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JPMorgan upgrades ratings for multiple BTC mining companies
Golden Finance reported that JPMorgan Chase released the latest research report, raising the ratings of multiple BTC mining companies based on the performance in the third quarter and the pump of BTC price and Computing Power. Among them, Cipher Mining and CleanSpark were upgraded from neutral to buy, with target prices of $8 and $17, respectively; MARA Holdings was upgraded from sell to neutral, with the target price raised from $12 to $23. As a result, Cipher rose more than 4% before the market opened, CleanSpark rose 3.5%, and MARA rose more than 2%. Meanwhile, the bank downgraded IREN’s rating to neutral, but raised the target price to $15, and maintained a buy rating for Riot Platforms with a target price raised to $16.