Nasdaq Issues Delisting Notice to Bitcoin Miner Canaan Technology

Odaily News: Nasdaq-listed Bitcoin mining company Canaan Technology disclosed that it received a written notice from Nasdaq on January 14, stating that the company violated Nasdaq Listing Rule 5550(a)(2) as the closing price of its American Depositary Shares (ADS) remained below $1.00 per share for 30 consecutive trading days. According to the notice requirements, Canaan Technology must raise the closing price of its ADS above $1 and maintain it for 10 consecutive trading days by July 13, 2026, to avoid delisting. (PRNewswire)