Canaan Stock Surges 12% as Investors Treat Mining Operators as AI-Driven Infrastructure Plays

Canaan's stock has bucked the soft crypto tape to climb 12% to €0.3080, as investors increasingly treat mining operators as infrastructure plays tied to artificial intelligence and high-performance computing.

The advance came despite Bitcoin slipping 2.2% on the day, underscoring how sentiment around the sector has decoupled from the price of the underlying asset.

On-chain data appears to back that shift, with the Bull Score Index jumping from 30 to 80 over the past week, its highest reading since October 2025.