比特币（BTC）下跌$ 80K，股份（硬币）下跌了30％

从280美元起到217美元，并保持了股票的中性评级。该公司表示，自2月20日上一次模型更新以来

The price of bitcoin has fallen from $98,000 to $79,000 since Mizuho’s last model update on February 20, and Coinbase shares are down 30%.

自从瑞穗（Mizuho）于2月20日上一次模型更新以来，比特币的价格从98,000美元下跌至79,000美元，Coinbase股票下跌了30％。

While some multiple compression is warranted due to lower multiples across technology, the move in Coinbase shares is overdone, the analyst said. Mizuho believes the stock should trade closer to $217.

分析师说，尽管由于整个技术的倍数较低，因此有必要进行一些多重压缩，但共同股份中的迁移过高了。瑞穗认为该股票应接近217美元。

Although it sees some upside potential from here, Mizuho remains Neutral given the longer-term risk of pricing pressure from increased competition across the crypto trading space.

尽管从这里看到一些上涨的潜力，但鉴于在加密货币交易领域增加竞争的长期定价压力的长期风险，瑞穗仍然保持中立。

Mizoh also slashed its price target on Bit Digital (NASDAQ:BTBT) to $10 from $15 and kept an Overweight rating on the shares as well as on Cipher (NASDAQ:CIFR) price target to Neutral from Overweight without a price point.

Mizoh还将其位于BIT Digital（NASDAQ：BTBT）的价格目标从15美元降至10美元，并将股票以及Cipher（NASDAQ：CIFR）的股票评级超重，从超重而没有价格点。

JPMorgan also updated bitcoin miner price targets and models to reflect the Q4 results and changes in bitcoin price and the network hash rate. The firm now sees less upside potential relative to peers for Cipher Mining shares.

摩根大通还更新了比特币矿工价格目标和型号，以反映第四季度的结果以及比特币价格的变化和网络哈希速率。该公司现在认为相对于密码开采股票的同行，潜在的潜力较小。

Cipher could sign a high performance compute deal at its Barber Lake site, which could drive upside, but deals can take up to nine months to negotiate and finalize, the analyst said.

分析师说，Cipher可能会在其理发湖遗址签署高性能计算协议，该交易可能会上升空间，但交易最多可能需要9个月才能进行谈判和最终确定。

Moreover, JPMorgan downgraded macroeconomic models and reduced earnings multiple coverage on the U.S. and Europe to reflect the current environment.

此外，摩根大通降低了宏观经济模型，并降低了在美国和欧洲的多重覆盖范围，以反映当前的环境。

The firm downgraded several other bitcoin miners. It downgraded MagLev to Neutral from Overweight and lowered the price target to $18 from $23.

该公司降级了其他几个比特币矿工。它将Maglev从超重降低到中立，并将目标目标从23美元降低到18美元。

It also downgraded CleanSpark (NASDAQ:CLSK) to Overweight from Overweight and lowered the price target to $12 from $17 and Riot Platforms (NASDAQ:RIOT) to Overweight from Overweight and lowered the price target to $13 from $16.

它还将CleanSpark（NASDAQ：CLSK）降低到超重，将目标目标从17美元和Riot Platforms（NASDAQ：RIOT）降低到12美元，从增持额超重，将目标目标从16美元降低到13美元。

Furthermore, JPMorgan upgraded IREN (NYSE:IREN) to Overweight from Neutral with a price target of $12, down from $15.

此外，摩根大通（JPMorgan）将Iren（纽约证券交易所：Iren）升级为超重，价格目标是12美元，低于15美元。

JPMorgan named IREN its top pick citing the company’s “strong” mining operations and high performance computing “optionality.” The shares have “been overly punished” year-to-date, and offer 70% upside at current levels, which could prove conservative if IREN announces an HPC deal with a name-brand tenant, the analyst said.

摩根大通（JPMORGAN）以其“强大的”采矿业务和高性能计算“期权性”为名。分析师说，如果Iren宣布与名称品牌租户达成HPC交易，则股票“过于惩罚”，并在目前的水平上提供70％的上涨空间，这可能是保守的。

Finally, Cantor Fitzgerald downgraded Hive (NYSE:HIVE) price target to $8 from $11 and kept an Overweight rating on the shares.

最终，坎托·菲茨杰拉德（Cantor Fitzgerald）将Hive（NYSE：HIVE）的价格目标从11美元降至8美元，并将股票评级增长。

Hive said it mined 89 bitcoin during the month of February, or 3.1 bitcoin per day, a decrease from 102 bitcoin mined in January, and its share of the overall bitcoin network decreased to 0.69% from 0.73% on a peak hash rate basis, the analyst said.

分析师表示，Hive表示，它在2月份开采了89个比特币，即每天3.1个比特币，比一月份开采的102个比特币降低，总比特币网络的份额从峰值哈希速率基础上的0.73％降至0.69％。

Cantor continues to believe that current levels represent an attractive risk/reward, as the firm is confident in Hive’s ability to execute on its bitcoin mining and AI Cloud targets, which will represent 300% hash rate growth and $100M in annualized run-rate revenue in 2025, respectively.

Cantor继续相信目前的水平代表了有吸引力的风险/回报，因为该公司对Hive在比特币采矿和AI Cloud目标方面的执行能力有信心，这将代表2025年分别代表300％的哈希速率增长和1亿美元的年度运行率收入。

Publicly traded companies in the space include Bit Digital, Coinbase (NASDAQ:COIN), Core Scientific (NASDAQ:CORZ), Greenidge Generation (NYSE:GREE), Mara Holdings (NYSE:MARA), MicroStrategy (NASDAQ:MSTR), Riot Platforms, Stronghold Digital Mining (NASDAQ:SDIG) and TeraWulf (NASDAQ:WULF).

Publicly traded companies in the space include Bit Digital, Coinbase (NASDAQ:COIN), Core Scientific (NASDAQ:CORZ), Greenidge Generation (NYSE:GREE), Mara Holdings (NYSE:MARA), MicroStrategy (NASDAQ:MSTR), Riot Platforms, Stronghold Digital Mining (NASDAQ:SDIG) and TeraWulf （NASDAQ：WULF）。

As of time of writing, bitcoin dropped about 6% this week to $83,160 in U.S. dollars, according to CoinDesk.

根据Coindesk的数据，截至写作时间，比特币本周下跌了约6％至83,160美元。