HONG
KONG, Dec. 12, 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
recently increased its Bitcoin (BTC) holdings through
the licensed virtual asset exchange HashKey Exchange in
Hong Kong.
As of December 12, 2024, the
Company holds a total of approximately 360 Bitcoins, with a current
value of approximately US$36.22
million. The average acquisition cost of its
Bitcoin holdings is approximately US$99,700 per BTC, inclusive of transaction
fees.
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
