HONG
KONG, Dec. 10, 2024 /PRNewswire/ -- Nano Labs
Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated
circuit design company and product solution provider in
China, today announced that
it has invested in Bitcoins ("BTC") through Hashkey, a licensed
virtual asset trading platform in Hong
Kong. As of December 10, 2024,
the Company owns approximately 55.6 Bitcoins, valued at about
5.5 million US dollars, at an average price of approximately
$99,400 per BTC, inclusive of
transaction fees.
This strategic investment reflects the Company's commitment to
diversifying its asset allocation while exploring potential
application of blockchain technology in high-performance computing
and distributed storage solutions.
A group of investors, including FENBUSHI US, Longling Capital,
Golden Forest, and others, recently
entered into a share subscription agreement with Nano Labs. The Company will continue to monitor
developments in the BTC market closely and adjust its investment
scale and strategy as appropriate in response to market
conditions.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit ("IC")
design company and product solution provider in China. Nano
Labs is committed to the development 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. Nano Labs has built a
comprehensive flow processing unit ("FPU") architecture which
offers solution that integrates the features of both HTC and HPC.
Nano Lab's Cuckoo series are one of
the first near-memory HTC chips available in the market*. For more
information, please visit the Company's website at: ir.nano.cn.
* According to an industry report prepared by Frost
& Sullivan.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include, without limitation, the Company's plan to appeal the
Staff's determination, which can be identified by terminology such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Such statements are based
upon management's current expectations and current market and
operating conditions, and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the Securities and Exchange Commission. The Company
does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or
otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nano Labs Ltd