Stock Track | Canaan Inc. Soars 7.8% Boosted by Crypto Market Rally

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Canaan Inc. (CAN), a leading provider of high-performance computing solutions, saw its stock soar 7.8% in the pre-market trading session on Thursday, riding the wave of a broader cryptocurrency market rally that kicked off the new year.

Major cryptocurrencies like Bitcoin and Ethereum started 2025 on a bullish note, with Bitcoin surpassing $95,000 and Ethereum nearing $3,400. This positive sentiment spilled over to crypto-related stocks, including Canaan, as investors anticipated increased demand for mining equipment and services.

The pre-market surge in Canaan's stock reflects investors' optimism about the company's prospects in a thriving crypto market. As a leading player in the crypto mining industry, Canaan is well-positioned to capitalize on the growing adoption and interest in digital assets.

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