Canaan Inc. (CAN), a leading provider of supercomputing solutions, saw its stock soar by 9.92% during Sunday's overnight trading session. This significant uptick comes as part of a broader surge in crypto-related shares, with several companies in the sector experiencing notable gains.

Canaan Inc., known for its Bitcoin mining machines and AI chips, benefited from renewed investor interest in cryptocurrency-related stocks. The company's strong performance reflects the current positive sentiment surrounding the crypto market. As a major player in the Bitcoin mining hardware industry, Canaan's stock price often correlates with trends in the broader cryptocurrency ecosystem.

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.