Coin-Turk 16 minutes ago
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JPMorgan, following the fourth quarter of 2024 data, has updated its price targets and forecasts for the Bitcoin 
$81,050 mining sector. The bank adjusted its predictions not only for Bitcoin price fluctuations but also for the growth of the network’s hashrate.
Adjustments in Price Targets
JPMorgan raised its evaluation of IREN, a company it prioritizes in the sector, from neutral to positive. However, it lowered the price target for IREN from $15 to $12. In contrast, Cipher Mining was downgraded from overweight to neutral, while Riot Platforms and CleanSpark maintained their overweight ratings. Changes were noted in the price targets set for these companies.
JPMorgan’s Predictions
The bank reiterated its neutral stance on MARA Holdings, adjusting its price target down from $23 to $18. It observed a nearly 10% decrease in Bitcoin price assumptions coupled with an 80% increase in hashrate growth forecasts. This scenario led to a significant decline in the total market value of the sector.
The bank’s report highlighted that the total market value of five mining st…
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