TechFlow news, May 7 — According to Decrypt, investment bank Benchmark on Tuesday released an analysis report upgrading the stock rating of bitcoin mining machine manufacturer Canaan Inc. (CAN) to "Buy," with a target price of $3, representing a fivefold increase from its current price of $0.60. Analyst Mark Palmer believes that the company's expansion into the North American market and its diversified strategy in developing consumer-grade mining devices will drive share appreciation, while also expressing optimism about potential benefits from rising bitcoin prices.
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