
HONG KONG, Jan. 10, 2025 — Nano Labs Ltd (Nasdaq: NA), a leading fabless integrated circuit design company and product solution provider in China, today announced a partnership between its wholly-owned subsidiary, Nano bit HK Limited (“Nano bit”), and BitFi, a leading cryptocurrency asset management platform. This collaboration focuses on developing innovative Bitcoin asset management solutions, representing a significant step in Nano Labs’ global technological innovation and strategic ecosystem expansion.
This strategic initiative includes Nano Labs adopting Bitcoin as a long-term strategic reserve asset, with Nano bit overseeing management and operations. BitFi will provide comprehensive support, including asset custody, quantitative management, and value-enhancement strategies, to ensure the security and profitability of these assets.
This partnership signifies Nano Labs’ increased engagement with the Bitcoin ecosystem and highlights BitFi’s expertise in cryptocurrency asset management. By combining their strengths, both companies aim to advance Bitcoin ecosystem development and foster sustainable industry growth.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. The company focuses on 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 developed a comprehensive flow processing unit (“FPU”) architecture integrating HTC and HPC features. Nano Lab’s Cuckoo series are among the first near-memory HTC chips on the market*. For more information, please visit the Company’s website at: .
* According to an industry report prepared by Frost & Sullivan.
Forward-Looking Statements
This press release includes forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements, often using terms like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” or similar expressions, reflect management’s current expectations based on current market and operating conditions. Actual results may differ materially due to various factors, both known and unknown, many beyond the Company’s control. Further details on these risks are in the Company’s SEC filings. The Company disclaims any obligation to update forward-looking statements, except as legally required.
For investor inquiries, please contact:
Nano Labs Ltd
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email:
SOURCE Nano Labs Ltd
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