The cryptocurrency mining equipment manufacturer Canaan is at risk of having its shares delisted from the Nasdaq due to a prolonged decline in their value. Over the past 30 trading days, the company’s securities have traded below the threshold level of $1, which violates the exchange’s requirements.
This is reported by Business • Media
Reasons for Possible Delisting and Company’s Next Steps
At the end of the calendar year, Canaan’s stock prices have decreased by nearly 59%. The main reasons for this decline include significant volatility in the cryptocurrency market and a substantial reduction in miners’ profits. The last time the company’s stock price exceeded $1 was in mid-November 2025. At the time of writing this news, the price has dropped to $0.78.
If the situation does not change, Nasdaq has the right to delist Canaan’s securities from its trading list after July 13, 2026. To maintain its listing, the shares must trade above $1 for at least 10 consecutive trading days.
Possible Solutions and Financial Indicators
Among the options available to the company is a reverse stock split, which allows for a reduction in the number of outstanding shares and an increase in their nominal value. Thus, Canaan plans to make every effort to remain listed on Nasdaq.
The release states that Canaan intends to take all “reasonable measures” to preserve its listing on Nasdaq.
Despite the challenging situation with its stock prices, the company continues to attract capital. In particular, in December 2025, Canaan successfully completed a $72 million investment round to develop its bitcoin mining infrastructure. The results for the fourth quarter of 2025 have not yet been released, but the expected revenue, according to the company’s own forecasts, will range from $175 million to $205 million.
In the third quarter of 2025, Canaan reported a net loss of $27.7 million, although its revenue exceeded expectations by 50.2%.
