The high-performance computing solutions and crypto mining hardware provider, Canaan, announced on Jan. recently disclosed it had received a formal deficiency notice from the Nasdaq Stock Market LLC. The notification, received on Jan. 14, 2026, was issued in s accordance with Nasdaq’s regulatory oversight after the company’s American depositary shares (ADSs) closed below the US$1.00 minimum bid price for 30 consecutive business days.

While the notice signals a breach of Nasdaq Listing Rule 5550(a)(2), Canaan emphasized that its disclosure and subsequent response are fully aligned with the exchange’s governance protocols. Specifically, this public announcement was made to satisfy Nasdaq Listing Rule 5810(b), which mandates that listed companies promptly disclose any receipt of a deficiency notification to the investing public.

According to a media statement, the notice has no immediate effect on the listing or trading of Canaan’s ADSs, which will continue to trade on the Nasdaq Global Market under the symbol “CAN.” However, Canaan has been granted until July 13, 2026, to regain compliance.

To meet the listing standard, the company’s ADSs must maintain a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days before the July deadline.

However, should the company require more time, Nasdaq rules provide a structured pathway for an additional 180-calendar-day extension. To qualify for this second window, Canaan would be required to submit a formal transfer application along with a US$5,000 application fee.

In addition to meeting all other initial listing standards for the Nasdaq Capital Market, Canaan must provide a written intent to cure the deficiency, which may include implementing a reverse stock split if necessary.

Canaan’s management stated they intend to monitor the bid price closely and explore “all reasonable measures” to protect the company’s listing status. This announcement comes on the heels of the company reporting significant operational growth, including a 61% year-over-year increase in operating hashrate for December 2025.

The company remains focused on its long-term Bitcoin mining strategy and ASIC chip innovation while navigating the current market volatility to ensure it remains a compliant, listed entity on the Nasdaq exchange.

• Why did Canaan receive a Nasdaq deficiency notice? Canaan’s ADSs traded below the US$1.00 minimum bid price for 30 consecutive business days.
• Does the notice affect Canaan’s Nasdaq listing now? No, Canaan’s ADSs continue trading on the Nasdaq Global Market under the symbol “CAN.”
• How long does Canaan have to regain compliance? The company has until July 13, 2026, to maintain a US$1.00 bid price for 10 consecutive days.
• What options exist if compliance isn’t met by July? Nasdaq rules allow a 180‑day extension with a transfer application, fee, and possible reverse stock split.

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