Canaan Hit With Nasdaq Warning as Share Price Falls Below $1
Canaan reported that Nasdaq sent a deficiency notice on Jan. 14, 2026 after the company’s ADS traded under $1.00 for 30 consecutive business days. The company, known for high-performance computing and crypto mining hardware, acknowledged the notice and noted the pricing breach that triggered Nasdaq’s minimum bid rule.
Under Nasdaq rules, Canaan typically has a compliance period to regain the minimum $1 closing bid or pursue an alternative plan to remain listed; failure to cure the deficiency could lead to delisting proceedings. The warning is a negative signal for investor confidence and underscores ongoing pressure on mining-equipment firms amid weak crypto-driven demand. Market watchers will look for any remedial measures from Canaan, such as a shareholder-friendly action or a plan to restore compliance, in the coming weeks.