2026-01-16 15:27:55

Bitcoin mining company Canaan Creative recently received a written notice from NASDAQ — this is a serious matter. According to the notice, Canaan Creative's American Depositary Shares (ADS) have closed below $1 for 30 consecutive trading days, triggering a violation of NASDAQ Listing Rule 5550(a)(2).

In simple terms, the stock price is too low. According to NASDAQ's requirements, Canaan Creative must bring its ADS closing price back above $1 before July 13, 2026, and maintain it for 10 consecutive trading days to retain its listing qualification. If it fails to do so, it faces the risk of delisting.

What does this mean for mining companies? Low stock prices themselves reflect market concerns about their prospects. Whether they can restore their stock price within the specified time directly determines whether the company can continue to raise funds and operate on the U.S. stock market. This will also impact the overall financing environment for the Bitcoin mining industry.

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SorryRugPulled

· 9h ago

Canaan is about to go under; the stock price can't even hold at one dollar... --- Another mining company about to be delisted? This market is really out of fashion --- Can't even hold the $1 bottom line, it says everything you need to know --- The mining industry's financing environment is so bad, no wonder no one dares to enter --- Looks like we have to rely on crypto trading to save the stock price haha --- With just over a year left, can Canaan make a comeback? I’m not optimistic --- The delisting wave in the US stock market is here, mining companies one after another

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P2ENotWorking

· 10h ago

Canaan is really about to be exposed, can't even hold $1? Changing the stock price in a year and a half... that's quite difficult, hard to say. Mining companies are finding it increasingly difficult, this wave might have some impact on the financing circle. If delisting really happens, it will be even more embarrassing, need to act quickly. With the stock price like this, it shows that the market is not optimistic about the mining industry, and money is flowing elsewhere.

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GateUser-0717ab66

· 10h ago

Canaan is heading for a downturn, can't the stock price be saved even if it drops below $1? Mining companies are indeed having a tough time, the financing environment can't really hold up if it continues like this. Can they survive until 2026? That sounds very stressful. The current bear market has indeed dealt a heavy blow to mining companies... It feels like the tolerance for the mining industry in the US stock market is getting lower and lower, it's uncomfortable. If the stock price continues like this, why even stay on Nasdaq? The market has lost confidence, and funds are flowing elsewhere. Is it really possible to recover in a year and a half? The problem of financing difficulties in the mining industry is finally about to explode. This will affect the entire ecosystem's financing, a chain reaction.

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TokenomicsShaman

· 10h ago

Canaan is about to cool down, the stock price has fallen so much, do they still want to turn things around? --- Another mining company is falling behind, the market is really doing a crazy screening. --- Breaking the $1 pressure line is easy to break, this is the real survival test. --- They need to pull it back before July next year? Unless BTC has another crazy rally, it's basically hopeless. --- Mining companies' financing environment is worsening, retail investors need to be more cautious. --- Why is it always these listed mining companies that can't be managed? The market has already sentenced them to death. --- The risk of delisting is so high, yet no one is stepping in to save the scene, indicating that capital is also not optimistic. --- US stock mining companies are falling into trouble one after another, this cycle is quite harsh.

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