Canaan (NASDAQ: CAN)
Canaan (NASDAQ: CAN) may benefit from a restoration in Bitcoin costs and renewed demand for mining tools.
The corporate designs and manufactures application-specific built-in circuit (ASIC) mining machines whereas working its personal Bitcoin mining infrastructure.
CAN shares had been buying and selling at $0.20, down 73% in 2026, leaving appreciable room for a speculative restoration.
For CAN shares to ship a 10-fold return, they would want to climb from roughly $0.20 to $2 inside a yr.
Canaan’s second-quarter 2026 outcomes confirmed income of $31.9 million, down from $62.7 million within the earlier quarter. Product income declined to $13.6 million, whereas mining income reached $17.7 million.
However, the corporate has continued increasing its mining operations. Its September replace confirmed that it held 1,875 $BTC, mined 44 Bitcoin throughout the month, and maintained roughly 10 exahashes per second (EH/s) of put in non-joint-venture computing energy.
Canaan repurchased 16.4 million ADSs for $7.4 million as of September 8, utilizing proceeds from promoting a part of its cryptocurrency holdings. The corporate will report its third-quarter outcomes on November 10.
Bit Digital (NASDAQ: BTBT)
Bit Digital (NASDAQ: BTBT) affords publicity to Ethereum and synthetic intelligence (AI) infrastructure.
Not like conventional Bitcoin miners, the corporate has more and more shifted its technique in direction of accumulating and staking Ethereum whereas increasing its AI and high-performance computing (HPC) operations by way of its majority-owned WhiteFiber subsidiary.
As of September 30, 2026, Bit Digital held roughly 163,725.9 $ETH, offering substantial publicity to the cryptocurrency’s worth efficiency.
Its second-quarter outcomes confirmed progress in its infrastructure enterprise. Income reached $32.1 million, up 15% from the primary quarter, whereas gross revenue totalled $18.6 million, representing a gross margin of 57.9%.
Cloud companies income elevated 42% quarter over quarter to $23.8 million, supported by new buyer contracts and expanded companies.
The corporate additionally reported roughly $1 billion in remaining efficiency obligations on the finish of June, offering visibility into future contracted income.
Bit Digital is scheduled to launch its third-quarter outcomes on November 12, 2026. The report may present additional perception into its Ethereum treasury technique and the contribution of its increasing AI infrastructure operations.
On the present worth of $0.85 per share, BTBT would want to climb to $8.50 to ship a 10-fold return inside 12 months.
Nevertheless, its quarterly losses, financing obligations, and publicity to cryptocurrency worth fluctuations stay necessary dangers.
Featured picture by way of Shutterstock
