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Nano Labs Ltd

Nano Labs Ltd designs and sells fabless integrated circuit and product solutions in the People's Republic of China, Hong Kong, Singapore, the United States, and internationally. It develops HTC chips and HPC chips, including the Cuckoo 1.0, Cuckoo 2.0, and Cuckoo 3.0 chips, which target ASIC-resistant mining algorithms for cryptocurrencies such as Ethereum Classic and Grin, as well as the Darkbird 1.0 HPC chip. The company serves enterprise and individual buyers. Founded in 2019, Nano Labs Ltd is headquartered in Hangzhou, the People's Republic of China.

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Nano Labs H1 Net Loss Widens to RMB316.7 Million

Nano Labs reported a significantly wider net loss of RMB316.7 million ($46.5 million) in the first half of 2026, compared with RMB11.8 million a year earlier, as lower iPollo V Series sales and a RMB250.5 million loss from cryptocurrency fair-value changes, primarily due to a decline in BNB, weighed on results. The company is expanding into AI and Web3 with the iPollo ClawPC A1 Mini and its OpenClaw ecosystem, aiming to develop connected hardware, software, and commercial applications that combine blockchain and AI capabilities. Nano Labs held 30,000 BNB in long-term reserves and continued its up-to-$25 million share-repurchase program, having repurchased shares totaling $3.2 million as of Aug. 26, including 1,117,401 shares as of June 30.
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Nano Labs Reports First Half 2026 Results

Nano Labs announced its financial results for the first half of 2026, reporting net revenue of RMB2.8 million (US$0.4 million), a decline from RMB8.3 million in the same period of 2025. The company's net loss per share, both basic and diluted, widened to RMB13.65 (US$2.00) from RMB0.43 in the prior-year period.
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Nano Labs Approved as Validator Node on Canton Network

Nano Labs has been officially approved to join the Canton Network as a Validator Node, becoming part of the institutional-grade blockchain network’s global validator ecosystem. The Canton Network is a next-generation blockchain infrastructure designed for financial institutions, with participants including Goldman Sachs, BNY Mellon, Visa, DTCC, BNP Paribas, and Deutsche Börse Group. As a Validator Node, Nano Labs will operate dedicated node infrastructure and participate in the network’s operation and ecosystem development, providing secure and efficient infrastructure support for institutional-grade digital asset applications. The selection process involved a comprehensive review of technical capabilities, operational standards, and compliance requirements. Nano Labs expects this participation to expand collaboration opportunities with global financial institutions and explore applications such as digital asset settlement and on-chain asset management.
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