Canaan, a leading mining company, reported a 121.1% year-over-year increase in revenue for the fourth quarter, reaching $19.6 million, marking its highest quarterly revenue in three years. The company's Bitcoin mining income surged by 98.5% to $30.4 million, with holdings of 1,750 Bitcoin and 3,950 Ethereum. Additionally, hash power sales rose by 60% year-over-year, totaling 14.6 EH/s. Despite these strong financial results, Canaan's stock price fell 6.87% to $0.56 on Tuesday. The decline has triggered a delisting warning from Nasdaq, as the stock remains below the $1 threshold. Canaan must elevate its stock price above $1 by July to avoid delisting and maintain its Nasdaq listing status.