Chinese Fabless Integrated Circuit Company Nano Labs Stock Skyrockets With New V Series Launch: Details

Benzinga00:32

Nano Labs Ltd (NASDAQ:NA) shares rose on Friday after the company launched its second-generation V Series crypto mining products. Powered by the advanced Cuckoo 3.0 chips, the V2, V2H, and V2X models ...

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This was followed by the first-generation V1 Series, powered by the Cuckoo 2.0 chip for ETH mining.Recently, on November 18, Nano Labs received a notification letter from the Listing Qualifications Department of Nasdaq indicating that it has regained compliance with the minimum bid price requirement.Also, earlier this week, Nano Labs revealed its intention to allocate some excess liquidity to Bitcoin and hold it as a long-term str","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","NA":"毫微科技"},"translate_title":"中国无晶圆厂集成电路公司Nano Labs推出新V系列股价飙升：详情","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NA":0.9},"content_text":"Nano Labs Ltd (NASDAQ:NA) shares rose on Friday after the company launched its second-generation V Series crypto mining products.\nPowered by the advanced Cuckoo 3.0 chips, the V2, V2H, and V2X models set new benchmarks for performance and energy efficiency in the crypto-mining industry.\nThe V2H and V2X models deliver nearly four times the computing power of their first-generation counterparts, significantly enhancing power efficiency.\nThis makes the V2 Series one of the most efficient mining solutions on the market. In addition to performance improvements, the V2 Series features upgraded hardware, enhanced heat dissipation systems, and better resistance to high temperatures, ensuring more stable and cost-effective operation.\nAlso Read: Dollar Hits 2-Year High As European Recession Fears Hammer Euro, Pound\nNano Labs, which began crypto mining chip design in 2022, initially launched the B1L product featuring the Darkbird 1.0 chip for BTC mining. This was followed by the first-generation V1 Series, powered by the Cuckoo 2.0 chip for ETH mining.\nRecently, on November 18, Nano Labs received a notification letter from the Listing Qualifications Department of Nasdaq indicating that it has regained compliance with the minimum bid price requirement.\nAlso, earlier this week, Nano Labs revealed its intention to allocate some excess liquidity to Bitcoin and hold it as a long-term strategic reserve asset.\nPrice Action: NA shares are trading higher by 52.9% to $6.68 at last check Friday.\nRead Next:\n\nNovember Small-Cap Surge Could Carry Into December's Santa Rally, Historical Trends Suggest\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Chinese Fabless Integrated Circuit Company Nano Labs Stock Skyrockets With New V Series Launch: Details originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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