Canaan received a second Nasdaq non-compliance notice in a year for trading below $1.
The firm must regain $1+ for 10 straight trading days by July 13, 2026, to avoid delisting risk.
Weak miner margins and post-halving pressure continue to weigh on mining-related stocks.
Canaan Inc., a Bitcoin mining hardware manufacturer listed on the Nasdaq, is facing renewed delisting risk after its shares fell below the exchange’s $1 minimum bid price requirement for the second time in less than a year. The warning adds pressure on the company as Bitcoin miners struggle with weaker profitability, rising competition, and post-halving margin compression.
Canaan disclosed the latest development in a statement last week, confirming that it received a formal non-compliance notice from Nasdaq. The notice cites Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a closing bid price of at least $1.00 for 30 consecutive business days.
Canaan said it will monitor its
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