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Nano Labs Ltd (NA) provides investors and technology stakeholders with centralized access to official announcements and market developments from this innovative fabless IC designer. Track the company's advancements in high throughput computing chips, distributed storage solutions, and strategic blockchain integrations through verified press releases and financial disclosures.
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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.
Nano Labs (Nasdaq: NA) has announced a strategic partnership with HashKey Group to enhance their presence in the Web3 and blockchain ecosystem. Through this agreement, a Nano Labs subsidiary will establish a trading account on HashKey Exchange, a licensed virtual asset trading platform in Hong Kong, to invest in virtual assets and diversify its digital currency portfolio.
The collaboration aims to extend beyond digital asset trading to include Web3 technology development and blockchain ecosystem construction. Both companies' representatives expressed optimism about the partnership's potential to create value and accelerate Web3 industry development, particularly in light of favorable market trends and increasing institutional adoption of Bitcoin.
Nano Labs (Nasdaq: NA) has announced plans to purchase and hold $50 million worth of Bitcoin (BTC) over the next five years. The company, a leading fabless integrated circuit design firm in China, views this investment as a strategic move reflecting its confidence in BTC as a long-term store of value and fundamental asset in the Web 3.0 ecosystem. Nano Labs currently offers B series products for BTC mining and V series for ETC mining. The company notes that the purchase plan may be modified, suspended, or abandoned based on market conditions, regulatory changes, financial position, and other business factors.
Nano Labs has launched its second-generation V Series products, powered by Cuckoo 3.0 chips. The new V2, V2H, and V2X models demonstrate significant improvements, with V2H and V2X delivering nearly four times the computing power of their first-generation counterparts. The series features upgraded hardware configurations, enhanced heat dissipation systems, and improved temperature resistance.
The company's journey in crypto mining solutions began in 2022 with the B1L product featuring Darkbird 1.0 chip for BTC mining, followed by the first-generation V1 Series with Cuckoo 2.0 chip for ETH mining.
Nano Labs has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received a notification letter from Nasdaq on November 18, 2024, confirming that its Class A ordinary shares maintained a closing bid price of $1.00 or higher for 10 consecutive business days from November 4 through November 15, 2024. This resolves the non-compliance notice issued on May 23, 2024, when the company failed to maintain the minimum required bid price.
Nano Labs (Nasdaq: NA) has announced plans to allocate part of its excess liquidity to Bitcoin as a long-term strategic reserve asset. The company's decision is based on Bitcoin's position as a reliable store of value and its increasing global adoption. The initiative aims to diversify the company's portfolio and enhance resilience against market fluctuations, while aligning with evolving global economic dynamics.
Nano Labs (Nasdaq: NA), a Chinese fabless integrated circuit design company, announced the establishment of a Coinbase account to begin accepting Bitcoin payments for its products. This strategic initiative aims to enhance global transaction capabilities and provide greater payment flexibility to clients and partners. The move responds to increasing demand for digital currency transactions in the technology sector and positions the company to attract partners who prefer cryptocurrency-based transactions.
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