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Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%

BTIG’s analyst remains positive on the longer-term outlook for the miners, however, and is sticking with his buy ratings for the stocks.

By Aoyon Ashraf

Updated May 11, 2023, 4:14 p.m. Published Jun 3, 2022, 3:29 p.m.

BTIG has significantly reduced the price targets on the bitcoin mining stocks it covers. (Eugene Mymrin/Getty images)