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Nano Labs Ltd reports developments as a Web 3.0 infrastructure and product solution provider focused on HTC and HPC chip technologies, including its flow processing unit architecture. Company updates also cover its crypto treasury positioning, with BNB adopted as a primary reserve asset, and product activity under the iPollo brand.
Recurring announcements include unaudited financial results, cryptocurrency fair-value effects, BNB reserve actions, share repurchase activity, annual general meeting matters and amendments to shareholder voting rights. Product announcements include the iPollo ClawPC A1 Mini for the OpenClaw AI Agent ecosystem, while strategic initiatives include RWA infrastructure and compliance work on BNB Chain.
Nano Labs (Nasdaq: NA), a leading Chinese fabless integrated circuit design company, has scheduled to release its unaudited financial results for H2 FY2024 (period ending December 31, 2024) before U.S. market opens on March 25, 2025.
The company will host an earnings conference call at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on the same day. Participants must pre-register online to receive dial-in details and a unique PIN. A live and archived webcast will be available on the company's investor relations website.
Nano Labs (Nasdaq: NA), a leading Chinese fabless integrated circuit design company, held an extraordinary general meeting on March 7, 2025 where shareholders approved significant corporate changes. The meeting resulted in three key resolutions: an increase in the company's share capital, doubling of Class B ordinary shares voting power from 15 to 30 votes per share, and the adoption of The Fifth Amended and Restated Memorandum and Articles of Association.
Nano Labs (Nasdaq: NA) has received US$1 million equivalent in USDT as part of a previously announced private placement of Class A ordinary shares. The company issued 154,799 additional Class A ordinary shares at US$6.46 per share, contributing to the total private placement of 913,714 shares for aggregate gross proceeds of approximately US$5.9 million.
The transaction, which was structured to be paid in Bitcoin and USDT, was conducted as an unregistered sale of equity securities not requiring registration under Section 5 of the Securities Act.
Nano Labs (Nasdaq: NA) has received US$4.9 million equivalent in Bitcoin and USDT from a previously announced private placement of equity securities. The transaction involves the issuance of 758,915 Class A ordinary shares at $6.46 per share, as part of a larger placement totaling 913,714 shares with aggregate gross proceeds of approximately US$5.9 million.
The private placement was conducted as an unregistered sale of securities under Section 5 of the Securities Act. The company, a leading fabless integrated circuit design firm in China, structured the deal to accept cryptocurrency as payment.
Nano Labs (Nasdaq: NA) has announced a private placement of 913,714 Class A ordinary shares at US$6.46 per share, totaling approximately US$5.9 million. The purchase price will be paid in Bitcoin (BTC) and USDT. The company has previously received investments from notable institutions including FENBUSHI, Golden Forest, and Longling Capital.
Additionally, Nano Labs reported an increase in its Bitcoin holdings to approximately 400 Bitcoins, valued at around US$40 million as of February 21, 2025. The average acquisition cost per Bitcoin is approximately US$99,500, including transaction fees. The private placement closing is expected within 10 business days, subject to customary conditions.
Nano Labs (Nasdaq: NA) announced the successful deployment of DeepSeek on its YangTuo LLM workstation, an AI inference device based on the Llama open-source model. The deployment enables efficient handling of DeepSeek's 671B large models.
The YangTuo workstation features several key advantages:
- Pre-installed DeepSeek models and optimization tools for plug-and-play functionality
- Multi-GPU scaling support for models from 7B to 671B
- Easy model switching capabilities for various applications
This integration combines DeepSeek's algorithms with Nano Labs' industrial design to provide comprehensive AI solutions for research institutions, enterprises, and developers.
Nano Labs (Nasdaq: NA) has announced a strategic investment acquiring a 5% stake in Hangzhou Weiheng Technology, an AI ASIC chip startup focused on developing compute-storage chips for edge and endpoint computing. The investment aligns with AI applications for large models, with Weiheng's products being compatible with DeepSeek's latest large models.
According to Dr. Jianping Kong, Chairman and CEO of Nano Labs, this investment positions the company to capitalize on the expected acceleration of AI model adoption across consumer electronics, embodied intelligence, and intelligent vehicles sectors. The company anticipates significant market opportunities in endpoint computing applications throughout 2025.
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.