Canaan, a provider of high-performance computing solutions and crypto mining hardware, has received a deficiency notice from Nasdaq after its American depositary shares (ADSs) traded below $1.00 for 30 consecutive business days. The notice, issued on January 14, 2026, highlights a breach of Nasdaq Listing Rule 5550(a)(2). Despite this, Canaan's shares will continue trading under the symbol "CAN," and the company has until July 13, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days. If Canaan fails to meet the July deadline, Nasdaq rules allow for a 180-day extension, provided the company submits a transfer application and a $5,000 fee, and meets other listing standards. Canaan's management is monitoring the situation closely and is prepared to take necessary actions, including a potential reverse stock split, to maintain its Nasdaq listing. This development follows Canaan's report of a 61% year-over-year increase in operating hashrate for December 2025, as the company continues to focus on its Bitcoin mining strategy and ASIC chip innovation.