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Bitcoin's 23% rally sent Canaan, American Bitcoin, and Cango each up as much as 67%, outrunning AI-linked stocks on renewed crypto demand.
The session showed that $BTC exposure can still drive mining equity performance even as the sector presses further into AI workloads. The 67%-to-23% spread puts the equity-to-token gain ratio near 2.9 to 1 at the peak.
All three names had entered the session beaten down. The reversal cleared AI-linked stocks. Despite the mining industry's AI push, renewed crypto demand moved the needle.
Canaan, American Bitcoin, and Cango each soared past AI stocks on the back of BTC's 23% gain. Related reading - Nvidia earnings and Kevin Warsh's first Jackson Hole speech land on a market in repair mode
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