Nano Labs Starts Accepting Payments in Bitcoin
November 11 2024 - 8:00AM
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 the Company has
set up a Coinbase account and starts accepting payments in Bitcoin
in exchange for its products. This strategic move marks the
Company’s commitment to embracing the latest in financial
technology and enhancing its global transaction capabilities.
In response to the increasing demand for digital
currency transactions in the technology sector, Nano Labs has taken
this step to provide clients and partners with greater payment
flexibility. As cryptocurrency adoption continues to grow,
particularly among businesses seeking efficient and secure
cross-border transactions, the Company’s acceptance for payments in
Bitcoin highlights its proactive stance in the evolving digital
economy.
Nano Labs’ acceptance for payments in Bitcoin
aligns with its long-term vision of staying at the forefront of
technology advancements and delivering added value to clients
worldwide. With this new capability, the Company is positioned to
attract a broader range of partners and customers who value
progressive financial options.
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 Ltdir@nano.cn
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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