Bitcoin mining company stock warning: Facing Nasdaq delisting pressure

2026-01-16 14:22:14

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【Blockchain Rhythm】Bitmain Technologies, a Bitcoin mining company, recently received a written notice from NASDAQ — the situation is a bit tense. The reason is that its American Depositary Shares (ADS) have closed below the $1 mark for 30 consecutive trading days, which violates NASDAQ Listing Rule 5550(a)(2).

What’s next? The company must bring the ADS closing price back above $1 before July 13, 2026, and maintain it for 10 consecutive trading days to pass the requirement. Otherwise, it faces the risk of delisting.

This also serves as a warning for the Bitcoin mining industry. As key players in the sector, the stock performance and compliance status of mining companies directly reflect market perceptions of the mining industry. Under the pressures of Bitcoin price fluctuations, electricity costs, and other factors, the survival space for mining companies is being squeezed. This warning from Canaan Creative may prompt the entire industry to reassess cost structures and profit models.

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DefiPlaybook

· 7h ago

According to data, breaking the $1 mark for 30 consecutive trading days actually reflects a systemic deterioration in miners' profitability. It is worth noting the underlying cost pressures—electricity costs typically account for 40-60%, and Bitcoin price fluctuations directly erode profit margins.

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FlatTax

· 7h ago

Canaan is really about to be restricted. The $1 threshold is not too low or too high; the key is to maintain it for 10 consecutive trading days... This is not an easy feat.

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