The post Canaan Faces Nasdaq Delisting Risk as Shares Sink appeared on BitcoinEthereumNews.com.

The company now has until July 13 to regain compliance or face possible delisting. Canaan shares are down about 60% over the past year, with the company acknowledging it may pursue a reverse stock split if needed. On the other hand, Michael Saylor signaled another potential Bitcoin purchase by Strategy after the firm added $1.25 billion worth of Bitcoin last week. Strategy now holds 687,410 BTC at an average purchase price of $75,353. Canaan Stock Under Pressure Crypto mining hardware maker Canaan Inc. received a formal warning from Nasdaq after its share price fell below the exchange’s minimum listing requirements. Canaan disclosed on Friday that Nasdaq contacted the firm earlier in the week to notify it that it was no longer compliant with listing rules because its shares traded below the $1 minimum bid price for 30 consecutive business days. Statement from Canaan Under Nasdaq rules, Canaan has been granted a 180-day grace period, running until July 13, to regain compliance. To meet the requirement, the company’s shares must close at or above $1 for at least 10 consecutive trading days.  Canaan’s stock last traded above the $1 threshold on Nov. 28 and has struggled to recover since then. On Friday, shares closed at $0.79, down nearly 4% on the day, and the stock has not traded above $3 since December of 2024. Over the past 12 months, Canaan’s share price has fallen roughly 63%. Canaan stock price over the past 12 months (Source: CoinCodex) The warning comes at a time when many crypto mining firms are facing structural challenges. A growing number of miners shifted some or all of their operations toward supplying computing power for artificial intelligence workloads, which has reduced demand for traditional crypto mining rigs. This shift has weighed on hardware manufacturers like Canaan. Canaan said…

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Filed under: News - @ January 19, 2026 8:31 am