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Nano Labs Shares Drop 9% as BNB Reserve Strategy Fails to Offset $1.6M Loss
Nano Labs Shares Drop 9% as BNB Reserve Strategy Fails to Offset $1.6M Loss
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[TRADE_PLUGIN]BNBUSDT,BNBUSDT[/TRADE_PLUGIN]
BNB News -
Nano Labs Ltd (Nasdaq: NA) shares fell 9.78% to $4.06 after reporting a $1.6M net loss in its H1 2025 earnings. Despite narrowing losses through crypto gains, revenue collapsed to $1.2M (down from $24.7M YoY) due to weak iPollo V Series mining rig sales.
The company's shift toward BNB reserves failed to stabilize investor sentiment, as operational pressures and higher borrowing costs dominated. Gross losses expanded to $1.5M, though operating expenses were reduced to $3.8M via workforce and marketing cuts. Persistent hardware challenges continue to raise doubts about its crypto-focused business model.
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