Mining machine giant faces compliance crisis: stock price falls below $1, must stabilize within 180 days or face delisting

RumbleValidator · 2026-01-16T15:12:09+00:00

Mining hardware manufacturer Canaan Inc. was warned by NASDAQ for having its stock price below $1 for 30 consecutive trading days and was granted a 180-day grace period. If the stock price can rise above $1 for 10 consecutive trading days during this period, it can avoid delisting. This event has sparked market concern about the prospects of the mining hardware industry.

RumbleValidator

2026-01-16 15:12:09

Abstract generation in progress

【Chain Wen】Mining hardware manufacturer Canaan Inc. (Nasdaq: CAN) recently received a notice. Nasdaq stated that their ADS has closed below $1 for 30 consecutive trading days, which violates the minimum bid price requirement. It sounds serious, but the company still has a chance. Nasdaq has granted a 180-day grace period, until July 13, 2026. During this time, as long as the stock price can stay above $1 for 10 consecutive trading days, it can regain compliance and continue trading on the exchange.

The problem is, if they fail to meet this goal and do not propose a credible remedial plan, delisting will be inevitable. For the mining hardware industry, this is a matter worth paying attention to. After all, as a leading manufacturer, the persistent low stock price itself reflects the market's attitude towards this sector. Now, it remains to be seen whether they can turn the situation around within these 180 days.

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PoolJumper

· 2h ago

180-day rescue period, Jiannian is really quite difficult

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RuntimeError

· 01-16 15:39

Can you turn things around in 180 days? Well... it depends on whether BTC can have another bull run, otherwise even the strongest hardware manufacturers are just wasting their time.

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ClassicDumpster

· 01-16 15:38

Canaan is already like this, the mining machine industry really needs to reflect and reconsider.

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zkProofGremlin