Canaan Inc. Faces Nasdaq Delisting Warning as Share Price Remains Below $1

Canaan Inc. Faces Nasdaq Warning Over Sub-$1 Share Price

Singapore-based crypto mining hardware manufacturer Canaan Inc. (NasdaqGM: CAN) has received a formal warning from Nasdaq regarding its American depositary shares (ADSs), which have been trading below the $1 threshold for over 30 consecutive business days. The notification, issued on January 14, 2026, indicates that the company is currently in violation of Nasdaq’s Listing Rule 5550(a)(2), which mandates a minimum bid price for continued listing.

Despite this setback, Canaan has managed to maintain its listing for the time being. The company now has a grace period of 180 calendar days, until July 13, 2026, to rectify the situation. To regain compliance, Canaan must elevate its ADS closing bid to at least $1 for a minimum of 10 consecutive trading sessions. During this period, the shares will continue to trade under the ticker CAN.

If Canaan fails to meet the $1 requirement by the deadline, it may still qualify for an additional 180-day compliance window, contingent upon a review by Nasdaq staff. To secure this extension, the company would need to apply for a transfer and pay a $5,000 fee, while also demonstrating a commitment to addressing the issue, potentially through a reverse stock split.

As of January 16, 2026, Canaan’s stock continued to languish below the critical $1 mark, closing at approximately $0.80—a drop of 3% on the day. This decline reflects a broader trend, as the stock has remained under the $1 threshold since October 2025, when the company announced a significant contract to connect its Bitcoin miners in Japan.

Analysts maintain a positive outlook for Canaan, with average price targets in the multi-dollar range. However, this optimistic assessment does not influence Nasdaq’s stringent minimum bid rule. The company’s performance is closely tied to the demand for bitcoin mining machines and the overall health of the cryptocurrency market, factors that executives have acknowledged in their recent communications.

Canaan’s leadership has expressed its commitment to monitoring share performance and implementing necessary measures to regain compliance with Nasdaq’s listing requirements. As the company navigates these challenges, it remains focused on its strategic goals amid a landscape marked by macroeconomic and regulatory uncertainties.

For further updates on Canaan Inc. and its efforts to address the Nasdaq warning, stay tuned.