Canaan Inc (NASDAQ:CAN) Faces Nasdaq Compliance Risk as Shares Fall Below $1
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Benzinga
- Compliance Warning: Canaan Inc received a notice from Nasdaq stating its American depositary shares have closed below $1.00 for 30 consecutive trading days, violating Listing Rule 5550(a)(2), requiring compliance restoration within 180 days until July 13, 2026.
- Stock Performance: As of Friday, Canaan shares fell 3.66% to $0.79, reflecting market concerns over compliance risks, which may impact investor confidence and future financing capabilities.
- Performance Highlights: Despite compliance issues, Canaan reported a 61% year-over-year increase in operating hashrate and an 82% rise in installed hashrate for 2025, with a digital asset treasury of 1,750 BTC and 3,951 ETH, showcasing a strong business foundation.
- Long-term Strategy: The company highlighted a record 250 MW of installed capacity and plans to continue its Bitcoin mining strategy despite market volatility, aiming to maintain competitiveness in the future market.
Analyst Views on CAN
Wall Street analysts forecast CAN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAN is 2.77 USD with a low forecast of 1.75 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.820
Low
1.75
Averages
2.77
High
4.00
Current: 0.820
Low
1.75
Averages
2.77
High
4.00
About CAN
Canaan Inc. provides high performance computing solutions through its proprietary application-specific integrated circuits (ASICs). The Company is a fabless IC designer engaged in the front-end and back-end of IC design. The Company primarily offers its technology and expertise in ASIC applications to Bitcoin mining machines and is also a producer of Bitcoin mining machines in the global market. The Company, through its subsidiaries, independently designs and develops its products in-house, including the design of proprietary ASIC chips for its Bitcoin mining machines. It has in-house production capabilities to assemble both Bitcoin mining machines and artificial intelligence (AI) chips. It assembles its Bitcoin mining machines primarily at its assembly plant located in the People’s Republic of China (PRC) by integrating the ICs designed by the Company and related components it procures. It also intends to engage in Bitcoin mining through self-owned facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
