Bitcoin Miners Buckle Under April Price Pressure, But JP Morgan Analyst Says MARA, CleanSpark Held Strong
Posted On April 16, 2025
JP Morgan analyst Reginald L. Smith observed that Bitcoin (CRYPTO: BTC/USD) miners saw mixed performance in early April. A drop in the average Bitcoin price during the first half of the month strained mining economics despite solid operational gains in March.
Per Smith, pure-play miners like MARA Holdings, Inc. (NASDAQ:MARA) and CleanSpark, Inc. (NASDAQ:CLSK) outpaced Bitcoin’s price gains, while firms with exposure to high-performance computing lagged behind.
The analyst notes that the average Bitcoin price in early April was around $82,600, down 3% from March. It dipped to …
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