Canaan Inc. Triumphs with Regained Compliance on Nasdaq's Minimum Bid Price Requirement

Canaan Inc. (NASDAQ: CAN), recognized for its innovative contributions to the crypto mining sector, has marked a significant milestone by regaining compliance with Nasdaq's minimum bid price requirements. On October 15, 2025, the Nasdaq Stock Market confirmed that the company's American depositary shares (ADSs) had maintained a closing bid price of $1.00 or more for ten consecutive business days, fulfilling the Nasdaq Listing Rule 5450(a)(1).

This compliance announcement reverberates positively within the financial landscape, underscoring investors' growing confidence in Canaan's future prospects. According to Nangeng Zhang, the company's chairman and CEO, this success reinforces the strategic vision that Canaan is building for its upcoming years, demonstrating agility in a market marked by global uncertainties. The latest development also reflects the company's effective execution of its operational strategies and innovation capabilities even amid challenges, such as fluctuating bitcoin prices and trade policy instabilities.

Canaan's strategy has evolved notably, highlighted by a landmark order for more than 50,000 Avalon® A15 Pro bitcoin miners. This large-scale order signifies the company's growing influence in the industry and is aimed at reinforcing its market position. In addition to hardware advancements, Canaan has also embarked on a unique 'Gas-to-Computing' initiative that aims to convert flared natural gas into affordable power for high-density computing in Alberta, Canada. This initiative not only enhances the company's operational efficiency but also aligns with contemporary sustainability goals, showcasing Canaan's commitment to eco-friendly practices.

Moreover, Canaan's strategic partnership with Soluna for the deployment of 20 megawatts of next-generation Avalon miners highlights its proactive steps towards enhancing its technological base and expanding its international reach. By investing in these innovative projects, Canaan is poised not only to consolidate its competitive edge but also to contribute to the broader bitcoin ecosystem's growth.

Founded in 2013, Canaan has built a reputation as a leader in ASIC high-performance computing. The company pioneered the launch of the world's first ASIC technology-based mining machines, establishing the Avalon brand. With a commitment to continuous improvement and innovation, Canaan completed its public offering on the Nasdaq Global Market in 2019, becoming a significant player in the financial technology sector.

Despite the volatile nature of the cryptocurrency market, Canaan's strategic moves and resilient operating model have positioned the company for long-term success. Investors can look forward to Canaan continuing to deliver value through innovation and sustainable practice as it adapts to the evolving landscape of crypto mining and blockchain technologies.

As Canaan Inc. takes significant steps toward securing its future in the crypto landscape, the company remains focused on further consolidating its relationships with partners and customers, understanding market demands, and investing in advanced technologies. It will be crucial for stakeholders to stay informed and engaged as Canaan continues its journey of transformation and achievement in the captivating world of cryptocurrency mining.