Nano Labs Files Full H1 2026 Financials: RMB316.7M Loss, New Arbitration Claims, and Crypto Treasury Details
NA sits 60% above its 52-week low of $1.58 on light trading volume (0.2× avg).
Summary
Nano Labs filed full H1 2026 financials confirming a RMB316.7M net loss from crypto fair-value declines, with new arbitration claims and debt refinancing disclosed. Core mining revenue collapsed 66% while the company leans on its BNB treasury for liquidity.
Key Events · Earnings and Guidance · NA
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H1 2026 Net Loss of RMB316.7M
Net loss widened from RMB11.8M in H1 2025 to RMB316.7M (US$46.5M) in H1 2026, driven by a RMB250.5M non-cash fair-value loss on BNB holdings as crypto prices declined.
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Core Mining Revenue Collapses 66%
Net revenues fell to RMB2.8M from RMB8.3M year-over-year, with gross loss margin worsening to 210.4% as product sales volume of iPollo V Series declined sharply.
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New Arbitration Claims Disclosed
Two arbitration claims were filed against subsidiaries in June 2026: a customer demanding RMB1.6M for alleged contract breach and a vendor demanding RMB5.6M for pre-contractual negligence.
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Crypto Treasury Details Revealed
As of June 30, 2026, the company held 103,357 BNB (fair value RMB383.6M) and 1,437,052 USDT (RMB9.8M), with RMB24.6M in BNB pledged as collateral for crypto borrowings.
Analysis · NA · Manufacturing
The full interim financial statements confirm the previously reported RMB316.7M (US$46.5M) H1 2026 net loss, driven by a RMB250.5M non-cash fair-value loss on BNB holdings as crypto prices fell. The filing adds material new disclosures: two arbitration claims filed against subsidiaries in June 2026 totaling RMB7.2M in demanded payments, subsequent debt refinancing and share repurchases, and detailed crypto holdings showing 103,357 BNB and 1,437,052 USDT as of June 30, 2026. The core mining machine business continues to deteriorate — revenue fell 66% year-over-year to RMB2.8M while gross loss margin widened to 210.4%. With only RMB9.0M in cash and RMB393.4M in crypto assets, liquidity depends heavily on volatile BNB prices.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NA was trading at $2.53 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $54.8M. The 52-week trading range was $1.58 to $6.10. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.