en.bitcoinsistemi.com
19 January 2026 18:49, UTC
While many cryptocurrency companies face the risk of being delisted from Nasdaq in 2025, another company has been added to this list.
Canaan, a giant in Bitcoin mining and a Chinese manufacturer of mining equipment, received a warning from Nasdaq.
Accordingly, Canaan is facing the risk of delisting from Nasdaq due to the decline in its share price.
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In its letter, Nasdaq warned the company that it did not comply with its listing rules because its shares had closed below $1 for the past 30 trading days. As is known, the “$1 rule” on the Nasdaq states that if a company’s shares close below $1 for 30 consecutive trading days, the company is considered non-compliant with the listing rules.
Like many crypto companies, Canaan, which has experienced a significant drop in share value (63%) in the last year, has 180 days (until July 13) ahead of it.
For Canaan to avoid being delisted, its share price needs to close above $1 for at least 10 consecutive trading days.
Furthermore, Canaan was not the first company to receive a delisting warning from Nasdaq. As you may recall, Nasdaq had also sent the same warning letter to KindlyMD, a healthcare company led by Bitcoin Magazine CEO David Bailey.
*This is not investment advice.
