CandleFocus ? China’s Nano Labs embraces Bitcoin as payment option
2024-11-11
Author: Content Editor
Hangzhou-based integrated circuit design company Nano Labs has announced that it will start accepting Bitcoin as a payment method for its products. The company, which specializes in cryptocurrency-mining chip design, believes that this move reflects the increasing demand for cryptocurrency operations in the technology sector. Although it is unclear whether Nano Labs plans to hold Bitcoin on its balance sheet, the company sees accepting Bitcoin as aligning with its long-term vision. Following the news, Nano Labs' shares rose 5.6% in pre-market trading. The company was founded in 2019 and went public in July 2022, raising $20 million in its IPO.
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