Is Canaan the Undervalued Bitcoin-Mining Play Riding Mineflow and Alberta’s Gas-to-Computing Pilot?

Canaan Inc is catching a wave as an undervalued bitcoin-mining play, riding two catalysts and upgrade chatter ^[1]. Analysts are starting to push higher targets, sparking talk of a near-term rally ^[2].

Mineflow Investment Platform — On July 14, 2025, the platform was unveiled, a potential revenue driver for the mining fleet. The company also rolled out monthly mining updates and Q2 disclosures showing smaller losses and commentary that modestly beat expectations ^[1].

Alberta gas-to-computing pilot — On Oct 13–14, 2025, the Alberta project in Calgary, with Aurora AZ Energy, aims to convert stranded gas into on-site power for miners (≈700 Avalon A15 Pro rigs, 2.5 MW). Analysts lifted price targets the same day ^[1].

By Oct 15–16, Nasdaq notified that Canaan Inc regained compliance with the $1 minimum bid requirement ^[1]. Analysts at Rosenblatt and BTIG boosted price targets to $4 and $8, reflecting the hype around these catalysts ^[2].

Sentiment in posts ranges from optimism on upside to questions about sustainability: - Some posts argue the stock could rally into earnings sandwiched around these catalysts ^[4]. - Others wonder if the run is already pricing in too much optimism or if more upside remains ^[5].

Closing thought: the Alberta pilot timeline and next earnings release will be the true tests of momentum for this battered-but-breathing miner.

References posted: ^[1], ^[2], ^[4], ^[5]

References