According to Huoxing Finance, JPMorgan has downgraded the rating of the U.S. Bitcoin mining company CleanSpark Inc. (NASDAQ: CLSK) from "overweight" to "neutral", while lowering its target price from $15 to $14 due to valuation concerns. It is reported that CleanSpark mined 657 BTC in August, with a Bitcoin holding of 12,827 coins. Data shows that this month CLSK rose by more than 60% at one point, and the current stock price is $12.96, with a total market capitalization of $3.643 billion, and revenue of $198.6 million in Q3 2025, slightly below expectations.
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JPMorgan: Downgrades Bitcoin Mining Company CleanSpark Stock Rating to Neutral
According to Huoxing Finance, JPMorgan has downgraded the rating of the U.S. Bitcoin mining company CleanSpark Inc. (NASDAQ: CLSK) from "overweight" to "neutral", while lowering its target price from $15 to $14 due to valuation concerns. It is reported that CleanSpark mined 657 BTC in August, with a Bitcoin holding of 12,827 coins. Data shows that this month CLSK rose by more than 60% at one point, and the current stock price is $12.96, with a total market capitalization of $3.643 billion, and revenue of $198.6 million in Q3 2025, slightly below expectations.