Canaan Faces Nasdaq Delisting Deadline Amidst Struggles for Survival

Canaan, a Bitcoin mining hardware manufacturer, has 180 days to regain compliance with Nasdaq listing requirements after its shares fell below the minimum bid price of $1. The company's stock has hovered around $0.79 and has not traded above $5 since 2022. Canaan's revenue increased in 2025, but profitability remains elusive, with the company posting a net loss despite significant revenue growth. The company must close at least 10 consecutive business days at or above $1 to avoid delisting.