According to a ChainCatcher report citing PRNewswire, Nasdaq-listed Bitcoin mining company Canaan Inc. disclosed that it received a written notice from Nasdaq on January 14, stating that the company has violated Nasdaq Listing Rule 5550(a)(2). The notice indicated that the closing price of its American Depositary Shares (ADS) had remained below $1.00 per share for 30 consecutive trading days. As required by the notice, Canaan Inc. must raise the closing price of its ADS above $1.00 and maintain it for at least 10 consecutive trading days before July 13, 2026, to avoid delisting.
Nasdaq Sends Written Notice to Bitcoin Miner Canaan Inc. for Violating Listing Rules
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Summary
Nasdaq has issued a written notice to Bitcoin miner Canaan Inc. for violating listing rules. The company's American Depositary Shares (ADSs) closed below $1.00 for 30 consecutive days. To avoid delisting, Canaan must raise the share price above $1.00 and maintain it for at least 10 consecutive days by July 13, 2026. Bitcoin-related news continues to attract attention as the sector faces regulatory and market challenges. Traders are also closely watching altcoins amid shifting investor sentiment.
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