JPMorgan raises target prices for several Bitcoin mining companies

ChainCatcher news, according to CoinDesk, JPMorgan raised the target stock prices of several Bitcoin mining companies in a research report released on June 13. Among them, CleanSpark (CLSK) target price was raised from $12 to $14, Riot Platforms (RIOT) from $13 to $14, and MARA Holdings (MARA) from $18 to $19.

The bank's analysts stated that this adjustment is based on the expectation of a 24% increase in Bitcoin prices and a 9% growth in overall network hash rate. The report reiterated "overweight" ratings for CleanSpark, IREN, and Riot Platforms, while maintaining "neutral" ratings for Cipher Mining and MARA Holdings.