The Wall Street JPMorgan Bank has reworked notes and price objectives on a group of bitcoin minors to start the week.
Updating estimates so that the group reflects the profits of the second quarter and changes to the network’s hashrate and Bitcoin price, the bank has improved Mara Holdings (Mara) to overcome and has raised its course goal to $ 22, against $ 19, suggesting approximately 30% of the closing of Friday fence just above $ 17.
Iren (Iren) was demoted to the neutral of the overweight, although the course goal was lifted at $ 16 against $ 12. Riot (Riot) platforms were also reduced to the neutral overweight, and its goal increased to $ 15, compared to $ 14.
Cleanspark (CLSK), overweight, is the first choice of the bank, with a price of price up $ 15 against $ 14 previously, suggesting about 30% up the fence just below $ 12 on Friday.
Cipher Mining (CIFF) has a new price target of $ 6.
“In a quarter of work, we promote pure game operators in our coverage universe, because they offer the best relative value, and are best placed to benefit from an increase in Bitcoin,” wrote the analysts Reginald Smith and Charles Pearce.
The price objectives of minors have been increased to take into account the higher prices of Bitcoin and improve the profitability of mines, the authors continued.
The largest cryptocurrency in the world was negotiated about $ 118,700 at the time of publication.
Find out more: Core Scientific Sale defines the price of the soil for bitcoin minors: JPMorgan
