Canaccord Genuity


Markets

Bitcoin Miners Sit on Prime Power Assets as AI Pivot Accelerates: Canaccord

The broker said bitcoin mining still drives nearly all sector revenue even as the narrative shifts toward AI.

Racks of mining machines.

Markets

Galaxy Digital Price Targets Hiked Across Street Following Record 3Q Earnings

Cantor, Canaccord and Benchmark all raised their Galaxy price objectives.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Markets

Stablecoins Surge to Record $314B Market Cap as Institutional Race Heats Up: Canaccord

Regulation and new players are driving stablecoin momentum and paving the way for a new internet “money layer,” the broker said

DeFi networks are global. (NASA/Unsplash)

Markets

Cipher Is the Latest Bitcoin Miner to Pivot to AI; Price Target Raised to $16: Canaccord

The broker maintained its buy rating on the stock and raised its price objective to $16 from $12.

Racks of mining machines.

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Markets

Wall Street Sees U.S. Entry as Catalyst for Bullish’s Next Leg Up

The crypto exchange received two buys, one market-perform, and one neutral rating from Wall Street analysts.

Crypto exchange Bullish goes public on the New York Stock Exchange. (CoinDesk/Nik De)

Markets

Compliant Stablecoins Will Become the 'Money Layer of the Internet:' Canaccord

Stablecoins could find uses beyond that of a crypto trading pair after the U.S. Senate passed the GENIUS Act, the report said.

U.S. Capitol, Washington, D.C. (lazyllama/Shutterstock)

Markets

Bitcoin Mining Economics Expected to Be Stable, Profitable in 2025, Canaccord Says

Mining fundamentals are strong with the cost to mine around $27,000 per bitcoin for larger participants, the report said.

Racks of crypto mining machines.

Markets

MicroStrategy Remains One of the Best Ways to Gain Exposure to Bitcoin Given Its Intelligent Leverage Strategy: Canaccord

The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.

MicroStrategy Executive Chairman Michael Saylor (CoinDesk)

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Markets

Core Scientific, on Cusp of Becoming a Major Force in AI Hosting, Initiated at Buy: Canaccord

The broker started coverage of the bitcoin miner with a buy rating and a $16 price target.

Core Scientific's Marble facility in North Carolina. (Core Scientific)

Markets

Crypto Market Has Evolved in the Past Year, Canaccord Says

The digital assets industry has bounced back from the collapse of crypto exchange FTX and returned to growth in the past 12 months, the report said.

Scrabble letters spelling ETF arranged a rack

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