🚨 Breaking News – Special Report – Urgent Market Update 🚨
New York City — 10:58 PM EST
Canaan Inc., one of the world’s leading ASIC Bitcoin‑mining hardware manufacturers, has just been hit with a formal Nasdaq delisting warning after its stock remained below the required $1 bid price for 30 consecutive trading days, placing the company at risk of being removed from the exchange 🌐⚠️.
According to multiple regulatory disclosures, Canaan now has 180 days — until July 13, 2026 — to lift its closing bid back above $1 for at least 10 straight sessions, with shares currently trading around $0.79, down more than 60% over the past year. [invezz.com], [cointelegraph.com]
Nasdaq stated that the notice does not immediately affect trading, but failure to recover could push Canaan into over‑the‑counter markets, where liquidity and investor accessibility typically suffer 📉.
The company has indicated it may consider a reverse stock split if market conditions do not naturally restore the bid price — a move commonly used by firms seeking to regain compliance with exchange listing rules, though it does not alter underlying valuation 🔧📊. [invezz.com], [coincentral.com]
The warning comes as crypto‑mining hardware demand remains under pressure, with many mining firms shifting toward AI‑focused computation markets.
Despite this, Canaan recently secured a notable order of 50,000 Avalon A15 Pro rigs, its largest in over three years, though that momentum wasn’t enough to lift the stock back above the $1 threshold 📦⚡. [cointelegraph.com]
#CanaanInc #NasdaqDelisting #CryptoMiningHardware #BreakingCryptoNews 🚨📉💼🔧