TechFlow news, on December 10, according to CoinDesk, JPMorgan released a new research report upgrading ratings for several Bitcoin mining companies based on their Q3 performance and rising Bitcoin prices and hash rate.
Cipher Mining and CleanSpark were upgraded from "neutral" to "overweight," with price targets set at $8 and $17 respectively; MARA Holdings was upgraded from "underweight" to "neutral," with its price target raised from $12 to $23. Following the news, Cipher rose over 4% in pre-market trading, CleanSpark gained 3.5%, and MARA climbed over 2%.
Meanwhile, the bank downgraded IREN to "neutral" but raised its price target to $15, while maintaining an "overweight" rating on Riot Platforms with a price target increased to $16.
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