JPMorgan analyst Reginald L. Smith highlights the investment cases for Riot Platforms Inc (NASDAQ:RIOT) and Iris Energy Ltd. (NASDAQ:IREN), emphasizing their potential for growth and profitability.
Riot
Riot Blockchain stands out as a key player in the bitcoin mining landscape, boasting operational scale and strategic advantages.
With its massive Rockdale facility and upcoming Corsicana data center, Riot is well-positioned for significant hashrate expansion and sustained profitability, Smith says.
Investment Outlook for Riot Platforms: Smith rates Riot stock as Overweight, setting a bullish price target of $15.50 for December 2024. With the stock trading at around $10, Smith sees 55% upside potential associated with an investment in RIOT stock.
Despite recent market fluctuations, Riot Platform's strategic assets and operational efficiency present compelling value for investors seeking exposure to the crypto mining sector. "RIOT is the rare bitcoin miner with installed scale, a clear path to meaningful hashrate expansion, cheap power contracts and capital," says Smith.
Key Risks and Considerations: While RIOT's prospects are promising, risks such as bitcoin price volatility and construction delays at Corsicana remain factors to monitor closely.
Iris Energy
Iris Energy distinguishes itself with a focus on renewable energy and sustainable mining practices. As a leader in AI and high-performance computing (HPC) opportunities, Iris offers a unique value proposition in the mining industry.
Investment Thesis for Iris Energy: Smith rates IREN stock as Overweight, projecting a price target of $10 by December 2024. With current share price around $5.01, the stock offers 100% upside potential.
With plans for significant near-term hashrate expansion and attractive power contracts, Iris Energy presents an enticing opportunity for investors seeking exposure to green mining initiatives. "IREN is a best-in-class operator (in terms of bitcoin mining production) and offers good relative value vis-à-vis other listed miners," says Smith.
Key Risks and Considerations: While IREN's commitment to renewable energy is commendable, regulatory hurdles and operational challenges could impact its growth trajectory.
Riot Platforms and Iris Energy emerge as compelling investment options in the dynamic landscape of cryptocurrency mining. Smith's endorsement underscores the growth potential and strategic advantages of these companies, offering investors a promising avenue to capitalize on the crypto revolution.
However, prudent risk assessment and vigilant monitoring of market dynamics remain essential for navigating the complexities of this evolving sector.
摩根大通分析师雷金纳德·史密斯重点介绍了Riot Platforms Inc(纳斯达克股票代码:RIOT)和艾瑞斯能源有限公司(纳斯达克股票代码:IREN)的投资案例,强调了它们的增长潜力和盈利能力。
暴动
Riot Blockchain在比特币采矿领域脱颖而出,拥有运营规模和战略优势,是比特币采矿领域的关键参与者。
史密斯说,凭借其庞大的罗克代尔设施和即将到来的科西卡纳数据中心,Riot完全有能力实现哈希率的显著扩展和持续的盈利能力。
防暴平台的投资展望:史密斯将Riot股票评为增持,将2024年12月的看涨目标股价定为15.50美元。由于股票交易价格约为10美元,史密斯认为与投资RIOT股票相关的上涨潜力为55%。
尽管最近市场波动,但Riot Platform的战略资产和运营效率为寻求进入加密采矿业的投资者提供了令人信服的价值。史密斯说:“RIOT是罕见的比特币矿机,拥有装机规模、实现有意义的哈希率扩张的明确途径、廉价的电力合同和资本。”
主要风险和注意事项:尽管RIOT的前景乐观,但比特币价格波动和Corsicana施工延误等风险仍然是需要密切关注的因素。
虹膜能量
Iris Energy以专注于可再生能源和可持续采矿实践而脱颖而出。作为 AI 和高性能计算 (HPC) 机会领域的领导者,Iris 为采矿业提供了独特的价值主张。
艾瑞斯能源的投资论点:史密斯将艾瑞恩股票评为增持,预计到2024年12月目标股价为10美元。目前的股价约为5.01美元,该股具有100%的上涨潜力。
Iris Energy计划在短期内大幅扩大哈希率并签订有吸引力的电力合约,为寻求接触绿色采矿计划的投资者提供了一个诱人的机会。史密斯说:“IREN是同类最佳的运营商(就比特币采矿产量而言),与其他上市矿商相比,它具有良好的相对价值。”
关键风险和注意事项:尽管IREN对可再生能源的承诺值得称赞,但监管障碍和运营挑战可能会影响其增长轨迹。
在加密货币挖矿的动态格局中,Riot Platforms和Iris Energy成为引人注目的投资选择。史密斯的支持凸显了这些公司的增长潜力和战略优势,为投资者提供了利用加密革命的有前途的途径。
但是,谨慎的风险评估和对市场动态的警惕监测对于应对这一不断变化的行业的复杂性仍然至关重要。