JPMorgan has increased its price targets for several bitcoin mining companies, including CleanSpark, Riot Platforms, and MARA Holdings, due to rising bitcoin prices and enhanced mining profitability. The bank raised CleanSpark's (CLSK) target to $14 from $12, Riot's (RIOT) to $14 from $13, and MARA Holdings' (MARA) target to $19 from $18. This adjustment is in line with the bank's updated forecasts which include a 24% increase in spot bitcoin assumptions and a 9% rise in network hashrate estimates. The hashrate, which measures the total computational power in the bitcoin mining network, indicates the level of competition and difficulty in mining. JPMorgan maintains an overweight rating on CleanSpark, IREN, and Riot while assigning a neutral rating to Cipher Mining and MARA Holdings.

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