JPMorgan Chase lowers target stock prices for mining companies such as CleanSpark

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Golden Finance reported that JPMorgan stated that based on the current price of BTC, the remaining 1.3 million BTC to be mined is worth about $74 billion. JPMorgan stated that considering the second quarter performance, changes in BTC price and network computing power, it has lowered the target stock price of mining companies, reducing CleanSpark’s target stock price from $12.50 to $10.50 while maintaining a neutral rating. It has reduced Iren’s target price from $11 to $9.50 and maintained a buy rating. The price target for Marathon Digital, with a sell rating, has been lowered from $14 to $12, and the price target for RiotPlatforms, with a buy rating, has been lowered from $12 to $9.50.

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