​​JPMorgan Raises Price Targets for Bitcoin Mining Companies Like CleanSpark​

BlockBeats News, June 13 – According to a report by CoinDesk on June 13, JPMorgan has raised the target stock prices for several Bitcoin mining companies in its latest research report. Among them, CleanSpark (CLSK) saw its target price increase from $12 to $14, Riot Platforms (RIOT) was adjusted from $13 to $14, and MARA Holdings (MARA) was revised from $18 to $19.

The bank's analysts stated that this adjustment is based on an expected 24% increase in Bitcoin prices and a 9% growth in overall 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.