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Nano Labs Ltd (Nasdaq: NA) is a prominent fabless integrated circuit (IC) design company and product solution provider based in China. As a fabless entity, the company focuses on the design and development of state-of-the-art ICs without owning or operating semiconductor fabrication plants. Nano Labs is committed to advancing technology through the creation of high throughput computing (HTC) chips, high performance computing (HPC) chips, distributed computing and storage solutions, smart network interface cards (NICs), vision computing chips, and distributed rendering solutions.
The company’s key products include the Cuckoo 1.0, Cuckoo 2.0, and the Darkbird 1.0 chips, which are known for their high efficiency and advanced performance. Expanding on these, the recent launch of the Cuckoo 3.0 chip marks a significant leap in performance and energy efficiency, achieving substantial improvements in single-core computing power and energy consumption.
Nano Labs serves a broad range of industries, including blockchain and Web3.0. The company's advanced chips are pivotal in the technology landscape, offering integrated solutions that combine the best features of HTC and HPC. Noteworthy achievements include the development of one of the first near-memory HTC chips in the market, with the Cuckoo series boasting a maximum bandwidth of approximately 2.27 Tbps.
Financially, Nano Labs has a strong presence in the Chinese market, contributing a major portion of its revenue. Recent corporate actions include a registered direct offering and private placement aimed at raising approximately $5 million, demonstrating investor confidence and the company's robust financial strategies. Additionally, the company has taken strategic steps to comply with Nasdaq listing rules, ensuring its strong market presence.
However, the company also faces challenges. In May 2024, Nano Labs received notifications from Nasdaq regarding non-compliance with certain listing criteria, including maintaining a minimum market value of listed securities and a minimum bid price per share. The company is actively working on strategies to regain compliance and secure its listing status.
Leadership at Nano Labs is optimistic about the company's future. Recent insider purchases by the company's chairman and CEO, Mr. Jianping Kong, signal strong internal confidence in the company’s long-term prospects. These actions, along with ongoing product innovations and strategic financial maneuvers, position Nano Labs as a significant player in the IC design and technology solutions sector.
For more information, please visit the Company's website at: https://ir.nano.cn/.
Nano Labs (Nasdaq: NA) has announced the launch of its next-generation V2 Series home mining equipment, featuring two models: V2H and V2X. The V2H delivers a hash rate of 3400±10% MH/s with 475±10% W power consumption, while the V2X offers 1200±10% MH/s at 165±10% W.
The V2 Series incorporates advanced features including a smart display for real-time monitoring and an optimized silent cooling system for home use. The equipment features a modular structure for improved maintainability and scalability, aimed at reducing electronic waste.
This launch builds upon Nano Labs' previous products, including the iPollo G1, Cuckoo Series, Darksteel Series, and iPollo V1 Series. The company sees significant potential in home mining environments and positions this launch as part of its strategy to capitalize on cryptocurrency opportunities.
Nano Labs (Nasdaq: NA) has announced the symbolic purchase of 47 Trump tokens on the Solana blockchain at approximately $24 per token, including transaction fees. The purchase commemorates Donald Trump's election as the 47th U.S. President and acknowledges his supportive stance toward the cryptocurrency industry.
The company emphasizes that this acquisition is purely symbolic with no intention to sell the tokens. The announcement is presented as a factual disclosure and not investment advice. Nano Labs reaffirms its commitment to blockchain technology innovation while engaging with the cryptocurrency ecosystem's cultural aspects.
Nano Labs (Nasdaq: NA) has announced its partnership with the Inaugural Presidential Crypto Ball, scheduled for January 17, 2025, at the Andrew W. Mellon Auditorium in Washington, D.C. The event, jointly hosted by BTC Inc. and Stand With Crypto, celebrates the 47th Presidential Inauguration and has secured support from major industry players including MicroStrategy, Coinbase, MetaMask, and Galaxy Digital.
The company's Chairman and CEO, Dr. Jianping Kong, will attend the event to engage with political, business, and blockchain industry leaders. This partnership aligns with Nano Labs' focus on blockchain and high-performance computing technologies development.
Nano Labs (Nasdaq: NA) has announced a strategic partnership between its subsidiary Nano bit HK and BitFi, a cryptocurrency asset management platform. The collaboration focuses on developing innovative Bitcoin asset management solutions. As part of this initiative, Nano Labs will adopt Bitcoin as a long-term strategic reserve asset, with Nano bit managing these assets.
BitFi will provide comprehensive solutions including asset custody, quantitative management, and value-enhancing strategies to ensure security and profitability of the reserve assets. This partnership represents a significant step in Nano Labs' global technological innovation and strategic ecosystem development, while highlighting BitFi's expertise in cryptocurrency asset management.
Nano Labs (Nasdaq: NA) announced the rebranding of its wholly-owned subsidiary Tsuki HK to Nano bit HK . The renamed subsidiary is expected to develop Bitcoin-related businesses and initiatives within the Bitcoin ecosystem. This strategic rebranding represents a significant milestone in the company's global technological innovation and ecosystem strategy. The company aims to drive blockchain infrastructure innovation and expand its presence in global markets through Nano bit's new business initiatives.
Nano Labs (Nasdaq: NA) has unveiled FPU3.0, a new ASIC architecture featuring advanced 3D DRAM stacking technology. The architecture achieves a fivefold improvement in power efficiency compared to its predecessor, FPU2.0. The design is optimized for AI inference and blockchain applications.
The FPU architecture consists of four core modules: Smart NOC (Network-on-Chip), high-bandwidth memory controller, chip-to-chip interconnect IOs, and FPU core. The FPU3.0 specifically incorporates stacked 3D memory with 24TB/s theoretical bandwidth and an upgraded Smart-NOC on-chip network, supporting various compute cores and traffic types.
Nano Labs (Nasdaq: NA), a leading fabless integrated circuit design company in China, has announced a significant increase in its Bitcoin holdings. As of December 12, 2024, the company possesses approximately 360 Bitcoins, valued at around US$36.22 million. This acquisition was facilitated through the licensed virtual asset exchange HashKey Exchange in Hong Kong. The average acquisition cost for these Bitcoin holdings is approximately US$99,700 per BTC, inclusive of transaction fees.
Nano Labs (Nasdaq: NA) has successfully closed its previously announced private placement, raising US$36.25 million through the sale of 5,611,459 Class A ordinary shares at US$6.46 per share. The aggregate purchase price was paid using a combination of U.S. dollars, Bitcoin, and USDT. The transaction was conducted as an unregistered offering under Section 5 of the Securities Act.
Nano Labs (Nasdaq: NA) announced its investment in approximately 55.6 Bitcoins through Hashkey, a licensed Hong Kong virtual asset trading platform. The investment is valued at about $5.5 million, with an average purchase price of $99,400 per BTC including transaction fees.
The company views this as a strategic investment to diversify its asset allocation while exploring blockchain technology applications in high-performance computing and distributed storage solutions. Additionally, Nano Labs has secured a share subscription agreement with investors including FENBUSHI US, Longling Capital, and Golden Forest.
Nano Labs (Nasdaq: NA) has announced a private placement agreement to sell 5,611,459 Class A ordinary shares to certain investors. The purchase price is set at US$6.46 per share, based on the average closing price of the previous 60 trading days. The total transaction value is approximately US$36.25 million, which will be paid in a combination of U.S. dollars, Bitcoin, and USDT.
The transaction is structured as an unregistered sale of equity securities, exempt from Section 5 of the Securities Act registration requirements. The closing is expected within 10 business days, subject to standard closing conditions.
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