Sygnum Bank say surging institutional inflows could cause Bitcoin “demand shocks” in 2025, Ripple stablecoin news, and more: Hodlers Digest
Analysts at JPMorgan raised price targets for four Bitcoin mining stocks to reflect value from the miners electrical power assets and BTC holdings, according to a Dec. 10 report shared with Cointelegraph.
The mining operations to see upgrades include MARA Holdings (MARA), CleanSpark (CLSK), Riot Platforms (RIOT) and Iren (IREN), according to the report, which was written by analysts Reginald Smith and Charles Pearce. Each stock is already trading near or above its revised price target.
We previously valued Bitcoin miners based on the four-year gross profit opportunity for each operator, the analysts said. We are expanding upon this framework by incorporating 1) the value of each companys land and power assets [] and 2) a HODL premium, which gives miners credit for holding Bitcoin on their balance like MicroStrategy.
