Nano Labs Ltd., a Chinese fabless integrated circuit design firm, has announced the rebranding of its subsidiary, Tsuki HK Limited, to Nano bit HK Limited. This rebranding signifies Nano Labs' dedication to blockchain development and international market growth, with a specific focus on Bitcoin (BTC) ecosystem development. While it's unclear if Nano Labs plans to hold BTC on its balance sheet, the company emphasized that accepting the cryptocurrency aligns with its long-term vision. The rebranding news has led to a 17.03% increase in Nano Labs' shares in pre-market trading. With their expertise in high-performance computing, Nano Labs aims to leverage blockchain technology to improve BTC mining processes.



Other News from Today