JPMorgan analysts have raised their price targets for Bitcoin mining stocks. The updated stocks include MARA Holdings, CleanSpark, Riot Platforms, and IREN.

The analysts made the assessment by taking into account the miners’ electric power assets and BTC reserves.

MicroStrategy’s BTC treasury is worth 2.4 times the company’s value. The company has gained 450% since the beginning of the year.

Bitcoin miners have purchased new facilities to adapt to the reward halving in April. Riot Platforms’ power portfolio is worth $1.3 billion.