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Crypto-Focused Bank Silvergate Rallies After JPMorgan Sees Industry Adoption Growth

Square to Consider Building a Bitcoin Mining System



Silvergate Capital Corp. shares jumped as high as 13% Thursday after JPMorgan initiated research coverage with an overweight recommendation and a $300 price target. The price target would represent a 59% increase over yesterday’s closing price of $188.73. In recent trading, the shares were at $210, up about 11%. “Silvergate’s status as the pure-play bank […]



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