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Mining company Canaan Inc. receives initial compliance warning notification from NASDAQ
Mars Finance News, on January 16, according to PR Newswire, U.S.-listed Bitcoin mining company Canaan Inc. disclosed that on January 14, it received a written notice from NASDAQ, which stated that the company violated NASDAQ Listing Rule 5550(a)(2), as its American Depositary Shares (ADS) closed below $1.00 for 30 consecutive trading days. According to the notice, Canaan Inc. must raise the closing price of its ADS to above $1.00 and maintain it for at least 10 consecutive trading days by July 13, 2026, to avoid delisting.