Bitcoin Miner Canaan Receives Nasdaq Delisting Warning Over Sub-$1 Share Price

Core Viewpoint - Canaan Inc. has received a warning from Nasdaq regarding its share price falling below $1, which could lead to delisting if not addressed within the specified timeframe [1][3]. Group 1: Nasdaq Warning and Compliance - Canaan's American depositary shares (ADSs) have closed below $1 for 30 consecutive business days, triggering a deficiency notification from Nasdaq [2]. - The company has 180 calendar days, until July 13, 2026, to restore compliance by raising its ADS closing bid to at least $1 for 10 consecutive trading sessions [3]. - If compliance is not achieved by the deadline, Canaan may qualify for a second 180-day compliance window, contingent on Nasdaq staff review and a $5,000 application fee [4]. Group 2: Stock Performance and Market Conditions - Canaan's stock continued to trade below the $1 mark, dropping 3% to around $0.80, with the last quoted price at $0.798 as of January 16, 2026 [6]. - The stock has remained below $1 since October 2025, when the company announced a contract related to Bitcoin mining in Japan [7]. - Canaan's performance is closely tied to the demand for bitcoin mining machines and broader market conditions in the crypto industry, with executives acknowledging macroeconomic and regulatory risks [8].