The Nasdaq exchange has notified cryptocurrency mining company Canaan Inc. of its failure to meet listing price requirements.
Over the past 30 days, shares of the firm, trading under the ticker CAN, have been below the minimum threshold of $1. As of this writing, the miner's stock is priced at approximately $0.79.
Source: MarketWatch.According to the press release, Canaan has until July 13 to restore compliance—its shares must remain above $1 for ten consecutive trading days.
If the company fails to meet these requirements, the exchange may grant an extension upon request with additional conditions.
"The Nasdaq notification does not immediately affect the listing or trading of Canaan's securities," representatives of the company clarified.
Companies facing similar issues typically employ a reverse stock split to boost their share price. This strategy involves reducing the number of outstanding shares while proportionally increasing the price.
Canaan is not the only company to receive a warning letter from Nasdaq. In December 2025, DAT firm Kindly MD reported a similar issue.
Recall that in October, Canaan introduced an eco-friendly mining solution, which led to a 40% surge in the company's stock.