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Iren raised to Overweight, Cipher Mining cut to Neutral at J.P. Morgan (IREN:NASDAQ)

Mining rig for cryptocurrency

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J.P. Morgan upgraded Iren Ltd. (NASDAQ:IREN) to Overweight from Neutral on Thursday as analyst Reginald Smith cited its robust bitcoin (BTC-USD) mining operations and high-performance computing optionality.

On the other hand, Smith downgraded Cipher Mining (NASDAQ:CIFR) to Neutral from

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