“Alongside, Jpmorgan DowNGraded Iren and Cleanspark”, – WRITE: www.coindesk.com
JPMorgan Boosted Riot to Overweight from Neutral and Raceded It Price Target to $ 19 from $ 15, Calling It The Most Attractive Among ITS MINING PEERS. Citi Upgraded to Buy from Neutral and Lifted ITS PRICE TARGET TO $ 24 from $ 13.75. BOTH FIRMS Pointed to Riot’s Pivot Into Artificial Intelligence and Cloud Services As A Potential Growth Driver as Mining Profits Tighten. Riot wasstly outperForforming a Sharply Lower Sector on Friday, Deckling “Just” 1.2% to $ 16.55.
Alongside ITS UPGRADE OF RIOT, JPMORGAN DOWNGRADED THE PREVIUSLY VERY HOT-HOT-HOTSED IRON TO Underweight from Neutral. Shares Are Down 9.7% on Friday, But Still Higher by 300% Year-To-Date. Cleanspark (CLSK) WAS CUT TO NEUTRAL AND IS LOWER by 9.3% Friday and Higher by 34% Year-To-Date.
The Bank Maintaned ITS BUY RATING ON CIPPER MINING (CIFR), and Doubled Its Price Target to $ 12 from $ 6. The Shares Were 3.5% Lower To $ 11.20 AT PUBLICATION TIME.
Mara Holdings (Mara) Was Kept at Overweight, With A Reduced Price Objective of $ 20, Down from $ 22. The Stock Was 1% LOWER AUND $ 15.90 IN EARLY TRADING.
JPMorgan’s Analysts Are Assigning A 50% Probability That Riot, Cipher, And Iren Each Secure Near-Term High Performance Computing (HPC) Colocation Agreements, Using Core Scient’s (CRWV) Deal As a Benchmark. The Bank Values HPC Colon Contacts at $ 3.7 Million to $ 8.6 Million per Gross Megawatt (MW).
Read More: Bitcoin Mining Profitability Fell in August, Jefferies Says
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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MGX, WHICH PREVIUSLY BOUGHT $ 2 Billion of World Liberty Financial’s USD1, and Oracle Will Control Nearly Half of Tiktok’s US ARM as American Firms Secure Major.
- Mgx, Chaired by Sheikh Tahnoon Bin Zayed Al Nayan, Will Take A 15% Stake in Tiktok US
- Oracle and Mgx Together Will Hold About 45% of The US UNIT.
- MGX Previously Boughht $ 2 Billion Worm of USD1, A Stablecoin Launchened by the Donald Trump-Linked World Liberty Financial.
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