8’s business prospects and the crypto industry outlook, the stock seems massively undervalued. There are many reasons to believe HUT stock will not stay this low for a long time.  What Exactly Does Hut 8 Do and How Does It Make Money? Hut 8 is a Canada-based technology company. Its primary business is mining cryptocurrencies.
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