5 Growth Stocks For 2022

Page 5 of 5

1. Hut 8 Mining Corp. (NASDAQ:HUT)

Number of Hedge Fund Holders: 10

Stock Price as of Feb. 16: $7.18

Hut 8 Mining Corp. (NASDAQ:HUT) is a cryptocurrency miner based out of Toronto, Canada. It owns close to a hundred blockboxes in the North American country.

Canaccord raised the company’s price target to $20 from $12 in November 2021.

As 2021 came to an end, Hut 8 Mining Corp. (NASDAQ:HUT) had 5,518 mined bitcoins in its reserve, for roughly 500 new additions since the second week of November. 10 hedge funds out of Insider Monkey’s poll of 867 in the third quarter of 2021 had owned the company’s shares.

Steve Cohen’s Point72 Asset Management is Hut 8 Mining Corp. (NASDAQ:HUT)’s largest investor. It owns a stake of $16 million through 1.9 million shares.

Disclosure: None. You can also take a peek at the 10 Best Stocks To Buy and Hold For 5 Years and 10 Dividend Aristocrats to Buy for 2022.

Page 5 of 5