$CAN

Bitcoin's 23% rally on Aug. 27 lifted shares of Canaan, American Bitcoin, and Cango by up to 67%, outperforming some AI-focused stocks, according to Cointelegraph.

Bitcoin surged 22.49% in August, outperforming most AI-linked stocks. Canaan (CAN), American Bitcoin (ABTC), and Cango (CANG) rose 66.99%, 53.71%, and 40.96% respectively. The rally was driven by a short squeeze and strong spot ETF demand. Several miners faced listing pressure but rebounded. The move's sustainability depends on continued spot demand and on-chain metrics.

Cryptocurrency and blockchain-related stocks rose on Friday as Bitcoin climbed over 9% to near $80,000. Companies like Coinbase (COIN), MicroStrategy (MSTR), and Robinhood (HOOD) saw gains. Mining firms and ETFs tracking Bitcoin also advanced. The rally followed U.S. President Trump's call for crypto legislation and Treasury support for long-duration bonds.

Cryptocurrency-related stocks rose after the US Treasury announced doubled buybacks for long-duration bonds, boosting risk assets. Bitcoin and Ether prices increased, with Bitcoin crossing $70,000. US President Trump urged Congress to pass crypto legislation, supporting the Clarity Act. Several crypto-related companies, including Coinbase and Canaan, saw stock gains.

Bitcoin and crypto stocks surged after President Trump endorsed the Clarity Act, which aims to define regulatory roles for digital assets. Bitcoin rose 3.4% to $71,700, while Coinbase, Strategy, and others saw gains. The rally follows Trump's meeting with crypto executives and his support for clearer crypto regulations.

Cryptocurrency and blockchain-related stocks surged in premarket trading after U.S. President Donald Trump urged Congress to pass the Clarity Act, which would define cryptocurrency as a security or commodity. Bitcoin rose 3.4% to $71,700, and Ether gained 3.3%. Companies like Coinbase Global, Riot Platforms, and Canaan saw significant gains. The move follows the GENIUS Act's passage in July 2025, which established a regulatory framework for stablecoins.

Bitcoin surged 11.36% to $71,775, boosting four crypto-related stocks. Despite the rally, most stocks show 'Strong Sell' signals on weekly charts, and Bitcoin's daily RSI is overbought at 77.9. CleanSpark is the only profitable company among the four, while others report losses. Analysts project varied upside potential, with CleanSpark at 105.7% and Canaan at 28.7%.

CleanSpark, BitFuFu, and Canaan reported lower bitcoin production in July for a second straight month. CleanSpark mined 586 BTC (down ~5% from 614). BitFuFu produced 112 BTC (down ~10% from 125) and Canaan 46 BTC (down ~28% from 64). The article links declines to hashrate changes and July BTC price recovery, and notes differing stock YTD performance.

Canaan Inc. (NASDAQ: CAN) said its management is authorized to monetize part of its digital asset treasury to fund share repurchases of its American depositary shares under an existing board-approved program effective Dec. 12, 2025. The company cited about $130 million in digital assets (as of Aug. 3, 2026) and said it may repurchase more depending on ADS price and conditions.

Unilever (ULVR) shares rose after it upgraded full-year outlook on improving sales. It reported €25.6bn revenue and €4.66bn pre-tax profit for six months to 30 June, with underlying sales up 4.8%. Other FTSE movers included Barclays (BARC) guidance and buyback, Forterra (FORT) results, and Canal+ (CAN) profit jump tied to MultiChoice consolidation.