Company Expansion - Bitdeer, a billion-dollar Bitcoin mining machine company, has expanded its operations by opening a new manufacturing and assembly facility in the United States [1] - The new facility is located in Reno, Nevada, and spans 182,000 square feet [1] Business Focus - The facility will support mining hardware production, chip development, and onshore manufacturing [1]

Product Innovation - The report highlights the production of the world's first modular, repairable, open-source Bitcoin mining machine named 'Proto Rig' [1] - The 'Proto Rig' runs on open-source software [1] Key Personnel - Jack Dorsey, the founder of Twitter and Cash App, is involved in the production of 'Proto Rig' [1]

Group 1 - Canaan (NASDAQ: CAN) is a leading Bitcoin mining-related stock, experiencing significant volatility in its share price, which often moves independently of Bitcoin's core value [1] - As of the latest update, Canaan's stock has decreased by 16% since the previous day's close and has declined 34% year-to-date, although it has increased by 58% over the past 12 months, highlighting its volatility [2] - Factors contributing to Canaan's recent decline include a drop in Bitcoin prices, the recent Bitcoin halving, and rising power costs globally, which are exerting fundamental pressures on the company [4] Group 2 - Analysts from B. Riley suggest that Canaan is unlikely to achieve profitability this year, projecting profitability only by 2027, with current net margins at negative 77% and return on equity at negative 92% [5] - Despite announcing strong orders for new, more efficient Bitcoin mining machines, Canaan's stock has not seen the anticipated surge, indicating investor concerns regarding the company's fundamentals [6][8] - The current sentiment suggests that investors may prefer direct exposure to cryptocurrencies or spot exchange-traded funds (ETFs) rather than investing in crypto miners like Canaan, due to unfavorable fundamentals [7]

Market Overview - U.S. stocks traded higher, with the Dow Jones index gaining approximately 0.2% to 46,532.02, NASDAQ rising 0.34% to 22,833.17, and S&P 500 increasing 0.07% to 6,715.87 [1] - European shares were mostly higher, with the eurozone's STOXX 600 gaining 0.53%, while Spain's IBEX 35 Index fell 0.27% [6] - Asian markets closed higher, with Japan's Nikkei 225 gaining 0.87% and Hong Kong's Hang Seng index gaining 1.61% [9] Company Earnings - AngioDynamics, Inc. reported better-than-expected earnings for Q1, with losses of 10 cents per share, beating the analyst consensus estimate of 12 cents per share. Quarterly sales were $75.711 million, exceeding the consensus estimate of $72.725 million [2] Commodity Prices - Oil prices decreased by 2.1% to $60.47, gold fell by 0.7% to $3,869.20, silver dropped 2.7% to $46.415, while copper rose by 1.2% to $4.9430 [5] Notable Stock Movements - Aspire Biopharma Holdings Inc shares surged 110% to $0.45 following the announcement of a milestone roadmap targeting FDA submission [8] - Canaan Inc shares increased by 25% to $1.30 after announcing a significant sales order [8] - Ondas Holdings Inc shares rose 26% to $9.19 after announcing an initial order of 500 Wasp drones [8] - Uni-Fuels Holdings Ltd shares dropped 72% to $1.42, and Nvni Group Ltd shares fell 50% to $0.37 due to a reverse stock split announcement [8] - FlexShopper Inc shares decreased by 49% to $0.29 following the resignation of its Director amid financial issues [8] Employment Data - U.S.-based employers announced 54,064 job cuts in September, a decrease from 85,979 in August [10]

Company Expansion - Bitmain, the world's largest Bitcoin mining machine and chip manufacturer, plans to open its first US factory [1] - The factory is potentially located in Texas or Florida [1] - Bitmain plans to initially hire 250 local employees [1]

As filed with the Securities and Exchange Commission on June 3, 2024 Registration No. 333-278977 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ AMENDMENT NO. 1 (Primary Standard Industrial (I.R.S. Employer Identification Number) TO FORM F-1 REGISTRATION STATEMENT Under The Securities Act of 1933 ______________________ Nano Labs Ltd (Exact name of Registrant as specified in its charter) ______________________ The Cayman Islands 3674 Not Applicable (State or oth ...