JPMorgan raises target prices for multiple Bitcoin mining companies

According to ChainCatcher news and a report from CoinDesk, JPMorgan raised the target stock prices of several Bitcoin mining companies in a research report released on June 13. Among them, CleanSpark (CLSK) raised its target price from $12 to $14, Riot Platforms (RIOT) from $13 to $14, and MARA Holdings (MARA) from $18 to $19. The analysts in this report state that this adjustment is based on the expectation of a 24% increase in Bitcoin prices and a 9% growth in overall network hash rate. The report reiterates the buy ratings for CleanSpark, IREN, and Riot Platforms, while maintaining neutral ratings for Cipher Mining and MARA Holdings.

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