Canaan Faces Nasdaq Delisting Deadline Amidst Struggles for Survival
ByAinvest
Saturday, Jan 17, 2026 1:42 am ET1min read
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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.
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