JPMorgan updates Bitcoin mining company ratings: Some are revised to neutral, multiple companies' stock target prices are lowered
Golden Finance reports that JPMorgan Chase has announced updates to the ratings and target prices of listed Bitcoin mining companies based on the Q4 2024 earnings report, mainly including:
1. Upgrading IREN's rating from neutral to overweight, but lowering its target price from $15 to $12;
2. Downgrading Cipher Mining's rating from overweight to neutral, while withdrawing a target price of $8;
3. Reiterating an overweight rating for Riot Platforms and CleanSpark, and reducing their respective target prices to $13 and $12;
4. Rating MARA Holdings (MARA) as neutral, with the company's target price lowered from $23 to $18.
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