Hut 8 Shares Fall 16.42% Intraday to $53.28 on Wednesday

Hut 8 shares fell 16.42% to $53.28 during Wednesday's U.S. trading session, marking a sharp move for the publicly traded Bitcoin miner.

The decline and quoted price refer to Hut 8 stock, which trades under the HUT symbol. The $53.28 figure is the price of one share at the snapshot; the 16.42% figure is the stock's intraday decline. Neither figure describes the price of Bitcoin (BTC).

Wednesday's quote reflects trading before the session ended. The stock can move again before the close, when its final daily change will be established. For now, the $53.28 price marks a steep slide in the shares of a company that mines Bitcoin.