JPMorgan upgrades Bitcoin mining companies Cipher and CleanSpark to "Overweight" rating

According to CoinDesk, JPMorgan has upgraded the ratings of Bitcoin mining companies Cipher and CleanSpark to "Overweight," citing strong momentum in HPC transformation, raising Cipher's target stock price from $12 to $18, and CleanSpark's to $10.8.

At the same time, JPMorgan has lowered the target stock price expectations for two other Bitcoin mining companies, MARA and Riot, to reflect the anticipated softening of Bitcoin and increased stock dilution.