The Golden Finance report stated that JPMorgan Chase stated that at the current BTC price, the value of the remaining 1.3 million BTC to be mined is approximately 74 billion USD. JPMorgan Chase stated that considering the performance of the second quarter and the changes in BTC price and computing power of the network, it has lowered the target stock price of mining companies, reducing CleanSpark’s target stock price from 12.50 USD to 10.50 USD, while maintaining a neutral rating on the stock. It lowered the target price of Iren from 11 USD to 9.50 USD and maintained a buy rating. The price target of Marathon Digital with a sell rating was lowered from 14 USD to 12 USD, and the price target of RiotPlatforms with a buy rating was lowered from 12 USD to 9.50 USD.
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JPMorgan Chase lowers target stock prices for mining companies like CleanSpark
The Golden Finance report stated that JPMorgan Chase stated that at the current BTC price, the value of the remaining 1.3 million BTC to be mined is approximately 74 billion USD. JPMorgan Chase stated that considering the performance of the second quarter and the changes in BTC price and computing power of the network, it has lowered the target stock price of mining companies, reducing CleanSpark’s target stock price from 12.50 USD to 10.50 USD, while maintaining a neutral rating on the stock. It lowered the target price of Iren from 11 USD to 9.50 USD and maintained a buy rating. The price target of Marathon Digital with a sell rating was lowered from 14 USD to 12 USD, and the price target of RiotPlatforms with a buy rating was lowered from 12 USD to 9.50 USD.