NA · NASDAQ · Semiconductors

Nano Labs (ADR) (NA)

Designs computing chips for crypto mining and operates a BNB-focused crypto treasury.

$2.40
vs last close+0.05 (+2.13%)
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Nano Labs LtdNA
Information Technology

Develops high-throughput and high-performance computing chips, primarily for cryptocurrency mining, and iPollo Claw hardware for the OpenClaw AI Agent Ecosystem. Operations are conducted through China and Hong Kong subsidiaries, while the Cayman holding company has no material operations.

High-throughput and high-performance computing chips are the core products, chiefly designed for Bitcoin, Ethereum Classic and Grin mining. iPollo Claw is dedicated hardware for the OpenClaw AI Agent Ecosystem.

Operations are carried out mainly through China and Hong Kong subsidiaries, with the Cayman holding company itself having no material operations. Demand and pricing for mining products are affected by expected mining returns and cryptocurrency prices.

A cryptocurrency-treasury business was later added, with BNB adopted as the primary reserve asset. The business therefore combines mining-oriented chip products with digital-asset treasury activity.

Company facts

CEOJianping Kong
ListedJul 12, 2022
ExchangeNASDAQ
HeadquartersHangzhou, China
CountryChina
Employees67
CIK0001872302
ISINKYG6391Y1281

Market cap$158.2M
EPS (ttm)−$0.5621
P/E (ttm)−4.18
ROE23,549.3%
P/B2.64
P/S0.0392
Dividend yieldDiv yield
Beta0.79vs XLK 0.22

No analyst consensus on record.

EPSReportedEstimate

Aug '23Jan '24Mar '24Sep '24Mar '25Apr '25Aug '25Aug '26
Reported−$0.17$0.07−$0.68−$0.06−$0.41−$0.03−$0.03−$1.01
Estimate
Surprise

RevenueReportedEstimate

Aug '23Jan '24Mar '24Sep '24Mar '25Apr '25Aug '25Aug '26
Reported$3.6M$1.8M$1.8M$1.7M$1.1M$568.8K$577.6K$204.7K
Estimate$577.6K
Surprise0.0%
Estimate
Reported−$1.01
Estimate
Reported$204.7K
View details

Debt to equity57.30%
Current ratio119.80%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.2M$1.2M$619.3K$619.3K$1.4M$4.04B$207.7K$207.7K
Net income−$4.2M−$4.2M−$527.4K−$527.4K$10.7M$20.26B−$23.1M−$23.1M
Net margin0.0%0.0%0.0%0.0%761.2%501.6%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.0M−$3.0M−$2.8M−$2.8M$8.2M$10.68B−$21.8M−$21.8M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedTurned profitTurned profitLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $18.2M · Total debt $34.3M · Total assets $110.2M · Shareholders' equity $59.8M

Revenue
$207.7K
Operating income
−$21.8M
Net income
−$23.1M

Reported in CNY, converted at the latest exchange rate

View details

No dividends on record.

Insiders1.09%730.7K ADS
3 holders · as of Sep 2, 2026
Other98.91%66.60M ADS
remainder

67.33M ADS as of Sep 11, 2026 · holders as of their latest filing

The share count is from the company's Jan 2024 annual report; nothing newer is on file here.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Nan HuInsiderdirector
0.63%422,155 A ordinaryfiled Sep 2, 2026
LI Leona ZHANGInsiderdirector
0.31%208,550 A ordinaryfiled Mar 31, 2026
Bing Yi ChenInsiderofficer: CFO
0.15%100,000 A ordinaryfiled Mar 27, 2026
BROOKFIELD Corp /ON/1Strategic10 percent owner
filed Nov 13, 2024
Brookfield Asset Management Ltd.1Strategic10 percent owner
filed Nov 13, 2024
  1. The filed share classes (C, E, I) could not be matched to the company's, so no percentage.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 1, 2026Nan Hudirector−9,165$2.25
Apr 28, 2026Nan Hudirector−4,631$2.01
Apr 27, 2026Nan Hudirector−1,000$2.68
Apr 20, 2026Nan Hudirector−2,692$2.70
Apr 17, 2026Nan Hudirector−1,623$2.86
View details

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Compare

CompanyPriceChange
Nano Labs (ADR)$2.40+2.13%$158.2M0.0−64.6%
Canaan (ADR)$0.4081−2.16%$195.9M0.4+128.4%
Bitdeer$13.01−1.03%$3.07B3.8+47.1%
Intchains Group (ADR)$0.9686+4.89%$28.1M6.73.1−72.7%
AMD$618.20+0.44%$1.00T157.855.224.3+50.1%
Median157.830.93.4+48.6%