Nasdaq Status, Investor Sentiment, and the CAN Narrative: How Public Signals Shape Mining Opinions

Public signals are reshaping opinions around bitcoin miners like Canaan Inc as Nasdaq status looms and October-seasonality fuels chatter. Mixed views swirl around CAN, driven by big orders, BTC dynamics, and quarterly quirks.

Nasdaq status & October signals — Canaan Inc is navigating Nasdaq's $1 share-price rule, with a 3/10-day window left to stay compliant. October-to-January seasonality often ties to BTC moves, keeping traders alert. A fresh driver is a 50,000-unit order for Avalon pro mining rigs worth about $150 million, expected to lift Q4 2025 revenue ^[1]. They mine around 80-90 BTC per month ^[1].

Operational narratives & BTC stance — CAN reportedly holds ~1,500 BTC and mines around ~100 BTC per month, underscoring a leverage on both mining and held-btc value ^[2]. The company has signaled a shift away from AI HPC plans for now, focusing on mining equipment and BTC production ^[2].

Market sentiment & risks — The chatter includes bullish bets on the big rig order and Nasdaq-drive upside, alongside skepticism about governance and market drama. A few voices even labeled the stock a scam, illustrating the spectrum of public sentiment ^[2]. Still, chart noise isn’t ignored: a golden cross on multiple timeframes adds another bullish cue ^[1].

Bitdeer signal & peers — Bitdeer provides a weekly BTC snapshot: holdings 2029.4 BTC, output 109.7 BTC, sold 77.8 BTC, net +31.9 BTC as of Oct 3, 2025 ^[3]. This moves the conversation beyond CAN to the broader crypto-mining herd as investors watch margins and BTC flow.

Closing thought: Nasdaq signals and Bitdeer’s BTC cadence will keep CAN and peers in the spotlight through Q4 and into next year.

References