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Bitcoin mining stocks see rising targets after asset valuation update

Jpmorgan targets Bitcoin miners for rise: JPMorgan recently increased the price targets for notable Bitcoin miners Marathon, CleanSpark, Riot Platforms, and IREN. This adjustment is attributed to their valuable power assets and substantial Bitcoin holdings. The new valuation model includes a ‘HODL premium’, similar to the approach used by MicroStrategy.

Miners boost operations post-halving: Following the Bitcoin halving event that reduced mining rewards, companies like Riot Platforms have been strategic by acquiring other mining operations, enhancing their capacity. Riot’s portfolio is now worth about 1.3 billion USD, while Bitcoin held across various corporate treasuries totals over 53 billion USD.

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