On January 16, the Associated Press reported that U.S.-listed Bitcoin mining firm Canaan Inc. received a written notice from Nasdaq on January 14, stating the company is in violation of Nasdaq Listing Rule 5550(a)(2). The violation stems from its American Depositary Shares (ADS) closing below $1.00 per share for 30 consecutive trading days. Per the notice, Canaan must lift its ADS closing price above $1.00 and maintain that level for 10 consecutive trading days by July 13, 2026, to avoid delisting.
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