HANGZHOU, China, Nov. 22,
2024 /PRNewswire/ -- Nano Labs Ltd (Nasdaq: NA)
("we," the "Company" or "Nano
Labs"), a leading fabless integrated circuit design company
and product solution provider in China, today announced that it has launched
its second-generation V Series products. Powered by the advanced
Cuckoo 3.0 chips, such new generation series consisting of V2, V2H
and V2X models sets new benchmarks for performance and energy
efficiency in the crypto mining industry.
The V2H and V2X models deliver nearly four times the computing
power of their first-generation counterparts. With such an
improvement in overall power efficiency, the V2 Series solidifies
its position as one of the most efficient mining solutions on the
market.
Beyond its exceptional performance, the V2 Series boasts
upgraded hardware configurations, enhanced heat dissipation systems
and greater resistance to high temperatures. These advancements
ensure more stable and efficient operation, offering users reliable
and cost-effective mining solutions designed for long-term
performance.
Continuing a Legacy of Innovation in Digital Mining
Solutions
Nano Labs has engaged in
crypto mining chip design and solutions since
2022, when it launched the B1L product featuring the Darkbird 1.0
chip for BTC mining. This innovation was followed by the
introduction of the first-generation V1 Series, powered by the
Cuckoo 2.0 chip for ETH mining. The V1 lineup, which
included models such as the V1, V1mini, X1, and V1H, earned
widespread acclaim for their competitive advantages and robust
reliability within the industry.
Building on this legacy, the launch of the second-generation V
Series underscores Nano Labs'
commitment to advancing cutting-edge technologies and addressing
the evolving demands of the crypto mining
market.
Nano Labs remains dedicated to
enhancing its R&D capabilities and exploring new opportunities
in the Web3.0 space. With a clear focus on innovation and market
expansion, the Company aims to deliver next-generation solutions
that redefine industry standards and empower the digital
economy.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit ("IC")
design company and product solution provider in China. Nano
Labs is committed to the development of high throughput
computing ("HTC") chips, high performance computing ("HPC") chips,
distributed computing and storage solutions, smart network
interface cards ("NICs") vision computing chips and distributed
rendering. Nano Labs has built a
comprehensive flow processing unit ("FPU") architecture which
offers solution that integrates the features of both HTC and HPC.
Nano Lab's Cuckoo series are one of
the first near-memory HTC chips available in the market*. For more
information, please visit the Company's website at: ir.nano.cn.
* According to an industry report prepared by Frost
& Sullivan.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include, without limitation, the Company's plan to appeal the
Staff's determination, which can be identified by terminology such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Such statements are based
upon management's current expectations and current market and
operating conditions, and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the Securities and Exchange Commission. The Company
does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or
otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nano Labs Ltd