Rosenblatt Sees 220% Rise in Investing.com’s Bitcoin Miner

Investing.com – In a market environment that revolves around the crypto market, the Rosenblatt Analysis House has an interesting interesting view in the middle of Wednesday: the Bitcoin miner Canaan (NASDAQ:) is optimally developed, one of the profitable Bitcoin companies. Rosenblatt supported the Canaan stock with “Buy” and set a price of 3.00 dollars. According to the current price level, a yield potential of up to 230% is discussed.

“Wir stop de Position von Canaan für die bevorstehenden Bitcoin-Bullmarkt für überzeugend“, lautet das zentrale Fazit der Experts.

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ASIC technology as Schlüssel zum Erfolg

One of Rosenblatt’s scientific arguments for the probable assessment is the Canadian fortschrittliche ASIC chip technology. ASIC focuses on ‘Application-Specific Integrated Circuit’, also chips, which are specially developed for a best investment, in the fall of Bitcoin-Mining, which is available. This technology can be changed by the analysts of a German wettbewerbsvorteil.

“Canaan’s mining rigs offer superior performance, energy efficiency and robustness,” the report says. After the Bitcoin halving began in April 2024, when investment in mining came to a halt, this technology has been pushing results. The next generation of mining rigs – the A15 and A16 models – are coming to the market over the years and are attacking high vulnerability.

Selbststandiges Mining als strategic Wachstumshebel

Next to the powerful technology, Rosenblatt Canaans focuses on the so-called Self-Mining as a central reserve fund. If you use the mining platforms yourself, you can now rely on selling them. This strategy is used as a German profit maker and can make mining profitable in this way.

“The self-build mining activities of Canaan are profitable as the queen of Rigs”, explains Rosenblatt. For all bets in the region with the favorable current, in West Texas and the Nahen East, this strategy is better than renting. These pitches are no longer taxable, but reassure them, if the robust connections of the external systems are efficiently carried out in no time.

Bewertungsabschlag und Potenzial nach oben

Moreover, the results were visible with a minimum EV/Umsatz of 0.6 empty bewertet, which was deutlich under the branches of 3.9 lies. Rosenblatt sees the new Bewertung as übertrieben and power that is another for rental devising, so that the Wahrnehmung of Canaan is responsible as pure hardware recommendations.

“We understand that Canaan’s assets are undervalued,” he is in the Analysis. Especially the combination of own hardware, self-mining and the strong parts of the next generation mining installations that the Rosenblatt potential has developed for a new operation of the external systems.

On balance, Rosenblatt sees more Schlussselffactors, which speak for a purchase of the transaction: the increasing Hashrate on Bitcoin Network (also the Rechenleistung, who are interested in mining Bitcoins), the increased price and the subsequent resulting Nachfrage nach Canaans Mining Rigs ensure profitable Self-Mining activities.

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