Stock Track | Canaan Inc. Soars 5.22% as Crypto Shares and Bitcoin Rally

Stock Track

2 hours ago

Canaan Inc. (CAN), a leading provider of supercomputing solutions and Bitcoin mining hardware, saw its stock soar 5.22% in Monday's trading session. The significant uptick comes amid a broader rally in cryptocurrency-related stocks and a surge in Bitcoin's price.

The crypto market experienced a notable boost, with Bitcoin jumping past $106,000 for the first time in nearly a week. This rally was attributed to reports of a potential agreement to end the 40-day U.S. government shutdown. The positive sentiment in the crypto space lifted various crypto-related stocks, with companies like BitMine and IREN seeing gains of over 7%, while others such as TeraWulf, Circle, Riot Platforms, and CleanSpark rose by 5% or more.

As a major player in the Bitcoin mining hardware industry, Canaan Inc.'s stock price is often closely tied to the performance of the broader cryptocurrency market. The surge in Bitcoin's value and the overall positive trend in crypto stocks likely contributed to investor optimism surrounding Canaan's business prospects. With Bitcoin trading above $106,000 and Ethereum, the second-largest cryptocurrency, surpassing $3,600, the outlook for mining equipment demand remains strong, potentially benefiting companies like Canaan Inc. in the near term.

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Soars 5.22% as Crypto Shares and Bitcoin Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-11-11 09:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Canaan Inc. (CAN), a leading provider of supercomputing solutions and Bitcoin mining hardware, saw its stock soar 5.22% in Monday's trading session. The significant uptick comes amid a broader rally in cryptocurrency-related stocks and a surge in Bitcoin's price.</p>\n\n<p>The crypto market experienced a notable boost, with Bitcoin jumping past $106,000 for the first time in nearly a week. This rally was attributed to reports of a potential agreement to end the 40-day U.S. government shutdown. The positive sentiment in the crypto space lifted various crypto-related stocks, with companies like BitMine and IREN seeing gains of over 7%, while others such as TeraWulf, Circle, Riot Platforms, and CleanSpark rose by 5% or more.</p>\n\n<p>As a major player in the Bitcoin mining hardware industry, Canaan Inc.'s stock price is often closely tied to the performance of the broader cryptocurrency market. The surge in Bitcoin's value and the overall positive trend in crypto stocks likely contributed to investor optimism surrounding Canaan's business prospects. 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