Canaan reported fourth-quarter revenue of $196.3 million, a 121% year-over-year increase driven by renewed demand for Bitcoin mining rigs. The rebound signals growing miner confidence after a sluggish start to the year.
Canaan said it received a Nasdaq deficiency notice on Jan. 14, 2026 after its American depositary shares traded below $1.00 for 30 consecutive business days. The notice starts a compliance clock and raises delisting risk if the company fails to cure the deficiency.
Nasdaq has issued a delisting warning to Bitcoin miner Canaan after its shares remained under $1, putting the company close to a compliance deadline despite a recent hardware order and an October rally. The move raises risks for investors and could limit the firm's access to U.S. capital markets.
Canaan Inc. reports record Bitcoin reserves and expanded mining capacity as it steps up strategic investments and infrastructure growth. Management expects these moves to further strengthen operations through the end of 2025.