Canaan Inc. (CAN), a leading provider of supercomputing solutions, saw its stock soar 5.51% in pre-market trading on Wednesday, as crypto-related shares staged a broad rebound. The surge comes as part of a wider recovery in the cryptocurrency sector, with several other companies in the space also posting significant gains.

The crypto market's resurgence has lifted various stocks in the industry. Bitfarms led the pack with an impressive 8% increase, while Bakkt and CEA joined Canaan with 4% gains. Other notable performers included CleanSpark, BitMine, and Figure, each climbing by 2%.

This pre-market rally for Canaan and its peers suggests renewed investor confidence in crypto-related stocks. As a major manufacturer of Bitcoin mining equipment, Canaan's stock performance often correlates with broader cryptocurrency market trends and investor sentiment. The company's substantial pre-market gain may indicate positive expectations for the crypto mining sector and Bitcoin's near-term prospects.