JPMorgan upgrades Bitcoin miners Cipher and CleanSpark to "Overweight" rating

JPMorgan raised the ratings of Bitcoin miners Cipher and CleanSpark to "Overweight," citing strong momentum in HPC transformation, raising Cipher's target price from $12 to $18, and CleanSpark's to $10.8. However, JPMorgan also lowered the target price expectations for two other Bitcoin miners, MARA and Riot, to reflect the anticipated softening of Bitcoin and increased stock dilution.