According to ChainCatcher, JPMorgan raised the target stock prices of several Bitcoin mining companies in a research report released on June 13. The target price for CleanSpark was raised from $12 to $14, Riot Platforms from $13 to $14, and MARA Holdings from $18 to $19.
The analyst in this line stated that the adjustment is based on the expectation of a 24% increase in Bitcoin prices and a 9% growth in total network computing power. The report reaffirms a "buy" rating for CleanSpark, IREN, and Riot Platforms, while maintaining a "neutral" rating for Cipher Mining and MARA Holdings.
