Canaan on the Verge of Nasdaq Delisting
The Bitcoin mining hardware giant, Canaan, has been issued a stern warning by Nasdaq. The company needs to raise its share price above $1 for at least 10 consecutive days by July 2026 to avoid being delisted. Trading under the ticker CAN, Canaan’s shares were priced at $0.79 at the time of this writing, leaving the company on shaky ground.
A Brief Glimpse of Hope Amid Struggles
In October 2025, Canaan experienced a brief surge in its stock price after announcing a staggering order for 50,000 Avalon A15 Pro mining rigs. Hailed as the largest order for the company in three years, the news temporarily lifted its stock by 25%. According to Nangeng Zhang, CEO and Chairman of Canaan, this achievement showcased the strength of their flagship product and reinforced the company’s commitment to serving global markets, especially the U.S.
Major Setbacks: Institutional Investor Exit
Optimism around Canaan didn’t last long, as its largest institutional investor, Streeterville Capital, exited its entire $439 million position by mid-December 2025. This move came as a major blow for the Singapore-based hardware manufacturer.
Can Canaan Make a Comeback?
Firms facing Nasdaq compliance issues often employ a reverse stock split to artificially increase share prices. This involves reducing the number of outstanding shares while proportionally boosting their price. It is uncertain whether Canaan will adopt this approach or explore alternative strategies to stabilize its position.
The Future of Bitcoin Mining Hardware
Canaan’s flagship Avalon A15 Pro highlights its dedication to advancing bitcoin mining hardware. For mining enthusiasts, this product boasts cutting-edge features for optimal performance. Discover the Avalon A15 Pro here.
Additionally, the broader cryptocurrency mining and blockchain sectors serve as critical indicators for hardware manufacturers like Canaan. As market conditions continue to fluctuate, companies must remain agile in adapting to industry trends.
Other Firms Facing Nasdaq Pressures
Canaan isn’t alone in its battle. Bitcoin treasury company, Kindly MD, received a similar delisting notice recently, with a deadline to raise its share price above $1 by June 2026. This trend reflects growing pressure on cryptocurrency-related firms to maintain compliance amid volatile market conditions.
Final Thoughts
The coming months will be critical for Canaan as it navigates the challenging path to compliance. Industry stakeholders and investors alike will closely watch its next moves. For cryptocurrency miners and enthusiasts, supporting reliable products like the Avalon A15 Pro can be an excellent way to stay ahead in this fast-evolving market.
