JPMorgan Raises Price Targets for Several Bitcoin Mining Companies

According to a report by CoinDesk, JPMorgan raised its target prices for several Bitcoin mining companies in a research note released on June 13. The target price for CleanSpark (CLSK) was increased 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 the adjustment is based on expectations of a 24% rise in Bitcoin prices and a 9% increase in total network hash rate. The report reiterated an "Overweight" rating for CleanSpark, IREN, and Riot Platforms, while maintaining a "Neutral" rating for Cipher Mining and MARA Holdings.