• bitcoinBitcoin (BTC) $ 103,943.00
  • bitcoinBitcoin (BTC) $ 103,943.00
  • ethereumEthereum (ETH) $ 3,505.76
  • ethereumEthereum (ETH) $ 3,505.76
  • tetherTether (USDT) $ 0.999758
  • tetherTether (USDT) $ 0.999758
  • xrpXRP (XRP) $ 2.27
  • xrpXRP (XRP) $ 2.27
  • bnbBNB (BNB) $ 951.15
  • bnbBNB (BNB) $ 951.15
  • usd-coinUSDC (USDC) $ 0.999695
  • usd-coinUSDC (USDC) $ 0.999695
  • staked-etherLido Staked Ether (STETH) $ 3,506.17
  • staked-etherLido Staked Ether (STETH) $ 3,506.17
  • tronTRON (TRX) $ 0.281064
  • tronTRON (TRX) $ 0.281064
  • dogecoinDogecoin (DOGE) $ 0.165109
  • dogecoinDogecoin (DOGE) $ 0.165109
  • cardanoCardano (ADA) $ 0.541266
  • cardanoCardano (ADA) $ 0.541266
  • wrapped-stethWrapped stETH (WSTETH) $ 4,272.81
  • wrapped-stethWrapped stETH (WSTETH) $ 4,272.81
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,151.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,151.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,791.71
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,791.71
  • chainlinkChainlink (LINK) $ 15.03
  • chainlinkChainlink (LINK) $ 15.03
  • hyperliquidHyperliquid (HYPE) $ 37.53
  • hyperliquidHyperliquid (HYPE) $ 37.53
  • bitcoin-cashBitcoin Cash (BCH) $ 497.34
  • bitcoin-cashBitcoin Cash (BCH) $ 497.34
  • usdsUSDS (USDS) $ 0.999925
  • usdsUSDS (USDS) $ 0.999925
  • wrapped-eethWrapped eETH (WEETH) $ 3,787.12
  • wrapped-eethWrapped eETH (WEETH) $ 3,787.12
  • ethena-usdeEthena USDe (USDE) $ 0.999349
  • ethena-usdeEthena USDe (USDE) $ 0.999349
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999465
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999465
  • stellarStellar (XLM) $ 0.276556
  • stellarStellar (XLM) $ 0.276556
  • leo-tokenLEO Token (LEO) $ 9.49
  • leo-tokenLEO Token (LEO) $ 9.49
  • wethWETH (WETH) $ 3,510.49
  • wethWETH (WETH) $ 3,510.49
  • whitebitWhiteBIT Coin (WBT) $ 52.72
  • whitebitWhiteBIT Coin (WBT) $ 52.72
  • suiSui (SUI) $ 2.05
  • suiSui (SUI) $ 2.05
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,967.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,967.00
  • hedera-hashgraphHedera (HBAR) $ 0.174932
  • hedera-hashgraphHedera (HBAR) $ 0.174932
  • avalanche-2Avalanche (AVAX) $ 16.61
  • avalanche-2Avalanche (AVAX) $ 16.61
  • zcashZcash (ZEC) $ 411.63
  • zcashZcash (ZEC) $ 411.63
  • litecoinLitecoin (LTC) $ 86.59
  • litecoinLitecoin (LTC) $ 86.59
  • moneroMonero (XMR) $ 337.66
  • moneroMonero (XMR) $ 337.66
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • shiba-inuShiba Inu (SHIB) $ 0.000009
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • the-open-networkToncoin (TON) $ 1.97
  • the-open-networkToncoin (TON) $ 1.97
  • daiDai (DAI) $ 0.999854
  • daiDai (DAI) $ 0.999854
  • usdt0USDT0 (USDT0) $ 0.999642
  • usdt0USDT0 (USDT0) $ 0.999642
  • crypto-com-chainCronos (CRO) $ 0.125703
  • crypto-com-chainCronos (CRO) $ 0.125703
  • polkadotPolkadot (DOT) $ 2.59
  • polkadotPolkadot (DOT) $ 2.59
  • mantleMantle (MNT) $ 1.23
  • mantleMantle (MNT) $ 1.23
  • bittensorBittensor (TAO) $ 418.69
  • bittensorBittensor (TAO) $ 418.69
  • memecoreMemeCore (M) $ 2.33
  • memecoreMemeCore (M) $ 2.33
  • susdssUSDS (SUSDS) $ 1.07
  • susdssUSDS (SUSDS) $ 1.07
  • uniswapUniswap (UNI) $ 5.18
  • uniswapUniswap (UNI) $ 5.18
  • aaveAave (AAVE) $ 196.56
  • aaveAave (AAVE) $ 196.56
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.109779
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.109779
  • usd1-wlfiUSD1 (USD1) $ 0.998553
  • usd1-wlfiUSD1 (USD1) $ 0.998553
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999914
  • paypal-usdPayPal USD (PYUSD) $ 0.999914
  • bitget-tokenBitget Token (BGB) $ 3.96
  • bitget-tokenBitget Token (BGB) $ 3.96
  • okbOKB (OKB) $ 131.48
  • okbOKB (OKB) $ 131.48
  • internet-computerInternet Computer (ICP) $ 5.09
  • internet-computerInternet Computer (ICP) $ 5.09
  • nearNEAR Protocol (NEAR) $ 1.88
  • nearNEAR Protocol (NEAR) $ 1.88
  • pepePepe (PEPE) $ 0.000006
  • pepePepe (PEPE) $ 0.000006
  • ethenaEthena (ENA) $ 0.322696
  • ethenaEthena (ENA) $ 0.322696
  • ethereum-classicEthereum Classic (ETC) $ 14.82
  • ethereum-classicEthereum Classic (ETC) $ 14.82
  • jito-staked-solJito Staked SOL (JITOSOL) $ 199.67
  • jito-staked-solJito Staked SOL (JITOSOL) $ 199.67
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,506.52
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,506.52
  • falcon-financeFalcon USD (USDF) $ 0.994055
  • falcon-financeFalcon USD (USDF) $ 0.994055
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.07
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.07
  • tether-goldTether Gold (XAUT) $ 3,991.97
  • tether-goldTether Gold (XAUT) $ 3,991.97
  • solanaWrapped SOL (SOL) $ 161.11
  • solanaWrapped SOL (SOL) $ 161.11
  • aptosAptos (APT) $ 2.74
  • aptosAptos (APT) $ 2.74
  • ondo-financeOndo (ONDO) $ 0.606852
  • ondo-financeOndo (ONDO) $ 0.606852
  • pi-networkPi Network (PI) $ 0.226034
  • pi-networkPi Network (PI) $ 0.226034
  • aster-2Aster (ASTER) $ 0.921697
  • aster-2Aster (ASTER) $ 0.921697
  • usdtbUSDtb (USDTB) $ 0.998893
  • usdtbUSDtb (USDTB) $ 0.998893
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.167114
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.167114
  • htx-daoHTX DAO (HTX) $ 0.000002
  • htx-daoHTX DAO (HTX) $ 0.000002
  • worldcoin-wldWorldcoin (WLD) $ 0.711783
  • worldcoin-wldWorldcoin (WLD) $ 0.711783
  • dashDash (DASH) $ 131.39
  • dashDash (DASH) $ 131.39
  • kucoin-sharesKuCoin (KCS) $ 12.26
  • kucoin-sharesKuCoin (KCS) $ 12.26
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,031.72
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,031.72
  • hash-2Provenance Blockchain (HASH) $ 0.029494
  • hash-2Provenance Blockchain (HASH) $ 0.029494
  • binance-staked-solBinance Staked SOL (BNSOL) $ 173.95
  • binance-staked-solBinance Staked SOL (BNSOL) $ 173.95
  • arbitrumArbitrum (ARB) $ 0.262133
  • arbitrumArbitrum (ARB) $ 0.262133
  • official-trumpOfficial Trump (TRUMP) $ 7.21
  • official-trumpOfficial Trump (TRUMP) $ 7.21
  • gatechain-tokenGate (GT) $ 11.97
  • gatechain-tokenGate (GT) $ 11.97
  • algorandAlgorand (ALGO) $ 0.158145
  • algorandAlgorand (ALGO) $ 0.158145
  • pump-funPump.fun (PUMP) $ 0.003861
  • pump-funPump.fun (PUMP) $ 0.003861
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.10
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,702.59
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,702.59
  • pax-goldPAX Gold (PAXG) $ 3,985.47
  • pax-goldPAX Gold (PAXG) $ 3,985.47
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,686.62
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,686.62
  • bfusdBFUSD (BFUSD) $ 0.999510
  • bfusdBFUSD (BFUSD) $ 0.999510
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 37.63
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 37.63
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.13
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.13
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,015.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 104,015.00
  • ignition-fbtcFunction FBTC (FBTC) $ 104,425.00
  • ignition-fbtcFunction FBTC (FBTC) $ 104,425.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,760.79
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,760.79
  • wbnbWrapped BNB (WBNB) $ 950.64
  • wbnbWrapped BNB (WBNB) $ 950.64
  • vechainVeChain (VET) $ 0.014423
  • vechainVeChain (VET) $ 0.014423
  • cosmosCosmos Hub (ATOM) $ 2.55
  • cosmosCosmos Hub (ATOM) $ 2.55
  • kaspaKaspa (KAS) $ 0.045118
  • kaspaKaspa (KAS) $ 0.045118
  • story-2Story (IP) $ 3.70
  • story-2Story (IP) $ 3.70
  • skySky (SKY) $ 0.051061
  • skySky (SKY) $ 0.051061
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999504
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999504
  • jupiter-exchange-solanaJupiter (JUP) $ 0.348287
  • jupiter-exchange-solanaJupiter (JUP) $ 0.348287
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,728.68
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,728.68
  • flare-networksFlare (FLR) $ 0.013772
  • flare-networksFlare (FLR) $ 0.013772

Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan

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Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan

JPMorgan (JPM) raised its price targets for a number of bitcoin

BTC$104,909.92 mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday.

The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from $13 and its MARA Holdings (MARA) target to $19 from $18.

“Our price targets generally increased due to higher bitcoin prices and improving mining profitability,” analysts Reginald Smith and Charles Pearce wrote.

JPMorgan said it tweaked the price targets to reflect a 24% increase in the bank’s spot bitcoin assumption and a 9% increase to its network hashrate estimate.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

JPMorgan reiterated its overweight rating on CleanSpark, IREN (IREN) and Riot, and its neutral rating for Cipher Mining (CIFR) and MARA.



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