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Canaan’s Stock Primed for 500% Surge as Bitcoin Miner Demand Heats Up
Canaan’s Stock Primed for 500% Surge as Bitcoin Miner Demand Heats Up
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Benchmark’s bombshell price target puts Canaan—the often-overlooked ASIC manufacturer—front and center in the mining arms race. Forget pickaxes; the real gold rush is in hardware.
Why Wall Street slept on Canaan
While analysts drooled over flashy AI plays, Bitcoin’s infrastructure builders quietly stacked gains. Now, with hash prices rebounding and institutional miners expanding, Benchmark’s 5x upside call exposes how undervalued this supply-chain linchpin became.
The cynical take? Another case of finance ‘experts’ chasing momentum after the easy money’s been made. But with Canaan trading at just 1.2x sales versus competitors at 5x, even skeptics might dust off their spreadsheets.
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