Nasdaq Warns Bitcoin Hardware Maker Canaan About Delisting
Nasdaq has issued a warning to Bitcoin hardware manufacturer Canaan regarding a potential delisting from the stock exchange. The warning stems from Canaan's failure to maintain the minimum bid price requirement of $1 per share for a consecutive period of 30 days. The company has until December 4, 2023, to regain compliance or face delisting. Canaan has indicated plans to address the issue, but the situation highlights ongoing challenges in the cryptocurrency market.
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