JPMorgan Chase raises target prices for multiple Bitcoin mining companies, optimistic about improved profitability

According to CoinDesk, JPMorgan Chase has raised target prices for mining companies such as CleanSpark, Riot Platforms, and MARA Holdings, reflecting the rise in Bitcoin prices and improved mining profits. CLSK's target price has risen from $12 to $14, RIOT has risen from $13 to $14, and MARA has risen to $19. The bank maintains an 'increase' rating for CLSK, IREN, and RIOT, and a 'neutral' rating for Cipher and MARA. Analysis shows that Bitcoin spot prices are expected to increase by 24%, and the overall network computing power forecast is expected to increase by 9%.