JPMorgan Chase upgraded Bitcoin mining companies Cipher and CleanSpark to "Overweight".

Odaily Planet Daily reports that JPMorgan Chase has upgraded its ratings on Bitcoin mining companies Cipher and CleanSpark to "overweight," citing strong momentum in their HPC transformation. Specifically, it raised its price target for Cipher from $12 to $18 and for CleanSpark to $10.8. However, JPMorgan Chase simultaneously lowered its price target estimates for two other Bitcoin mining companies, MARA and Riot, to reflect weakening expectations for Bitcoin and increased share dilution. (CoinDesk)