JPMorgan Increases Target Prices for Bitcoin Mining Companies Amid Rising Profits

According to PANews, JPMorgan has raised the target prices for several Bitcoin mining companies, including CleanSpark, Riot Platforms, and MARA Holdings, reflecting the increase in Bitcoin prices and improved mining profits. The target price for CleanSpark (CLSK) has been increased from $12 to $14, Riot Platforms (RIOT) from $13 to $14, and MARA Holdings to $19. The bank maintains an 'overweight' rating for CleanSpark, IREN, and Riot Platforms, while keeping a 'neutral' rating for Cipher and MARA. Analysts have adjusted the expected Bitcoin spot price upward by 24% and increased the estimated network hash rate by 9%.