Canaan Inc. Facing Nasdaq Listing Challenge Due to Low Share Prices Translation: Canaan Inc. Facing Nasdaq Listing Challenge Due to Low Share Prices

The Nasdaq exchange has notified Canaan Inc., a cryptocurrency mining company, about its failure to meet the listing price requirements.

Over the past 30 days, the company’s shares under the ticker CAN have been trading below the minimum threshold of $1. As of the time of writing, the miner’s stock is priced at approximately $0.79.

According to a press release, Canaan has until July 13 to rectify this situation—its shares need to remain above $1 for ten consecutive trading days.

Should the company fail to comply, the exchange may grant an extension upon request, with additional stipulations.

«The Nasdaq notification does not have an immediate impact on Canaan’s listing or the trading of its securities,» representatives of the company clarified.

Organizations facing similar issues often utilize a reverse stock split to boost their share prices. This strategy involves reducing the number of shares in circulation while proportionally increasing the price.

Canaan is not the only company to receive a warning letter from Nasdaq. In December 2025, the digital assets treasury firm Kindly MD reported a similar issue.

Recall that in October, Canaan introduced an eco-friendly mining solution, which led to a 40% surge in the company’s stock price following the announcement.