Nasdaq Warned Canaan About the Risk of Its Shares Being Delisted

• Canaan shares could be delisted from the Nasdaq.
• They have traded below $1 for 30 consecutive trading days.
• The company could fix this through a reverse stock split.

Mining hardware manufacturer Canaan received a notice from the Nasdaq about a potential delisting of the company’s shares due to their low price. The firm has until July 2026 to remedy the situation. 

According to the Nasdaq notice, Canaan shares traded below the $1 threshold for 30 consecutive trading days. This violates the exchange’s rules. 

The company’s securities last traded above $1 in mid-November 2025. At the time of writing, the price had fallen to $0.78. 

CAN share price on the Nasdaq. Source: TradingView. 

Over the past calendar year, the stock is down nearly 59%. This is driven by a number of factors, including volatility in the crypto market and declining miner revenues. 

The company must resolve the issue by July 13, 2026, otherwise the exchange will proceed with a delisting. This can be avoided if the shares trade above $1 for 10 consecutive days. 

The release says that Canaan intends to take all “reasonable measures” to maintain its Nasdaq listing. One possible option is a reverse stock split. 

Under this approach, the company reduces the number of shares outstanding while increasing their par value. At the same time, the firm continues to raise capital. 

The latest round, worth $72 million, took place in December 2025. The firm has not yet disclosed its results for the fourth quarter of 2025, but it expects revenue of $175 million to $205 million. 

In the third quarter, the company posted a net loss of $27.7 million. At the same time, its revenue came in 50.2% above expectations.