Bitcoin Miner Canaan Faces Nasdaq Showdown: Will a Share Price Below $1 Spell Doom?
So here’s a head-scratcher for you—can a stock hovering stubbornly below $1 keep its Nasdaq listing alive? Singapore-based Canaan Inc. finds itself walking this tightrope, needing to push its share price above that crucial $1 mark for ten straight trading sessions by mid-2026 to dodge the dreaded delisting bullet. It’s almost like watching a high-stakes game show where the prize is survival—and the timer’s ticking. But wait, if the clock runs out, there’s still a lifeline: a possible 180-day extension, provided Nasdaq says yes and the company coughs up a $5,000 fee. Meanwhile, the market’s not playing nice—Canaan’s stock is sticking around $0.798, reflecting not just the cloudy crypto climate but also some gnarly operational hurdles. It raises a cheeky question—how much hustle will it take for Canaan to climb back from the trenches before the Nasdaq buzzer sounds? Dive into the full story here and see what might be next for this crypto mining contender. LEARN MORE.
Key Notes
- Singapore-based Canaan must maintain share price above $1 for 10 consecutive sessions by July 13, 2026, or face potential delisting.
- The company may qualify for an additional 180-day extension if initial compliance period fails, subject to Nasdaq approval and fees.
- Canaan’s stock continues trading at $0.798, reflecting weak demand amid broader crypto market conditions and operational challenges.
Canaan Inc. (NasdaqGM:CAN) has received a fresh warning from Nasdaq over its sub-$1 share price. The company has kept its listing for now and can avoid delisting, while its stock trades under the threshold in Friday’s session.
Singapore-based crypto mining hardware maker Canaan Inc. said it received a written notice from Nasdaq on Jan. 14, 2026. The notice stated that its American depositary shares (ADSs) no longer meet the minimum bid requirement under Listing Rule 5550(a)(2).
The company ADSs have closed below $1 for 30 straight business days, triggering the deficiency notification, according to their press release.
Canaan Has a Second Chance to Avoid the Delisting
Based on Nasdaq Listing Rule 5810(c)(3)(A), Canaan now has 180 calendar days, until July 13, 2026, to restore compliance. The company must raise its ADS closing bid to at least $1 for 10 consecutive trading sessions. The notice does not immediately affect the listing or trading of Canaan’s securities on Nasdaq. The shares will continue to trade under the ticker CAN during the grace period.
If the company fails to reach the 1 dollar level by July 13, it may still qualify for a second 180-day compliance window, subject to Nasdaq staff review. To obtain that extension, the company would need to apply for a transfer and pay a $5,000 fee. It must also satisfy other initial listing standards beyond the bid price and confirm it plans to fix the issue, including through a potential reverse stock split.
Canaan says it will monitor its share performance and take steps to regain compliance with the bid rule.
Canaan Stock Keeps Trading Below the Threshold After Notice
Canaan’s stock continued to trade below the 1 dollar mark on Friday, despite the notification becoming public, and even dropped 3%. The ADSs changed hands around 0.80 dollars. The last quoted price was 0.798 dollars as of early afternoon on Jan. 16, 2026. This shows the bid remains well below the required level, according to Yahoo! Finance.
Canaan Inc. Stock Price | Source: Yahoo! Finance
The data show the stock has remained below $1 in recent days, matching the 30-day stretch mentioned in Nasdaq’s notice. The last time it was above $1 was October 2025, when the company announced a 4.5 MW contract to connect its Bitcoin
BTC
$95 179
24h volatility:
0.5%
Market cap:
$1.90 T
Vol. 24h:
$31.62 B
miners in Japan.
The analysts’ average price target for CAN remains in the multi-dollar zone, but this does not affect Nasdaq’s minimum bid rule. The target may reflect Canaan’s Bitcoin Treasury, ranked #38 on BitcoinTreasuries, and its strong correlation with Bitcoin prices.
Canaan’s results remain tied to demand for bitcoin mining machines and broader market conditions in the crypto industry. The company again highlighted these factors in the forward-looking statements section of its latest announcement. Their executives also pointed to macroeconomic and regulatory risks that could influence its ability to execute its strategy while it works to resolve the listing deficiency.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.
