PANews reported on December 12 that according to PR Newswire, Nano Labs (Nasdaq: NA), a crypto mining chip design company, announced that its previously announced private placement has been completed, issuing 5,611,459 Class A common shares at a purchase price of $6.46 per share, with total proceeds of approximately $36.25 million. As previously stated, the total purchase price was paid in US dollars, Bitcoin and USDT.