JPMorgan cuts target share price of mines such as CleanSpark
2024-08-23 11:52:33
Morgan Grand Tong said according to currently bitcoin price remaining 130desk3cryptocurrencydesktopCrypto News
JPMorgan said that at the current bitcoin price, the remaining 1.30 million BTC to be mined are worth about $74 billion. JPMorgan said that considering the second quarter results and changes in bitcoin prices and network hashrate, it lowered the target price of the miner, lowering the target price of CleanSpark from $12.50 to $10.50, while maintaining a neutral rating on the stock. It lowered the Iren target price from $11 to $9.50 and maintained an overweight rating. The price target for underweight Marathon Digital was lowered from $14 to $12, and the price target for overweight Riot Platforms was lowered from $12 to $9.50.
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