Nasdaq has notified the cryptocurrency mining company Canaan Inc. of its non-compliance with listing price requirements.
Over the past 30 days, the firm’s shares, trading under the ticker CAN, have fallen below the minimum threshold of $1. At the time of writing, the miner’s stock is valued at approximately $0.79.
According to the press release, Canaan has until July 13 to rectify the situation, with shares needing to remain above $1 for ten consecutive trading days.
If the company fails to meet the requirements, the exchange may extend the deadline upon request with additional conditions.
“The Nasdaq notification does not immediately affect the listing or trading of Canaan’s securities,” company representatives clarified.
Companies facing similar issues often resort to reverse stock splits to boost their share price. This strategy involves reducing the number of outstanding shares while proportionally increasing their price.
Canaan is not the only company to receive a warning letter from Nasdaq. In December 2025, the DAT firm Kindly MD reported a similar issue.
In October, Canaan introduced an eco-friendly mining solution. Following the announcement, the company’s shares surged by 40%.