HONG
KONG, Jan. 10, 2025 /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 the
Company through Nano bit HK Limited ("Nano bit"), its wholly-owned
subsidiary, entered into a partnership (the "Partnership") with
BitFi, a leading cryptocurrency asset management
platform, jointly developing innovative Bitcoin asset
management solutions. The Partnership marks a new chapter in
Nano Labs' global technological
innovation and strategic ecosystem development.
As part of this strategic initiative, Nano Labs agrees to adopt Bitcoin
as a long-term strategic reserve asset, with Nano bit responsible
for the management and operation of these assets. BitFi, serving as
the Company's professional partner, agrees to provide comprehensive
solutions, including asset custody, quantitative management, and
value-enhancing strategies, to ensure the security and
profitability of such reserve assets.
The Partnership not only signifies a new phase in Nano Labs' strategic engagement with the
Bitcoin ecosystem but also underscores BitFi's
technical expertise and leadership in cryptocurrency
asset management. By leveraging their complementary strengths, the
two companies aim to advance the development of the
Bitcoin ecosystem and drive sustainable growth across
the industry.
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nano-labs-subsidiary-nano-bit-and-bitfi-enter-strategic-partnership-to-revolutionize-bitcoin-asset-management-302347784.html
SOURCE Nano Labs Ltd