Nasdaq Issues Delisting Warning to Bitcoin Mining Giant Canaan—180 Days to Comply

2026-01-19 21:54:08

Source: CryptoNewsNet Original Title: Unexpected Warning from Nasdaq to Chinese Bitcoin (BTC) Company! They Have Until This Date! Original Link: While many cryptocurrency companies face the risk of being delisted from Nasdaq in 2025, another company has been added to this list.

Canaan, a giant in Bitcoin mining and a Chinese manufacturer of mining equipment, received a warning from Nasdaq regarding non-compliance with listing rules.

Canaan is facing the risk of delisting due to the decline in its share price. Nasdaq warned the company that it did not comply with its listing rules because its shares had closed below $1 for the past 30 trading days. According to the “$1 rule” on Nasdaq, if a company’s shares close below $1 for 30 consecutive trading days, the company is considered non-compliant with listing rules.

Like many crypto companies, Canaan has experienced a significant drop in share value (63%) in the last year. The company now has 180 days (until July 13) to remedy the situation.

For Canaan to avoid delisting, its share price needs to close above $1 for at least 10 consecutive trading days. This represents a critical deadline for the mining equipment manufacturer to stabilize its market position.

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