The strategic rebranding of Hangzhou-based Nano Labs demonstrates a commitment to blockchain development and international market growth.
Today, Nano Labs Ltd., a leading factory-free integrated circuit design company and product solutions supplier in China, announced that Tsuki HK Limited, its wholly-owned subsidiary, has officially been renamed Nano bit HK Limited. With this rebrand, Nano Bit is re-entering the Bitcoin ecosystem and intends to create projects and companies around Bitcoin (BTC).
Nano Labs’ commitment to driving blockchain infrastructure innovation is reflected in Nano Bit HK Limited’s planned focus on developing the BTC ecosystem.
While it remains unclear whether Nano Labs plans to keep BTC on its balance sheet, the chip designer emphasized that accepting the cryptocurrency “is in line with its long-term vision.”
In premarket trading, shares of Nano Labs are at $9.07, up 17.03% at the time of writing. It remains to be seen whether the rebranding news will continue to have an impact on Nano Labs Ltd’s share price when the market opens today.
Founded in 2019 by Kong Jianping and Sun Qifeng, Nano Labs is a China-based fabless IC design and product solutions provider specializing in innovative chip architectures, memory systems and distributed computing. The company went public in July 2022 and initially aimed to raise $50 million in its US IPO, but ultimately secured $20 million.
Nano Labs remains a leading provider of high-throughput and high-performance computing solutions with its flagship…
