Canaan faces potential Nasdaq delisting if share price stays below $1 into July 2026

Crypto mining hardware maker Canaan Inc. disclosed on Friday that it received a Nasdaq notice on Wednesday after its shares traded below $1 for 30 consecutive business days. The firm has until July 13 to lift its closing bid to at least $1 for a minimum of 10 straight trading sessions or risk being removed from the exchange, with a possible extension involving a reverse stock split.