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JP Morgan downgrades bitcoin mining company CleanSpark stock to neutral

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2025-09-28 09:08:02
JPMorgan Chase downgraded U.S. bitcoin mining firm CleanSpark Inc. (NASDAQ: CLSK) to "neutral" from "overweight" and lowered its price target to $14 from $15, citing valuation concerns.
It is reported that CleanSpark's August mining output of 657 BTC, bitcoin holdings reached 12,827. Data show that CLSK rose more than 60% this month, the current stock price is $12.96, the total market value is $3.643 billion, 2025Q3 revenue 198.60 million dollars, slightly lower than expected.
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