Nano Labs Ltd, a leading Chinese fabless integrated circuit design company, has announced a strategic partnership with cryptocurrency asset management platform BitFi.
The collaboration, facilitated through Nano Labs’ subsidiary Nano Bit HK Limited, aims to develop innovative Bitcoin asset management solutions and bolster the company’s engagement with the Bitcoin ecosystem.
As part of the agreement, Nano Labs will adopt Bitcoin as a long-term strategic reserve asset. Nano Bit will oversee the assets’ management and operations, while BitFi will provide comprehensive services, including custody, quantitative management, and strategies to enhance asset value.
This partnership highlights Nano Labs’ commitment to global technological innovation and industry growth while leveraging BitFi’s expertise in cryptocurrency management. Both companies aim to advance Bitcoin adoption and drive sustainable growth in the digital asset industry.
This development comes on the heels of Nano Labs Ltd’s launch of FPU3.0, an advanced ASIC architecture designed to revolutionize AI and blockchain performance. Featuring cutting-edge 3D DRAM stacking technology, FPU3.0 delivers a fivefold boost in power efficiency compared to its predecessor, FPU2.0. This energy-efficient innovation supports high-bandwidth computing for applications like AI inference, 5G data processing, and network acceleration. With a theoretical bandwidth of 24TB/s and modular flexibility for rapid upgrades, FPU3.0 underscores Nano Labs’ commitment to driving technological advancements in AI and cryptocurrency industries.
Meanwhile, Nano Labs Ltd has expanded its Bitcoin holdings to approximately 360 BTC, valued at over 36.22 million USD as of December 12, 2024. Acquired through Hong Kong’s licensed HashKey Exchange, the company’s Bitcoin investment reflects an average acquisition cost of 99,700 USD per BTC, including transaction fees. Nano Labs, a leading fabless integrated circuit design company, continues to strengthen its strategic position in the digital asset space with this significant addition to its treasury, aligning with its broader technological and financial innovation goals.
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