#binance #hype #zec #near
19/01/26 17:51 UTC-04

Nasdaq Threatens to Delist Another Crypto Company

Cryptocurrency mining equipment manufacturer Canaan has received a delisting warning from Nasdaq. This is the second crypto company to receive such a notice from the stock exchange over the past two months.

The warning was issued after the manufacturer’s shares traded below $1 for 30 consecutive business days. This violates the exchange’s minimum bid price requirement, which stipulates that the closing price must be at least $1 per share for ten trading days.

Nasdaq has given Canaan 180 days — until July 13 — to bring the situation into compliance with the requirements.

The mining equipment maker’s shares last traded above $1 on November 28, 2025. Last Friday, January 16, 2026, they closed at $0.7888.

Over the past year, Canaan’s shares have fallen by 60.76% amid declining demand for cryptocurrency mining equipment. Recently, many miners have been shifting toward providing computing power for AI projects instead of mining cryptocurrencies.

The company stated that if it fails to meet Nasdaq’s requirements by July 13, it will likely request an extension and carry out a reverse stock split. A reverse split reduces the number of shares outstanding and increases their price.

Canaan is the second crypto company to receive a Nasdaq warning in the past two months. The first was bitcoin treasury firm Kindly MD, which received a notice from the exchange in December 2025.

See also: "Binance to Delist Trading Pairs with 20 Altcoins"

#Mining #Nasdaq #Canaan

Editor: Alyona Nabok
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