JPMorgan: Downgrades Bitcoin mining company CleanSpark's stock rating to Neutral
ChainCatcher news, JPMorgan has downgraded the rating of the US Bitcoin mining company CleanSpark Inc. (NASDAQ: CLSK) from "Overweight" to "Neutral", while lowering its target price from $15 to $14 due to valuation concerns.
According to reports, CleanSpark's mining output in August was 657 BTC, with a Bitcoin holding of 12,827 coins. Data shows that this month, CLSK's increase once exceeded 60%, with the current stock price at $12.96 and a total market value of $3.643 billion. The revenue for Q3 2025 is $198.6 million, slightly below expectations.
According to reports, CleanSpark's mining output in August was 657 BTC, with a Bitcoin holding of 12,827 coins. Data shows that this month, CLSK's increase once exceeded 60%, with the current stock price at $12.96 and a total market value of $3.643 billion. The revenue for Q3 2025 is $198.6 million, slightly below expectations.



