Crypto mining hardware manufacturer Canaan Inc. (NASDAQ: CAN) has received a delisting warning from Nasdaq. This comes after its shares traded below $1 for 30 consecutive business days. This is the second company in two months that has received a delisting letter from Nasdaq. Related: Nasdaq pushes the U.S. SEC for clear digital asset rules Canaan may seek extra time or a reverse split In a statement, the company said it was notified on Jan. 15 that it failed to meet the exchange’s minimum bid price r ...

Canaan is struggling against the time to retain its Nasdaq listing, highlighting the pressure on publicly traded crypto mining companies as poor equity performance and tough market regulations collide. This week, the Bitcoin mining hardware manufacturer disclosed that Nasdaq sent it a formal notice as regards its shares being listed at less than the minimum bid price of $1 for 30 consecutive business days, thereby activating a 180-day compliance period ending July 13, 2026. Source: Canaan As Canaan sta ...

Canaan Inc. (NasdaqGM:CAN) has received a fresh warning from Nasdaq over its sub-$1 share price. The company has kept its listing for now and can avoid delisting, while its stock trades under the threshold in Friday’s session. Singapore-based crypto mining hardware maker Canaan Inc. said it received a written notice from Nasdaq on Jan. 14, 2026. The notice stated that its American depositary shares (ADSs) no longer meet the minimum bid requirement under Listing Rule 5550(a)(2). The company ADSs have clo ...

Group 1 - Canaan Inc. has secured a 4.5-megawatt sales contract to deploy its Avalon A1566HA hydro-cooled mining servers in Japan for real-time grid balancing [1][2] - The deployment is set to begin by the end of 2025, with the servers helping to manage load fluctuations for a major Japanese utility [2] - Each Avalon server delivers between 480 to 500 terahashes per second, consumes 8,064 watts, and operates at an efficiency of 16.8 joules per terahash [3] Group 2 - Canaan's intelligent control chip allows the mining servers to adjust frequency, voltage, and hashrate, functioning as a digital load balancer [4] - The project builds on a previous initiative in the Netherlands, highlighting the increasing pressure on national power systems due to rising residential power consumption and AI computing [5] - The initiative aligns with Japan's evolving digital asset regulations, which may reclassify crypto assets as financial products [6][7] Group 3 - Canaan is also involved in energy-focused initiatives, such as converting flared gas into electricity for mining operations, amidst competition from AI infrastructure [8]

Company Expansion - Bitmain Technologies, the world's largest manufacturer of crypto mining hardware, plans to open its first US facility in the coming months [1]