The cryptocurrency mining equipment manufacturer Canaan is facing the risk of delisting its shares from the Nasdaq exchange due to a prolonged decline in their value. Over the past 30 trading days, the company’s shares have traded below $1, which is contrary to the exchange’s requirements.
This is reported by Finway
Reasons for Decline and Stock Dynamics
The last time Canaan’s securities exceeded the $1 mark was in mid-November 2025. As of January 2026, their value has dropped to $0.78. According to TradingView, over the past year, the stock price has fallen by nearly 59%. The main reasons for the decline include high volatility in the cryptocurrency market and a decrease in miners’ revenues.
Possible Company Actions and Prospects
According to Nasdaq requirements, the company must raise its stock price above $1 and maintain it at that level for at least 10 consecutive trading days by July 13, 2026. If this condition is not met, the exchange may delist Canaan’s shares. Among the possible solutions is a reverse stock split, which would increase their nominal value while reducing the total number of securities in circulation.
The release states that Canaan intends to take all “reasonable measures” to maintain its listing on Nasdaq.
Despite the challenging situation, the company is actively working on raising capital. In December 2025, Canaan conducted a funding round of $72 million for the development of Bitcoin mining infrastructure. The results for the fourth quarter of 2025 have not yet been disclosed, but the company expects revenue in the range of $175–205 million. For the third quarter, Canaan reported a net loss of $27.7 million, although revenue exceeded previous forecasts by 50.2%.