2026-01-17 01:23:16

Bitmain Technologies, the leading company in Bitcoin mining machines, has recently encountered some issues. Nasdaq has issued a final warning — the company must maintain its stock price above $1 for 10 consecutive trading days before July this year, or face delisting.

The current situation is somewhat awkward. Canaan's stock price hovers around $0.79, still a ways off from the target. There was a bright spot in October last year when the company announced a large order of 50,000 Avalon A15 Pro mining machines, which temporarily boosted the stock price, but this momentum did not continue.

Even more concerning is that institutional investors have started to vote with their feet. As the largest institutional shareholder, Streeterville Capital directly liquidated its holdings in December, selling approximately $439 million worth of shares. This move signals several issues — major players are beginning to withdraw, while retail investors remain on the sidelines.

For industry practitioners, this is not just a problem for Canaan but also reflects the pressure faced by the entire mining machine manufacturing sector. Whether the stock price can rebound within the specified timeframe has become a sword hanging over their heads.

BTC0,24%

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SolidityNewbie

· 13h ago

This time I really can't hold it anymore. The signals of big institutions fleeing are so obvious, don't you understand? --- Streeterville Capital directly liquidated 439 million, isn't this just saying "Goodbye then"? --- Honestly, the line between $0.79 and $1 feels a bit too tense. --- The leading mining machine manufacturer is in such a state, this wave in the crypto circle is really not looking good. --- Can't even save 50,000 units with a big order? Then the problem is indeed serious. --- Institutions are fleeing while retail investors are still sleepwalking. I've seen this script too many times. --- Can it turn around before July? I bet it can't. --- The entire mining industry is squeezing out the excess, Canaan is just a microcosm.

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VirtualRichDream

· 13h ago

All the big institutions have left, this is the most heartbreaking signal—are retail investors taking over? Dream on.

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MrRightClick

· 13h ago

Large institutions directly ran away with $439 million, this signal is very clear --- Even the leading mining machine companies are like this, small miners' days are even harder --- From 0.79 to 1 dollar, can it double in seven months? I think it's uncertain --- Streeterville Capital's liquidation shows everything, don't bother dreaming --- The entire mining industry is bursting the bubble, Canaan is just the first to be exposed --- Are retail investors still taking the bait? Wake up, brothers --- The Bitcoin mining industry has reached its ceiling, right

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MetaverseLandlord

· 13h ago

Large institutions have run away, retail investors are still holding the bag... This is the current situation. Institutions cleared $439 million in one night, what does that indicate? Canaan is probably going to cool off this time. Can they turn things around before July? Honestly, the entire mining hardware industry is struggling, not just Canaan. The stock price is $0.79... Is it really that hard to reach $1?

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