JPMorgan Adjusts Ratings for Bitcoin Mining Companies Amid Market Shifts

According to ChainCatcher, JPMorgan has upgraded the ratings of Bitcoin mining companies Cipher and CleanSpark to 'overweight' due to strong momentum in their HPC transformation. The target stock price for Cipher has been increased from $12 to $18, while CleanSpark's target has been raised to $10.8. However, JPMorgan has lowered the stock price expectations for two other Bitcoin mining firms, MARA and Riot, citing anticipated Bitcoin weakness and increased stock dilution.