Canaan Inc. (CAN), a leading provider of Bitcoin mining machines and AI chips, saw its stock soar 10.69% in pre-market trading on Monday. This significant uptick comes as part of a broader surge in crypto-related shares, with several companies in the sector experiencing notable gains over the weekend.

The rally in Canaan's stock price reflects the current positive sentiment surrounding the cryptocurrency market. As a major player in the Bitcoin mining hardware industry, Canaan's performance often correlates with trends in the broader cryptocurrency ecosystem. The company's strong pre-market showing builds upon its 9.92% gain during Sunday's overnight trading session, indicating sustained investor interest.

Other crypto-related stocks also saw impressive gains during the overnight session. BIT Mining and Bakkt were up over 4%, while GameSquare, Bitfarms, and Circle all rose by approximately 3%. This collective upward movement suggests a potential shift in investor sentiment towards the cryptocurrency sector, which could have positive implications for companies like Canaan Inc. in the near future.