Canaan disclosed it received a Nasdaq deficiency notice on Jan. 14, 2026, after its American depositary shares traded below $1.00 for 30 consecutive business days.
The notice was issued under Nasdaq Listing Rule 5550(a)(2), which sets the minimum bid price requirement for continued listing.
Canaan said the notification has no immediate impact on the trading of its shares, which remain listed on the Nasdaq Global Market under the symbol CAN.
The company has until July 13, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days.
Nasdaq rules allow Canaan to apply for an additional 180-day compliance extension if it meets eligibility requirements and submits a formal request.
To qualify for an extension, the company may need to transfer its listing to the Nasdaq Capital Market and pay a $5,000 application fee.
Canaan said it would consider all reasonable options to cure the deficiency, including a potential reverse stock split if required.
The company said it is closely monitoring its share price while working to maintain its Nasdaq listing.
The disclosure follows a period of operational growth, with Canaan reporting a 61% year-on-year increase in operating hashrate in December 2025.
Canaan said it remains focused on its long-term Bitcoin mining strategy and ASIC chip development despite market volatility.
At the time of reporting, Bitcoin price was $89,479.76.