Mining company MARA shares fell over 3% after JPMorgan downgraded the stock to "Underweight".

BlockBeats news, September 14, according to BIT (Bit.com) market data, the stock price of Bitcoin mining company MARA fell 3.57% today, and its market capitalization dropped to $4.456 billion.

On the news front, JPMorgan downgraded Bitcoin mining company MARA from "Overweight" to "Underweight" and lowered its target price from $13 to $11.

Analyst Richard Choe believes that MARA's strategy of forming a joint venture with Starwood Capital and shifting some mining facilities to AI and high-performance computing data centers may have the problem of "diluted value creation," and some of the company's mining sites have relatively small power capacity and are not suitable for conversion into data centers.