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Nano Labs Ltd (Nasdaq: NA) announced that the Company through Nano bit HK Limited ("Nano bit"), its wholly-owned subsidiary, entered into a partnership (the "Partnership") with BitFi, a leading cryptocurrency asset management platform, jointly developing innovative Bitcoin asset management solutions. The Partnership marks a new chapter in Nano Labs' global technological innovation and strategic ecosystem development.

As part of this strategic initiative, Nano Labs agrees to adopt Bitcoin as a long-term strategic reserve asset, with Nano bit responsible for the management and operation of these assets. BitFi, serving as the Company's professional partner, agrees to provide comprehensive solutions, including asset custody, quantitative management, and value-enhancing strategies, to ensure the security and profitability of such reserve assets.

The Partnership not only signifies a new phase in Nano Labs' strategic engagement with the Bitcoin ecosystem but also underscores BitFi's technical expertise and leadership in cryptocurrency asset management. By leveraging their complementary strengths, the two companies aim to advance the development of the Bitcoin ecosystem and drive sustainable growth across the industry.

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Nano bit and BitFi reached a strategic cooperation to jointly deploy Bitcoin asset management

Nano Labs Limited (NASDAQ: NA) announced today that the Company has officially renamed its wholly-owned subsidiary Tsuki HK Limited to Nano bit HK Limited. Following this strategic rebranding, Nano bit HK Limited is expected to develop Bitcoin-related businesses and initiatives within the Bitcoin ecosystem, marking a significant milestone in the Company's global technological innovation and ecosystem strategy.

Nano bit's new business initiatives reflect Nano Labs' commitment to its long-term vision of driving blockchain infrastructure innovation and expanding its presence in global markets. The Company remains steadfast in its commitment to advancing technological innovation, fostering ecosystem growth, and delivering sustainable value and growth opportunities for its clients and partners.

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Nano Labs Subsidiary Nano bit to Launch Bitcoin Business, Advancing Global Innovation Strategy

On December 26, 2024, Nano Labs officially unveiled FPU3.0, an advanced ASIC architecture designed to enhance artificial intelligence (AI) inference performance. Featuring state-of-the-art 3D DRAM stacking technology, FPU3.0 achieves a fivefold improvement in energy efficiency over its predecessor, FPU2.0, setting a new benchmark for energy-efficient and high-performance ASICs.

The FPU series represents Nano Labs' proprietary ASIC chip architecture, optimized for high-bandwidth and high-throughput computing (HTC) applications. Compared to traditional CPUs and GPUs, FPU-based ASIC chips offer significantly lower power consumption and higher computational efficiency for targeted functions or applications. These chips are widely used in AI inference, edge AI computing, 5G data processing, and network acceleration.

The FPU architecture consists of four core modules and IPs: Intelligent NOC (Network-on-Chip), high-bandwidth memory controllers, inter-chip I/O connections, and the FPU core. This modular design provides exceptional flexibility, enabling rapid product iterations by updating the FPU core IP while reusing or upgrading other modules and IPs.

Notably, FPU3.0 incorporates stacked 3D memory with a theoretical bandwidth of 24TB/s and an upgraded Intelligent NOC. The enhanced NOC supports hybrid use of large and small computing cores as well as full-crossbar network buses. With outstanding performance across various domains, FPU3.0 delivers higher performance, lower power consumption, and faster product iteration cycles.

The launch of FPU3.0 marks a significant milestone for Nano Labs in driving innovations in AI and blockchain technologies. It underscores our advanced R&D capabilities and commitment to pioneering industry applications. Moving forward, we remain dedicated to advancing cutting-edge chip architectures, furthering the adoption of AI inference and digital currency technologies, and fostering breakthroughs and transformations across the industry.

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Nano bit and BitFi reached a strategic cooperation to jointly deploy Bitcoin asset management

Nano Labs Subsidiary Nano bit to Launch Bitcoin Business, Advancing Global Innovation Strategy

Nano Labs Launches FPU3.0 AI ASIC Architecture with 3D DRAM Stacking Technology, Driving Innovations in AI and Blockchain