JPMorgan Chase updates ratings of listed Bitcoin mining companies: some are adjusted back to neutral, and target prices of stocks of several companies are lowered

03/14 01:49

Wechat scan to share

JPMorgan Chase announced updates to the Bitcoin mining company ratings and stock price targets based on the fourth quarter performance report for 2024, including:

1. Upgraded the rating of IREN from Neutral to Buy, but lowered its target price from $15 to $12;

2. Downgraded the rating of Cipher Mining from Buy to Neutral, while withdrawing the $8 target price;

3. Reiterated Buy ratings for Riot Platforms and CleanSpark, and lowered their target prices to $13 and $12 respectively;

4. MARA Holdings (MARA) is rated Neutral, with the target price lowered from $23 to $18 for the company.

Comments

All Comments

Recommended for you

CointimeSG · 04/23 06:20

[Important Space Preview] Fed buys BTC? RWA is subverting the global capital game
DEGEN 2049 · 04/23 06:18

HopperDEX | Exploring the Future of DEX with Tess Ventures

During an insightful dinner conversation with Tess Hau, founder of Tess Ventures, the Hopper team in Silicon Valley delved into the future of multi-chain decentralized exchanges (DEX).
DEGEN 2049 · 04/23 06:18

This Is What DeFi Looks Like When It Grows Up

Why Hopper? Because it's the DEX crypto deserves—built not for hype, but for the future. We’ve completed our closed beta and are now preparing for our mainnet launch and upcoming IDO. The results? Better than we imagined.
BitradeX · 04/23 06:16

BitradeX Joins Forces with NVIDIA: How GPU Power is Reshaping the "Decisive Edge" in AI Trading

Program is just the first step in BitradeX's computing power ambition.
Decrypt · 04/23 05:52

Yuga Labs Demands $400K in Influencer’s Crypto Wallets Over NFT Lawsuit

The company has accused influencer Jeremy Cahen of evading a court order tied to the Bored Ape trademark case.
Marcel Pechman · 04/23 04:16

Bitcoin analysts target $95K as Trump’s trade war cools — Do BTC futures agree?

Bitcoin soars to $91,695 as stock markets rebound on hints of progress in Trump’s trade war. Are BTC futures traders drinking the same Kool-Aid?
BRAYDEN LINDREA · 04/23 04:08

Former SEC Chair Jay Clayton sworn in as interim US attorney for Manhattan

Trump pick Jay Clayton was appointed interim US attorney for the Southern District of New York after Senate Democrat leader Chuck Schumer blocked a vote on his confirmation.
04/23 03:36

U.S. strategic Bitcoin reserves may announce details in the coming weeks

Trump signed an executive order in early March this year proposing to establish a national strategic reserve of Bitcoin and other tokens, and requested the Treasury Secretary to submit an evaluation report on the legality and feasibility of the plan within 60 days. With less than two weeks remaining until the 60-day deadline set by Trump's executive order, this means that more details about the US Bitcoin reserve will soon be disclosed. Market expectations for this may be one of the important catalysts for the recent rebound in cryptocurrency. In addition, any comments questioning the independence of the Federal Reserve have also had a positive spillover effect on Bitcoin.
CointimeSG · 04/23 02:32

Grayscale CEO Peter Mintzberg reveals plans for crypto giant’s next act

A pioneer in the early digital asset industry, Grayscale went on to become the face of a bold legal fight to expand access to Bitcoin through ETFs.
Coindesk · 04/22 10:33

WazirX to Get Day in Court Next Month, With Payouts After 10 Days If Recovery Plan is Approved

The exchange has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan.