Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates

Wall Street bank JPMorgan is sharpening its view on U.S.-listed bitcoin miners as a wave of high-performance computing (HPC) deals reshape business models and add long-term revenue clarity. The bank upgraded Cipher Mining (CIFR) to overweight from neutral and raised its price target on the stock to $18 from $12. The shares were 4.2% higher in early trading, at $14.74. CleanSpark (CLSK) was also raised to overweight from neutral. The stock rose 4.6% in pre-market trading to $10.18. IREN's price objective ...