Canaan Technology Faces Nasdaq Delisting Threat Over Stock Price

According to BlockBeats, on January 16, Canaan Technology, a publicly traded Bitcoin mining company, disclosed that it received a written notice from Nasdaq on January 14. The notice indicated that the company violated Nasdaq Listing Rule 5550(a)(2), as its American Depositary Shares (ADS) have closed below $1.00 per share for 30 consecutive trading days. To avoid delisting, Canaan Technology must raise the closing price of its ADS to above $1.00 and maintain this level for 10 consecutive trading days by July 13, 2026.