đš Breaking News â Special Report â Urgent Market Update đš
New York City â 10:58 PM EST
Canaan Inc., one of the worldâs leading ASIC Bitcoinâmining hardware manufacturers, has just been hit with a formal Nasdaq delisting warning after its stock remained below the required $1 bid price for 30 consecutive trading days, placing the company at risk of being removed from the exchange đâ ïž.
According to multiple regulatory disclosures, Canaan now has 180 days â until July 13, 2026 â to lift its closing bid back above $1 for at least 10 straight sessions, with shares currently trading around $0.79, down more than 60% over the past year. [invezz.com], [cointelegraph.com]
Nasdaq stated that the notice does not immediately affect trading, but failure to recover could push Canaan into overâtheâcounter markets, where liquidity and investor accessibility typically suffer đ.
The company has indicated it may consider a reverse stock split if market conditions do not naturally restore the bid price â a move commonly used by firms seeking to regain compliance with exchange listing rules, though it does not alter underlying valuation đ§đ. [invezz.com], [coincentral.com]
The warning comes as cryptoâmining hardware demand remains under pressure, with many mining firms shifting toward AIâfocused computation markets.
Despite this, Canaan recently secured a notable order of 50,000 Avalon A15 Pro rigs, its largest in over three years, though that momentum wasnât enough to lift the stock back above the $1 threshold đŠâĄ. [cointelegraph.com]
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