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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Bitcoin Miner Price Target Raises to Reflect Improvement in Industry Economy: JPMorgan | CoinDesk JAPAN
JP Morgan raised the target stock prices for each company, increasing CleanSpark from $12 to $14, Riot Platforms from $13 to $14, and MARA Holdings from $18 to $19.
Analysts Reginald Smith and Charles Pearce stated that "the increase in Bitcoin prices and the improvement in mining profitability have generally raised our target stock price."
JPMorgan stated that it adjusted its target stock price to reflect a 24% increase in its expected spot Bitcoin price and a 9% increase in the estimated network hash rate.
Hashrate refers to the total computational power used for mining and processing transactions on a blockchain with a Proof of Work consensus algorithm, serving as an indicator of competition and mining difficulty in the industry.
JP Morgan has maintained an overweight rating on CleanSpark, IREN, and Riot Platforms, and a neutral rating on Cipher Mining and Mara Holdings.
| Translation and Editing: Rinrin Hayashi ｜Image: Michal Bednarek/Shutterstock ｜原文：Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan
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