From Investing.com: 2024-04-11 07:52:09

JPMorgan analyzes crypto mining companies, adjusting price targets based on Bitcoin’s 13% surge and a 4% network hashrate increase. Spot Bitcoin price forecast raised to $68,000, with network hashrate projection at 600 EH/s. Ratings adjusted for Riot Platforms, Iris Energy, Marathon Digital, and CleanSpark.

J.P. Morgan’s report estimates the value of remaining 1.3 million Bitcoin at $95 billion. Despite concerns over the security risks of the Bitcoin halving event, historical data suggests minimal impact. Mentioned companies like Cipher Mining, CleanSpark, IREN, MARA, and RIOT were highlighted for various strengths and weaknesses in the crypto mining industry.

Read more at Investing.com: JPMorgan tweaks price targets and ratings for bitcoin miners By Investing.com