Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company Canaan Inc. disclosed that on January 14, it received a written notice from Nasdaq, indicating that the company violated Nasdaq Listing Rule 5550(a)(2), as its American Depositary Shares (ADS) closed at less than $1.00 per share for 30 consecutive trading days. According to the notice, Canaan 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. (PRNewswire)
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