Stock Track | Canaan Inc. Soars 5.17% in Pre-Market Trading on New U.S. Customer Order and Rising Crypto Prices

Stock Track01-06

Canaan Inc. (CAN), a leading provider of high-performance computing solutions, witnessed a significant pre-market surge of 5.17% on Monday morning. The stock's impressive performance can be attributed to two key factors: a new customer order and bullish sentiment in the cryptocurrency market.

Firstly, Canaan announced that its wholly-owned subsidiary, Canaan U.S., has secured a purchase agreement with a new, strategic United States-based customer. The deal involves the acquisition of Canaan's A15XP miners, highlighting the growing demand for the company's cutting-edge mining solutions.

Additionally, the broader cryptocurrency market experienced a bullish trend, with Bitcoin surpassing the $99,000 mark and trading at around $99,176, representing a 24-hour gain of 1.06%. This positive sentiment in the crypto space has fueled optimism among investors, leading to a surge in shares of companies like Canaan, which are closely tied to the cryptocurrency industry.

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