2026-01-17 15:26:10

Canaan Inc., the Singapore-based Bitcoin mining hardware manufacturer, has triggered a Nasdaq compliance warning after its stock price dipped below $1 for 30 consecutive trading days. The company now faces potential delisting if it fails to meet the exchange's minimum bid price requirements. This marks a critical juncture for the mining equipment sector, reflecting broader headwinds in hardware manufacturers as the industry grapples with energy costs and competitive pressures in the current market cycle.

BTC-4,85%

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ser_we_are_early

· 01-20 15:23

If Kan'an actually delists this time, the days will be really tough for mining machine manufacturers.

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GasOptimizer

· 01-20 09:26

Canaan is finished? No, to be more precise, the hardware manufacturer's inefficient business model has been fully understood by the market. Dropped below $1 in 30 days—this data is so ironic, energy costs eat up the gross profit, competition drives down prices, and in the end, this is the result.

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MEVictim

· 01-20 08:49

The hardware for computing power still depends on whether it can withstand the pressure in the future. Canaan's current situation is indeed a bit uncertain.

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BottomMisser