important notes
Singapore-based Canaan must maintain its stock price above $1 for 10 consecutive sessions by July 13, 2026, or face delisting. Subject to Nasdaq approval and fees, the Company may be eligible for an additional 180-day extension if it fails to meet the initial compliance period. Canaan stock continues to trade at $0.798, reflecting weak demand amid broader crypto market conditions and operational challenges.
Canaan Inc. (NasdaqGM:CAN) received a new warning from Nasdaq for its sub-$1 stock price. The company remains listed for now, and while its stock price fell below the threshold in Friday trading, it is able to avoid delisting.
Canaan Inc., a Singapore-based cryptocurrency mining hardware manufacturer, announced on January 14, 2026 that it received a written notice from Nasdaq. The notice stated that the company’s American Depositary Shares (ADS) no longer meet the minimum bid requirements under Listing Rule 5550(a)(2).
According to a press release, the company’s ADSs have closed below $1 for 30 consecutive business days, triggering the shortfall notice.
Canaan has a second chance to avoid delisting
Under Nasdaq Listing Rule 5810(c)(3)(A), Canaan has 180 calendar days, until July 13, 2026, to restore compliance. The company must increase the ADS closing bid amount to at least $1 for 10 consecutive trading sessions. This notice does not have any immediate effect on the listing or trading of Canaan Securities on Nasdaq. The stock will continue to trade under the ticker CAN during the grace period.
If the company fails to reach the $1 level by July 13, it may still be subject to a second 180-day compliance period, subject to review by Nasdaq staff. To obtain this extension, the company must apply for a transfer and pay a $5,000 fee. It also needs to confirm that other initial listing criteria other than the bid price are met and that there is a plan to resolve the issue, including the possibility of a reverse stock split.
Canaan says it will monitor the stock’s performance and take steps to regain compliance with bidding rules.
Canaan stock continues to trade below standard price even after notification
Despite the announcement, Canaan’s stock price remained below $1 on Friday, at times dropping 3%. ADSs traded at approximately $0.80. According to Yahoo!, the last bid was $0.798 as of early afternoon on January 16, 2026. This shows that the bid price is still well below the required level. finance.
Canaan Co., Ltd. stock price |Source: Yahoo! Finance
According to the data, the stock price has been trading below $1 in recent days, consistent with the 30-day period mentioned in the Nasdaq notice. The last time it was above $1 was in October 2025, when the company announced a 4.5MW contract to connect to Bitcoin.
BTC
$94,970
24 hour volatility:
0.5%
Market capitalization:
$1.90 trillion
Vol. 24 hours:
$3.753 billion
Japanese miners.
CAN’s average price target by analysts remains in the several-dollar zone, but this does not affect Nasdaq’s minimum bid rule. This goal likely reflects Canaan’s Bitcoin Treasury, which ranks 38th on BitcoinTreasuries, and its strong correlation with Bitcoin price.
Canaan’s performance remains tied to demand for Bitcoin mining machines and broader market conditions in the cryptocurrency industry. The company reiterated these factors in the forward-looking statements section of its latest announcement. Executives also pointed to macroeconomic and regulatory risks that could impact the company’s ability to execute on its strategy as it works to resolve listing deficiencies.
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José Rafael Peña Gollum is a crypto journalist and editor with nine years of experience in the crypto industry. He has written for top outlets such as CriptoNoticias, BeInCrypto, and CoinDesk. We specialize in Bitcoin, blockchain, and Web3 and produce news, analysis, and educational content for a global audience in both Spanish and English.
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