Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst

coindesk.com/markets/2025/05/06/bitcoin-mining-rig-maker-canaan-could-have-5x-upside-says-wall-street-analyst

Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer.
Palmer on Tuesday initiated coverage of the ADRs with a buy rating and a $3 price target. The shares closed yesterday at…

This story appeared on coindesk.com, 2025-05-06 13:08:41.
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