Canaan Faces Nasdaq Deadline After Stock Dips Below $1

Crypto News Cryptocurrencies

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 19, 2026

Key Takeaways

Nasdaq warned Canaan that its stock could be delisted if it fails to raise its share price above $1 within 180 days;
Canaan may consider a reverse stock split to meet Nasdaq’s listing requirements before the July 13 deadline;
The company’s stock has dropped about 63% in the past year, which has increased pressure to regain compliance.

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Canaan Faces Nasdaq Deadline After Stock Dips Below $1

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Canaan Inc., a company that makes crypto-mining hardware, has been warned by Nasdaq that it could be delisted if its stock price does not rise within the next six months.

The company said on January 16 that Nasdaq sent a notice earlier in the week stating that Canaan’s shares had remained below $1 for 30 consecutive business days.

This meant the company was no longer in compliance with Nasdaq’s listing rules.

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Nasdaq has given Canaan 180 days, until July 13, to fix the issue. To meet the requirement, the company’s stock must close at $1 or higher for at least 10 consecutive trading days.

Canaan said that if its share price does not recover by that date, it might ask for more time. Nasdaq could grant an extension, depending on the situation.

The company also said it may consider a reverse stock split if needed. That decision would reduce the number of its outstanding shares to lift the value of each remaining one.

If Canaan still fails to meet the requirement, Nasdaq could remove the company from the exchange. In that case, its stock would likely move to the over-the-counter market, where trading is usually more limited, and prices can drop further.

Over the past year, Canaan’s stock has already fallen about 63%, which adds pressure on the company to take action before the deadline.

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