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Kyrgyz Republic Approved to Proceed with Nano Labs’ CNH-Pegged Stablecoin Initiative
Globenewswire· 2025-08-04 10:00
Core Viewpoint - Nano Labs Ltd has received approval from the Kyrgyz Republic to issue a stablecoin pegged to the offshore Chinese Yuan (CNH), aiming to enhance trade and economic cooperation between China and Kyrgyzstan [1][2][3] Group 1: Project Details - The stablecoin project is designed to facilitate cross-border settlements, expand investment opportunities, and increase transparency in digital financial operations [3] - Nano Labs will submit a comprehensive white paper and key technical documentation as per the recommendations from Kyrgyz authorities [4] Group 2: Strategic Decisions - The company has decided to forgo plans for an HKD- or CNH-pegged stablecoin project in Hong Kong SAR, redirecting resources towards stablecoin initiatives in Belt and Road countries [5] Group 3: Company Background - Nano Labs Ltd is a leading provider of Web 3.0 infrastructure and product solutions in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [6] - The company has established a comprehensive flow processing unit (FPU) architecture and is actively involved in the digital assets space, holding reserves in BNB and BTC [6][7]
3 E Network Technology Group Limited Announces Use from First Tranche Private Offering Proceeds to Purchase Bitcoin and Advance Web 3.0 Strategy
Globenewswire· 2025-07-28 11:30
Core Viewpoint - 3 E Network Technology Group Limited has completed the first tranche of a three-tranche private offering, with plans to use part of the proceeds to purchase Bitcoin, aiming to enhance its cryptocurrency reserves and support growth in the Web 3.0 era [1][2]. Group 1: Offering Details - The offering involves the issuance of up to $7.4 million in aggregate principal amount of senior secured convertible notes and accompanying warrants to an institutional investor [2]. - The first tranche consists of $2.2 million in principal amount of notes and related warrants, which was issued in two installments and closed on July 8, 2025 [2]. Group 2: Company Overview - 3 E Network Technology Group Limited is a B2B IT business solutions provider, offering integrated software and hardware solutions primarily for property management and exhibition services [3]. - The company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [3]. - The business comprises two main portfolios: the software development portfolio and the exhibition and conference portfolio [3].
Nano Labs Further Increases BNB Holdings to 128,000 Tokens, Expanding Strategic Reserve to Over US$100 Million and Upgrading BNB Reserve Strategy
Globenewswire· 2025-07-28 10:00
Core Insights - Nano Labs Ltd has significantly increased its BNB holdings to 128,000 tokens, valued at over US$108 million based on the current market price of US$850 per BNB [1][2] - The company acquired an additional 8,000 BNB tokens at an average price of approximately US$801 per token, resulting in an average acquisition cost of US$713 per token for its total holdings [2] - Nano Labs plans to strengthen its strategic position within the BNB ecosystem through continued accumulation of BNB, acquiring controlling interests in companies focused on BNB reserves, and investing in leading BNB-centric enterprises [3] Company Overview - Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [4] - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC [4] - Nano Labs has positioned itself in the digital assets space, adopting BNB as its primary reserve asset and reserving in mainstream digital currencies including BNB and BTC [4]
Nano Labs Donates to Establish the “Nano bit Blockchain Research Fund” at Peking University’s Guanghua School of Management, Supporting Innovation in Blockchain Research
GlobeNewswire· 2025-07-25 12:00
Core Viewpoint - Nano Labs Ltd has established a dedicated fund to support academic research and talent development in blockchain and digital finance, aligning with China's strategy for digital economy development [1][2][3] Group 1: Fund Establishment and Purpose - The fund, named the "Nano bit Blockchain Research Fund," aims to enhance research in key technological areas and foster collaboration between industry and academia [4][2] - The initiative reflects the company's commitment to social responsibility and long-term vision in advancing technological innovation [3][5] Group 2: Company Overview and Strategy - Nano Labs is a leading provider of Web 3.0 infrastructure and product solutions in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [6] - The company has developed a comprehensive flow processing unit (FPU) architecture and is actively involved in the digital assets space, utilizing BNB as its primary reserve asset [6][7] Group 3: Leadership Vision - Dr. Jianping Kong, Chairman and CEO, emphasizes a "Technology-Driven, Value-Oriented" philosophy, aiming to explore innovative breakthroughs in the digital economy [5] - The company is dedicated to fulfilling corporate social responsibilities and supporting Chinese universities in advancing research in cutting-edge science and technology [5]
Nano Labs Appoints Ms. Can Yang as Senior Vice President of Subsidiary Nano bit to Oversee Execution of Digital Currency Strategic Reserves and Strengthen BNB Reserve Capabilities
GlobeNewswire News Room· 2025-07-24 10:00
Core Viewpoint - Nano Labs Ltd has appointed Ms. Can Yang as senior vice president of its subsidiary, Nano bit HK Limited, to lead digital currency strategic reserves initiatives and support growth in the global crypto financial ecosystem [1][4]. Group 1: Appointment and Responsibilities - Ms. Can Yang has over 15 years of experience in finance and investment, including a founding partner role at Aquarius Capital overseeing a $600 million Bitcoin liquidity fund [2]. - Her responsibilities will include enhancing financial management, international compliance, and asset allocation strategies for Nano Labs [4]. Group 2: Background and Experience - Prior to her role in the crypto industry, Ms. Yang held senior positions in traditional finance, including investment director at Hanfor Capital Management, where she participated in NIO Inc.'s B round financing and IPO [3]. - She also worked as a senior investment manager at a leading aerospace investment firm, managing billion-RMB funds and participating in significant fundraising initiatives [3]. Group 3: Company Overview - Nano Labs Ltd is a leading provider of Web 3.0 infrastructure and product solutions in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [5]. - The company has adopted BNB as its primary reserve asset and has accumulated approximately 120,000 BNB, along with reserves in mainstream digital currencies [4][5].
全球国防承包商 Burke Products 选择携手 Datavault AI 提升其国防与航空航天技术合同履约能力
Globenewswire· 2025-07-23 14:43
Core Viewpoint - Datavault AI Inc. has established a strategic partnership with Burke Products to support key defense and aerospace programs, leveraging each company's strengths to enhance capabilities in the defense sector [1][2][3]. Company Overview - Datavault AI is a leader in data visualization, valuation, and monetization technologies, with a focus on Web 3.0 solutions [1][8]. - Burke Products is a minority-owned first-tier supplier with over 59 years of experience in providing advanced electromechanical components and assemblies for defense and aerospace [1][9]. Partnership Details - The partnership will create revenue through existing contracts and aims to expand into standardized products by 2026 [1][2]. - Datavault AI will design and deliver solutions for various market opportunities under the contract framework, responding to requests from both private and public sectors [2][3]. Market Context - Global defense spending is projected to exceed $2.2 trillion in 2025, with the U.S. defense budget expected to surpass $900 billion [3]. - There is a growing demand for secure data solutions, advanced tracking technologies, and predictive intelligence in the defense technology sector, which aligns with Datavault AI's capabilities [3]. Strategic Goals - The collaboration aims to integrate Datavault AI's proprietary data and ADIO® acoustic technology with Burke's engineering expertise to enhance defense and aerospace capabilities [2][4]. - The first phase will incorporate Datavault AI's acoustic services into Burke's existing systems, with future phases potentially involving digital twin modeling and blockchain-based tools for supply chain security [4][6]. Leadership Insights - Burke Products' CEO highlighted the strategic alliance as a transformative initiative for future solutions, emphasizing the importance of innovation in critical mission systems [4][5]. - Datavault AI's co-founders expressed confidence in the partnership's potential to reshape operational standards in multiple defense sectors through advanced Web 3.0 solutions [7][8].
U Power Announces Strategic Partnership with IoTeX to Accelerate Expansion of Web 3.0 AI-Powered Energy and Transportation System Solutions
Prnewswire· 2025-07-23 12:00
Core Viewpoint - U Power Limited has entered into a Strategic Partnership with IoTeX to purchase Real-World Assets (RWAs) backed by corporate bonds, aimed at strengthening its capital structure and supporting the development of its EV battery-swapping technology [1][2]. Company Overview - U Power Limited specializes in AI-powered solutions for energy grids and intelligent transportation systems, focusing on its proprietary UOTTATM electric vehicle battery-swapping technology [1][6]. - The company is evolving from a battery-swapping station distributor to a provider of comprehensive AI-integrated energy solutions that optimize mobility and grid performance [6][7]. Strategic Partnership Details - The partnership will explore innovative solutions for the tokenization of RWAs, utilizing advanced AI technologies for secure and efficient asset growth [2][3]. - The collaboration is supported by HabitTrade, which will provide technical and strategic support for the token-equity integration [4]. Technological Integration - U Power aims to integrate its AI-empowered smart battery-swapping stations with a decentralized IoT infrastructure, enabling real-time asset tracking and monitoring for safety and performance [4]. - The partnership aligns with U Power's Web 3.0 initiative, focusing on the expansion of battery-token and battery-bank operations [4]. IoTeX Overview - IoTeX is a blockchain platform founded in 2017, dedicated to transforming machine-generated data into collective intelligence for AI applications [5]. - The platform provides infrastructure for connecting physical and digital worlds, including decentralized identity, data verification, smart contracts, and AI frameworks [5]. Industry Implications - The partnership signifies a commitment to sustainable development and technology innovation, leveraging blockchain-based finance (DeFi) for scalable real-world applications in energy and transportation [3].
Nano Labs Expands BNB Strategic Reserve to US$90 Million and Announces Plan to Upgrade BNB Reserve Strategy
Globenewswire· 2025-07-22 10:00
Core Viewpoint - Nano Labs Ltd has significantly increased its BNB holdings to 120,000, valued at approximately US$90 million, marking a major milestone in its strategic reserve plan [1][2]. Group 1: BNB Holdings Expansion - The company acquired an additional 45,684.9862 BNB through OTC transactions at an average price of approximately US$764 per token, resulting in an average purchase cost of US$707 per token for the total holdings [2]. - The total value of the BNB holdings is approximately US$90 million, reflecting the company's commitment to strengthening its strategic reserve [1][2]. Group 2: Strategic Reserve Plans - Nano Labs plans to further enhance its BNB strategic reserve through various approaches, including continued accumulation of BNB and acquiring controlling stakes in BNB-focused entities [3]. - The company aims to invest in firms dedicated to holding BNB as a core reserve asset, indicating a long-term strategy in the digital asset space [3]. Group 3: Company Overview - Nano Labs Ltd is a leading provider of Web 3.0 infrastructure and product solutions in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [4]. - The company has established a comprehensive flow processing unit (FPU) architecture and is actively involved in the digital assets sector, with BNB as its primary reserve asset [4].
Global Defense Contractor Burke Products Selects Datavault AI for Enhanced National Defense and Aerospace Technologies Contracts
Globenewswire· 2025-07-22 07:09
Core Insights - Datavault AI has formed a strategic partnership with Burke Products to support defense and aerospace programs, leveraging Datavault's data technologies and Burke's manufacturing capabilities [1][3][9] - The partnership is expected to generate revenues from existing contracts in 2025 and expand into product offerings by 2026 [1][4] - Global defense spending is projected to exceed $2.2 trillion in 2025, with a focus on secure data solutions and advanced tracking, areas where Datavault AI is positioned to provide innovative solutions [4][9] Company Overview - Datavault AI Inc. specializes in data visualization, valuation, and monetization technologies, with a focus on AI-driven data experiences in the Web 3.0 environment [11] - The company’s technology suite includes patented solutions in acoustic science and data science, aimed at various industries including defense and aerospace [11] - Burke Products is a minority-owned manufacturer with over 59 years of experience in providing high-precision components for the defense sector, maintaining relationships with major clients like Lockheed Martin and Raytheon Technologies [12] Partnership Details - The collaboration will integrate Datavault AI's proprietary technologies, including ADIO® tone technology, into Burke's existing systems, with future phases potentially involving digital twin modeling and blockchain tools [5][9] - The partnership aims to enhance mission-critical systems through innovative solutions in acoustic sciences and secure data management [5][8] - Both companies emphasize a shared vision for scalable, American-built solutions that address complex challenges in the defense sector [8][10]
Nano Labs Appoints Dr. Kailong Cai as CEO of Subsidiary Nano bit to Lead Global Crypto Reserve Strategy
GlobeNewswire News Room· 2025-07-17 10:00
Core Insights - Nano Labs Ltd has appointed Dr. Kailong Cai as the CEO of its subsidiary, Nano bit HK Limited, to drive strategic upgrades and oversee global operations [1] - Dr. Cai is a recognized expert in crypto finance with a Ph.D. in finance and extensive experience in both Chinese and U.S. financial markets [2] - The company aims to become a leading public cryptocurrency reserve enterprise in Asia, enhancing its asset strategies under Dr. Cai's leadership [4] Company Overview - Nano Labs Ltd is a prominent Web 3.0 infrastructure and product solution provider in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [5] - The company has accumulated nearly US$170 million in mainstream digital currencies, including BNB and BTC, and has established an integrated platform across multiple business verticals [5]