The bank sees limited value capture in MARA’s capital-light Starwood venture, preferring AI/HPC operators that control data-center development and operations.
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.

A Senate floor vote on crypto market-structure legislation is splitting the sector in real time, lifting some names while a JPMorgan downgrade punishes a miner that Bitcoin's rally cannot save.

MARA Holdings (NASDAQ:MARA) shares fell 5. 7% in pre-market trading to $11.
JPMorgan's vertically integrated AI infrastructure gives it a more direct path to monetizing its power capacity, in contrast to MARA's partner-led data center approach, according to the bank.
Bitcoin’s climb to $65,000 failed to lift Bitcoin mining stocks, even as MSTR, CRCL, and other crypto-linked equities moved higher.
TeraWulf shares rose more than 12% in morning trade after Morgan Stanley raised its price target and maintained an 'Overweight' rating.