📢Odaily Planet Daily News, JPMorgan Chase recently released a research report stating that the Bitcoin mining industry is facing a severe moment. With the approval of a spot Bitcoin ETF, record hashrate and the upcoming halving, Bitcoin mining revenue and profitability may be under threat. 😱

JPMorgan analysts said they favor miners that offer the best relative value in terms of "existing computing power, operating efficiencies, power contracts, funded growth plans and liquidity." 👍

In the report, JP Morgan gave CleanSpark (CLSK) an overweight rating with a target price of $5.50; Marathon Digital (MARA) an underweight rating with a target price of $5; and Riot Platforms (RIOT) an underweight rating with a target price of 6.50. USD; Neutral rating on Cipher Mining (CIFR); Upgraded Iris Energy (IREN) to Overweight from Neutral. 🎯

CleanSpark is JPMorgan's top pick, offering the best balance of "scale, growth potential, power costs and relative value." 🏆 Analysts also said that although Marathon is the largest crypto mining company, it has the highest energy costs and the lowest profit margins; at the same time, Riot has relatively low power costs and liquidity, but the highest stock price; Cipher Mining has the lowest power costs, But "growth is limited." 💡(CoinDesk)