• bitcoinBitcoin (BTC) $ 77,567.00
  • bitcoinBitcoin (BTC) $ 77,567.00
  • ethereumEthereum (ETH) $ 2,333.81
  • ethereumEthereum (ETH) $ 2,333.81
  • tetherTether (USDT) $ 0.999796
  • tetherTether (USDT) $ 0.999796
  • xrpXRP (XRP) $ 1.40
  • xrpXRP (XRP) $ 1.40
  • bnbBNB (BNB) $ 627.37
  • bnbBNB (BNB) $ 627.37
  • usd-coinUSDC (USDC) $ 0.999819
  • usd-coinUSDC (USDC) $ 0.999819
  • solanaSolana (SOL) $ 85.02
  • solanaSolana (SOL) $ 85.02
  • tronTRON (TRX) $ 0.323322
  • tronTRON (TRX) $ 0.323322
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • dogecoinDogecoin (DOGE) $ 0.109970
  • dogecoinDogecoin (DOGE) $ 0.109970
  • whitebitWhiteBIT Coin (WBT) $ 54.93
  • whitebitWhiteBIT Coin (WBT) $ 54.93
  • usdsUSDS (USDS) $ 0.999744
  • usdsUSDS (USDS) $ 0.999744
  • hyperliquidHyperliquid (HYPE) $ 40.64
  • hyperliquidHyperliquid (HYPE) $ 40.64
  • leo-tokenLEO Token (LEO) $ 10.37
  • leo-tokenLEO Token (LEO) $ 10.37
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • cardanoCardano (ADA) $ 0.252281
  • wrapped-stethWrapped stETH (WSTETH) $ 2,779.67
  • cardanoCardano (ADA) $ 0.252281
  • bitcoin-cashBitcoin Cash (BCH) $ 454.01
  • bitcoin-cashBitcoin Cash (BCH) $ 454.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • moneroMonero (XMR) $ 384.25
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 76,243.00
  • moneroMonero (XMR) $ 384.25
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • chainlinkChainlink (LINK) $ 9.37
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
  • chainlinkChainlink (LINK) $ 9.37
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • canton-networkCanton (CC) $ 0.149684
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,466.93
  • canton-networkCanton (CC) $ 0.149684
  • zcashZcash (ZEC) $ 333.69
  • zcashZcash (ZEC) $ 333.69
  • stellarStellar (XLM) $ 0.163699
  • stellarStellar (XLM) $ 0.163699
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • memecoreMemeCore (M) $ 3.54
  • wrapped-eethWrapped eETH (WEETH) $ 2,465.31
  • memecoreMemeCore (M) $ 3.54
  • usd1-wlfiUSD1 (USD1) $ 0.999767
  • usd1-wlfiUSD1 (USD1) $ 0.999767
  • susdssUSDS (SUSDS) $ 1.08
  • daiDai (DAI) $ 0.999869
  • susdssUSDS (SUSDS) $ 1.08
  • daiDai (DAI) $ 0.999869
  • litecoinLitecoin (LTC) $ 56.82
  • litecoinLitecoin (LTC) $ 56.82
  • avalanche-2Avalanche (AVAX) $ 9.37
  • avalanche-2Avalanche (AVAX) $ 9.37
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • hedera-hashgraphHedera (HBAR) $ 0.090373
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 76,366.00
  • hedera-hashgraphHedera (HBAR) $ 0.090373
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • ethena-usdeEthena USDe (USDE) $ 0.999216
  • ethena-usdeEthena USDe (USDE) $ 0.999216
  • wethWETH (WETH) $ 2,268.37
  • suiSui (SUI) $ 0.931052
  • wethWETH (WETH) $ 2,268.37
  • suiSui (SUI) $ 0.931052
  • rainRain (RAIN) $ 0.007433
  • rainRain (RAIN) $ 0.007433
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • usdt0USDT0 (USDT0) $ 0.998824
  • the-open-networkToncoin (TON) $ 1.33
  • usdt0USDT0 (USDT0) $ 0.998824
  • the-open-networkToncoin (TON) $ 1.33
  • crypto-com-chainCronos (CRO) $ 0.069245
  • crypto-com-chainCronos (CRO) $ 0.069245
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • hashnote-usycCircle USYC (USYC) $ 1.12
  • tether-goldTether Gold (XAUT) $ 4,566.42
  • tether-goldTether Gold (XAUT) $ 4,566.42
  • bittensorBittensor (TAO) $ 259.46
  • bittensorBittensor (TAO) $ 259.46
  • global-dollarGlobal Dollar (USDG) $ 0.999737
  • global-dollarGlobal Dollar (USDG) $ 0.999737
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.072761
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.072761
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.22
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 4,561.83
  • pax-goldPAX Gold (PAXG) $ 4,561.83
  • mantleMantle (MNT) $ 0.636386
  • mantleMantle (MNT) $ 0.636386
  • polkadotPolkadot (DOT) $ 1.25
  • polkadotPolkadot (DOT) $ 1.25
  • uniswapUniswap (UNI) $ 3.31
  • uniswapUniswap (UNI) $ 3.31
  • skySky (SKY) $ 0.085732
  • skySky (SKY) $ 0.085732
  • pi-networkPi Network (PI) $ 0.187935
  • pi-networkPi Network (PI) $ 0.187935
  • falcon-financeFalcon USD (USDF) $ 0.996618
  • falcon-financeFalcon USD (USDF) $ 0.996618
  • nearNEAR Protocol (NEAR) $ 1.36
  • nearNEAR Protocol (NEAR) $ 1.36
  • okbOKB (OKB) $ 83.61
  • okbOKB (OKB) $ 83.61
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • pepePepe (PEPE) $ 0.000004
  • little-pepe-5Little Pepe (LILPEPE) $ 2.16
  • pepePepe (PEPE) $ 0.000004
  • aster-2Aster (ASTER) $ 0.672161
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • aster-2Aster (ASTER) $ 0.672161
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • htx-daoHTX DAO (HTX) $ 0.000002
  • htx-daoHTX DAO (HTX) $ 0.000002
  • ripple-usdRipple USD (RLUSD) $ 0.999995
  • ripple-usdRipple USD (RLUSD) $ 0.999995
  • aaveAave (AAVE) $ 97.40
  • aaveAave (AAVE) $ 97.40
  • usddUSDD (USDD) $ 0.999857
  • usddUSDD (USDD) $ 0.999857
  • bitget-tokenBitget Token (BGB) $ 1.98
  • bitget-tokenBitget Token (BGB) $ 1.98
  • internet-computerInternet Computer (ICP) $ 2.46
  • internet-computerInternet Computer (ICP) $ 2.46
  • ethereum-classicEthereum Classic (ETC) $ 8.56
  • ethereum-classicEthereum Classic (ETC) $ 8.56
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.13
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.13
  • bfusdBFUSD (BFUSD) $ 0.999500
  • bfusdBFUSD (BFUSD) $ 0.999500
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • janus-henderson-anemoy-treasury-fundJanus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
  • ondo-financeOndo (ONDO) $ 0.269715
  • ondo-financeOndo (ONDO) $ 0.269715
  • morphoMorpho (MORPHO) $ 2.03
  • morphoMorpho (MORPHO) $ 2.03
  • kucoin-sharesKuCoin (KCS) $ 8.56
  • kucoin-sharesKuCoin (KCS) $ 8.56
  • gatechain-tokenGate (GT) $ 7.31
  • gatechain-tokenGate (GT) $ 7.31
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • united-stablesUnited Stables (U) $ 1.00
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
  • united-stablesUnited Stables (U) $ 1.00
  • quant-networkQuant (QNT) $ 70.27
  • quant-networkQuant (QNT) $ 70.27
  • algorandAlgorand (ALGO) $ 0.113568
  • algorandAlgorand (ALGO) $ 0.113568
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.23
  • cosmosCosmos Hub (ATOM) $ 1.96
  • cosmosCosmos Hub (ATOM) $ 1.96
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.092845
  • jito-staked-solJito Staked SOL (JITOSOL) $ 124.46
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.092845
  • blockchain-capitalBlockchain Capital (BCAP) $ 105.75
  • blockchain-capitalBlockchain Capital (BCAP) $ 105.75
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.06
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,404.69
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.06
  • ethenaEthena (ENA) $ 0.109036
  • ethenaEthena (ENA) $ 0.109036
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • render-tokenRender (RENDER) $ 1.78
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,262.26
  • render-tokenRender (RENDER) $ 1.78
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • kaspaKaspa (KAS) $ 0.033284
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,631.35
  • kaspaKaspa (KAS) $ 0.033284
  • nexoNEXO (NEXO) $ 0.896134
  • nexoNEXO (NEXO) $ 0.896134
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • worldcoin-wldWorldcoin (WLD) $ 0.254528
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
  • worldcoin-wldWorldcoin (WLD) $ 0.254528
  • arbitrumArbitrum (ARB) $ 0.132191
  • arbitrumArbitrum (ARB) $ 0.132191
  • wbnbWrapped BNB (WBNB) $ 759.61
  • aptosAptos (APT) $ 0.999083
  • wbnbWrapped BNB (WBNB) $ 759.61
  • aptosAptos (APT) $ 0.999083

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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