Analysts

The broker maintained its buy rating on the stock and raised its price objective to $16 from $12.

The network secures $103 billion across more than 2,500 projects with partners such as Swift, DTCC and JPMorgan.

Alongside, JPMorgan downgraded IREN and CleanSpark

Digital asset treasuries are now allocating to ether at scale, creating structural demand that exceeds new supply, the report said.

The broker hiked its IREN price target to $75 from $20 while reiterating its outperform rating on the stock.

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