Nano Labs Announces Private Placement and Boosts Bitcoin Holdings

Private Placement Details

Nano Labs Ltd, a prominent fabless integrated circuit design company in China, has announced a private placement of 913,714 Class A ordinary shares. The shares are priced at $6.46 each, resulting in an aggregate purchase price of approximately $5.9 million. The transaction will be settled in Bitcoin (BTC) and USDT, with closing expected within 10 business days, subject to customary conditions. This move aligns with the company's strategy to secure funding from prominent investors, including FENBUSHI, Golden Forest, and Longling Capital.

Increased Bitcoin Holdings

As of February 21, 2025, Nano Labs has expanded its Bitcoin holdings to approximately 400 BTC, currently valued at $40 million. The average acquisition cost per BTC is around $99,500, reflecting the company's strategic investment in digital assets. This move underscores the company's confidence in Bitcoin's long-term value and its role in diversifying the company's financial portfolio.

Business Focus

Nano Labs specializes in high-throughput computing (HTC) and high-performance computing (HPC) chips, distributed computing solutions, and smart network interface cards. The company's innovative Cuckoo series, one of the first near-memory HTC chips on the market, highlights its commitment to cutting-edge technology. By integrating HTC and HPC capabilities, Nano Labs continues to strengthen its position in the global semiconductor industry.

This announcement reinforces Nano Labs' strategic initiatives to enhance its financial position and technological advancements, positioning the company for sustained growth in the competitive integrated circuit design sector.