Deep Tide TechFlow news, on December 10, according to CoinDesk, JPMorgan Chase released its latest research report, upgrading the ratings of several Bitcoin mining companies based on third-quarter performance and the rise in Bitcoin prices and hash rates.
Among them, Cipher Mining and CleanSpark ratings were upgraded from 'Neutral' to 'Overweight', with target prices of $8 and $17 respectively; MARA Holdings was upgraded from 'Underweight' to 'Neutral', with the target price raised from $12 to $23. As a result, Cipher rose over 4% in pre-market trading, CleanSpark rose 3.5%, and MARA rose over 2%.
At the same time, the bank downgraded IREN's rating to 'Neutral', but raised the target price to $15, and maintained an 'Overweight' rating for Riot Platforms, with the target price raised to $16.
