JPMorgan Bullish on MARA: Upgrades Bitcoin Miner to Overweight as IREN and Riot Get Downgraded

Wall Street's crypto flip-flop continues—this time with miners in the crosshairs. JPMorgan just reshuffled its deck, and the winners and losers might surprise you.

The Big Bet: Marathon Digital (MARA) scores an 'Overweight' rating as analysts bet on its scaled-up mining ops. Meanwhile, rivals IREN and Riot Blockchain get tossed into the 'Neutral' penalty box—apparently failing to impress despite Bitcoin's recent rally.

Why It Matters: When traditional finance heavyweights like JPMorgan make moves in crypto, the market listens. Though let's be real—their 'expertise' in digital assets remains as questionable as a meme coin's whitepaper.

The Bottom Line: Miner stocks remain a leveraged play on Bitcoin's volatility. Just don't expect Wall Street to understand the difference between SHA-256 and an SHA-256 tax write-off.