JPMorgan double-upgrades IREN to Overweight on AI pivot
- —IREN's price target raised to $65 from $46, a 41% increase
- —The Nvidia deal is valued at $5.5 billion
- —IREN's 2026 annual revenue forecast is $4 billion
- —MARA Holdings was downgraded to Underweight the same day
Why it matters: A signal that Wall Street values miners' pivot to AI infrastructure above pure proof-of-work mining.
Source: Crypto Briefing