Nano Labs Ltd

Earnings data Q3 2022

Earnings data Q4 2022

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Nano Labs Ltd. is a holding company, which engages in design and provision of product solution of fabless integrated circuit. It offers high throughput computing chips, high performance computing chips, distributed computing and storage solutions, smart network interface cards, vision computing chips, and distributed rendering. The company was founded in July 2019 and is headquartered in Hangzhou, China.

HONG KONG , Dec. 26, 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 the launch of FPU3.0, an ASIC architecture designed to enhance artificial intelligence (AI) inference and blockchain performance. Featuring advanced 3D DRAM stacking technology, FPU3.0 delivers a fivefold boost in power efficiency over the previous FPU2.0 architecture, setting a new standard for energy-efficient, high-performance ASICs.

Nano Labs Launches FPU3.0 ASIC Design Architecture with 3D DRAM Stacking for AI and Blockchain Innovation

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.

Nano Labs Announces Bitcoin Holdings Exceed 360 BTC, Valued at Over US$36 Million

HONG KONG , Dec. 11, 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 the closing of its previously announced private placement of 5,611,459 Class A ordinary shares at a purchase price of US$6.46 per share, for aggregate gross proceeds of approximately US$36.25 million. As previously disclosed, the aggregate purchase price was satisfied in U.S. dollars, Bitcoin and USDT.

Nano Labs Announces Closing of US$36.25 Million Private Placement

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.

Nano Labs Announces $5.5 Million BTC Purchased as of December 10, 2024

HONG KONG , Dec. 9, 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 entered into a share subscription agreement (the "Subscription Agreement") with certain investors (the "Investors") on December 9, 2024 to sell 5,611,459 Class A ordinary shares of the Company in a private placement. The purchase price per Class A ordinary shares is US$6.46, being the average closing price of the previous 60 trading days prior to the signing of the Subscription Agreement, and the aggregate purchase price of the Private Placement is approximately US$36.25 million (the "Aggregate Purchase Price").

Nano Labs Announces Pricing of Unregistered Sale of Equity Securities

HONG KONG , Dec. 2, 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 its plan to purchase and hold $50 million worth of Bitcoin ("BTC") over the next five years. This strategic decision underscores the Company's confidence in BTC as a long-term store of value and a foundational asset within the rapidly evolving Web 3.0 ecosystem.

Nano Labs Announces $50 Million BTC Purchase Plan

HANGZHOU, China , Nov. 22, 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 launched its second-generation V Series products. Powered by the advanced Cuckoo 3.0 chips, such new generation series consisting of V2, V2H and V2X models sets new benchmarks for performance and energy efficiency in the crypto mining industry.

Nano Labs Launches Second-Generation V Series with 5x Power Efficiency Boost

HANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- 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 received a notification letter (the “Notification Letter on Compliance”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (“Nasdaq”) on November 18, 2024, indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules.

Nano Labs Regains Compliance with Nasdaq Minimum Bid Price Requirement

HANGZHOU, China, Oct. 25, 2024 (GLOBE NEWSWIRE) -- In the news release "Nano Labs Announces Results of Extraordinary General Meeting of Shareholders," issued October 23, 2024 by Nano Labs Ltd over GlobeNewswire, we are advised by the company that the final paragraph should be “The Share Consolidation will be effective from 5 P.M. on November 3, 2024, Eastern time. The expected market effective date of the Share Consolidation is November 4, 2024 (as of the opening of business).” The complete, corrected release follows:

CORRECTION: Nano Labs Announces Results of Annual General Meeting of Shareholders

HANGZHOU, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, announced today that it received a written notice from the Listing Qualifications Staff of Nasdaq on October 10, 2024, notifying the Company that it has regained compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the “Rule”).

Nano Labs Resolves Nasdaq Minimum Market Value of Publicly Held Shares Deficiency

HANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, announced today that Mr. Jianping Kong, the Company's chairman and chief executive officer, informed the Company that he purchased 1,107,935 Class A ordinary shares of the Company in open-market transactions with his personal funds in September, 2024, which is the second time that Mr. Kong increased his shareholding in the Company in 2024. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Kong is optimistic about the Company's future prospects in the long term and does not rule out the possibility of continuing to increase his shareholding in Nano Labs in the future.

Mr. Kong, Nano Labs' Chairman and CEO, Increased His Shareholding in the Company

HANGZHOU, China, Sept. 23, 2024 (GLOBE NEWSWIRE) -- 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 will hold its 2024 Annual General Meeting of Shareholders (the “2024 Annual Meeting”) at 10 A.M. on October 23, 2024, Beijing time (10 P.M. on October 22, 2024, U.S. Eastern time) in China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China. The Company has established the close of business on September 27, 2024, Eastern time (the “Record Date”), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof. The purpose of the Meeting is:

Nano Labs Announces Annual General Meeting

HANGZHOU, China , Sept. 23, 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, announced today that it entered into agreements with Mr.

Nano Labs Enters into Agreements with Shareholders to Convert Loans into Ordinary Shares

Nano Labs Ltd (NASDAQ:NA ) Q2 2024 Results Conference Call September 18, 2024 8:30 AM ET Company Participants Jianping Kong - Chairman and CEO Bing Chen - CFO Operator Ladies and gentlemen, thank you for standing by. Welcome to Nano Labs First Half of 2024 Earnings Conference Call.

Nano Labs Ltd (NA) Q2 2024 Earnings Call Transcript

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HANGZHOU, China , July 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 received a notification letter dated July 11, 2024 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq") notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5450(b)(2)(C) for continued listing due to its failure to maintain a minimum of Market Value of Publicly Held Shares ("MVPHS") of US$15.0 million. The Deficiency Letter does not result in the immediate delisting of the Company's Class A ordinary shares on the Nasdaq Global Market.

Nano Labs Announces Receipt of Deficiency Letters from Nasdaq

HANGZHOU, China , May 21, 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 launched its latest generation in the Cuckoo series, Cuckoo3.0 chip and achieved the mass production. Cuckoo3.0 represents a significant leap in performance and energy efficiency compared to its predecessor, the Cuckoo2.0 chip.

Nano Labs Launches New Product Cuckoo3.0 Chip with Significant Improvements in Performance and Energy Efficiency

HANGZHOU, China , April 11, 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 entered into a securities purchase agreement with certain institutional investors to purchase 4,347,825 Class A ordinary shares of the company (the "Ordinary Shares") in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 6,521,737 Ordinary Shares.

Nano Labs Announces Pricing of $5.0 Million Registered Direct Offering

HANGZHOU, China , April 8, 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, announced today that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission ("SEC") on April 8 , 2024. The annual report can be accessed on the Company's investor relations website at https://ir.nano.cn as well as the SEC's website at http://www.sec.gov.

Nano Labs Files Annual Report on Form 20-F for Fiscal Year 2023

Nano Labs Ltd (NA) Q4 2023 Earnings Call Transcript

HANGZHOU, China, March 18, 2024 (GLOBE NEWSWIRE) -- 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 its unaudited financial results as of December 31, 2023 and for the six months ended December 31, 2023 Second Half of 2023 Financial Highlights Net revenue was RMB26.1 million (US$3.7 million) for the second half of 2023, compared to RMB603.0 million in the same period of 2022. Gross loss was RMB40.6 million (US$5.7 million) for the second half of 2023, compared to a gross profit of RMB53.8 million in the same period of 2022.

Nano Labs Announces Second Half of 2023 Financial Results

HANGZHOU, China, March 11, 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 will report its unaudited financial results for the six months ended December 31, 2023 before the U.S. market opens on Monday, March 18, 2024. The Company will host an earnings conference call to discuss its financial results at 8:30 am U.S. Eastern Time (8:30 pm Beijing Time) on March 18, 2024.

Nano Labs to Announce Second Half of Fiscal Year 2023 Financial Results on March 18, 2024

HANGZHOU, China , Jan. 25, 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, announced today the results of the Company's Extraordinary General Meeting ("EGM") held on 10 A.M. on January 25, 2024, Beijing time (9 P.M.

Nano Labs Announces Results of Extraordinary General Meeting of Shareholders

HANGZHOU, China , Jan. 3, 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, announced today that Citibank N.A., the depositary (the "Depositary") of the Company's American depositary receipts (the "ADRs"), distributed to all holders and beneficial owners of the Company's ADRs a notification (the "Amendment and Termination Notice") on December 29, 2023 regarding the amendment to the deposit agreement, dated December 19, 2023, as amended, by and among the Company, the Depositary, and all holders and beneficial owners of the ADRs (the "Deposit Agreement"), and the termination of ADR facility for the Company's American depositary shares (the "ADSs").

Nano Labs Announced Updates to Holders of ADRs Regarding Amendment to the Deposit Agreement and Termination of ADR Facility

HANGZHOU, China , Dec. 20, 2023 /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, announced today that an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on January 25, 2024, Beijing time (9 P.M.

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