JPMorgan: Downgrades CleanSpark stock rating to Neutral

ChainCatcher news, 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 BTC. Data shows that CLSK's increase exceeded 60% this month, with the current stock price at $12.96 and a total market capitalization of $3.643 billion. Q3 2025 revenue is $198.6 million, slightly below expectations.