{"id":60139,"date":"2025-11-24T19:01:35","date_gmt":"2025-11-24T19:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60139"},"modified":"2025-11-24T19:01:35","modified_gmt":"2025-11-24T19:01:35","slug":"jpmorgan-says-bitcoin-miners-are-entering-a-higher-conviction-phase-here-are-its-price-targets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60139","title":{"rendered":"JPMorgan Says Bitcoin Miners Are Entering A ‘Higher-Conviction Phase’: Here Are Its Price Targets"},"content":{"rendered":"
\n

Cipher Mining Inc. <\/strong>(NASDAQ:<\/a>CIFR<\/a>) and CleanSpark Inc. <\/strong>(NASDAQ:<\/a>CLSK<\/a>) were upgraded on Monday after JPMorgan refreshed its Bitcoin <\/strong>(CRYPTO: <\/a>BTC<\/a>) miner outlook and trimmed price targets for several legacy operators<\/a>.<\/p>\n

JPMorgan Highlights Growing HPC Shift<\/h3>\n

JPMorgan analysts Reginald Smith<\/strong> and Charles Pearce<\/strong> said<\/a> miners are entering a “higher-conviction” phase of high-power compute transitions as more than 600 megawatts of long-term AI-related deals were signed since late September.\u00a0<\/p>\n

The bank expects miners to announce roughly 1.7 gigawatts of additional critical-IT capacity by late 2026 \u2014 equal to about 35% of their approved power footprint.<\/p>\n

Their report emphasized the sector’s ability to convert power assets into long-duration HPC revenue as a defining advantage over traditional mining models.\u00a0<\/p>\n

Cipher Upgraded To Overweight After Major HPC Wins<\/h3>\n

Cipher Mining was raised to Overweight from Neutral, with its December 2026 price target lifted to $18 from $12.\u00a0<\/p>\n

The analysts pointed to Cipher’s recent 410-megawatt HPC contracts and a share-price pullback of about 45% from recent highs, calling the level an attractive entry point.<\/p>\n

The bank expects Cipher to secure about 480 megawatts of critical-IT capacity by 2026, representing roughly 64% of its approved footprint.\u00a0<\/p>\n

JPMorgan said long-duration sites planned for 2028\u20132029 could support higher valuations if the company executes a full HPC transition.<\/p>\n

CleanSpark Wins Upgrade …<\/h3>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cipher Mining Inc. (NASDAQ:CIFR) and CleanSpark Inc. (NASDAQ:CLSK) were upgraded on Monday after JPMorgan refreshed its Bitcoin (CRYPTO: BTC) miner outlook and trimmed price targets for several legacy operators. JPMorgan Highlights Growing HPC Shift JPMorgan analysts Reginald Smith and Charles Pearce said miners are entering a “higher-conviction” phase of high-power compute transitions as more than […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-60139","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60139"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60139\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}