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JPMorgan has upgraded Riot's rating to "Overweight", optimistic about its Bitcoin mining and AI infrastructure prospects.
According to ChainCatcher news, Bitcoin.com News reports that JPMorgan has upgraded the rating of the U.S. Bitcoin mining operator Riot to “Overweight.” JPMorgan analysts stated that the upgrade is mainly based on two factors: first, Riot's Bitcoin production capacity is underestimated by the market; second, the company has rise potential in the artificial intelligence infrastructure sector.