JPMorgan emphasizes that Iren and Riot Platforms have seen recent underperformance, presenting a clear buying opportunity for investors looking to capitalize on potential upticks.
The report highlights a notable estimate where the total value of remaining bitcoins to be mined is approximately $74 billion, reflective of current market dynamics.
Following second-quarter performance evaluations, JPMorgan adjusted its price targets for miners, with notable reductions for CleanSpark and Marathon, while still favoring Iren and Riot.
JPMorgan identifies operational challenges at Riot, but anticipates improved sentiment and potential increase in share performance due to upcoming enhancements in uptime and production.
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