Nasdaq issued a written notice to Bitcoin mining company Canaan Creative, stating that it violated listing rules

According to PRNewswire, Nasdaq-listed Bitcoin mining company Canaan Inc. disclosed that it received a written notice from Nasdaq on January 14, indicating that the company violated Nasdaq listing rule 5550(a)(2), as its American Depositary Shares (ADS) closed below $1.00 per share for 30 consecutive trading days. According to the notice, Canaan Inc. must raise the closing price of its ADS above $1.00 and maintain it for 10 consecutive trading days before July 13, 2026, to avoid delisting.