Bitcoin mining company Cango hits the NYSE delisting threshold

TechubNews · 2026-04-02T01:23:49+00:00

The New York Stock Exchange has issued a compliance warning to Bitcoin mining company Cango, due to its Class A shares having an average closing price below $1.00 for 30 consecutive trading days. Cango will be granted a 6-month remediation period; if the stock price recovers during this time, it can regain compliance; otherwise, it will face suspension and delisting.

TechubNews

2026-04-02 01:23:49

Abstract generation in progress

Techub News alert: The New York Stock Exchange (NYSE) has issued a compliance warning letter to the Bitcoin mining company Cango. Pursuant to NYSE Rule 802.01C, because as of March 9, 2026, the company’s Class A common stock has had an average closing price of less than $1.00 per share over 30 consecutive trading days, a price warning for continued listing has been officially triggered. Under the regulatory process, Cango will receive a 6-month grace period to make corrective improvements. If, during this period, the company’s share price can rise back to above $1.00 through market fluctuations or other measures such as mergers, such that the average closing price over the last trading day of any natural month and the 30 trading days prior to it is restored to more than $1.00, then it can regain compliance. If the deadline is reached and the requirement is still not met, the NYSE will initiate trading halt and delisting procedures.

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