PANews reported on December 31 that Nano Labs Ltd (NASDAQ: NA), a crypto mining chip design company, announced that its wholly-owned subsidiary Tsuki HK Limited has officially changed its name to Nano bit HK Limited. This strategic reshaping marks that Nano bit HK Limited will focus on developing Bitcoin-related businesses and ecosystem plans, becoming an important milestone in the company's global technology innovation and ecosystem strategy.
As Cointelegraph reported earlier this month, Nano Labs plans to purchase and hold $50 million worth of Bitcoin over the next five years .
