- Dr. Kailong Cai appointed CEO of Nano Labs' subsidiary, Nano bit HK Limited, to lead global crypto reserve strategy.
- The appointment aligns with Nano Labs' aim to become a leading cryptocurrency reserve enterprise in Asia.
- Dr. Cai brings extensive experience from Jasper Crypto Fund and Huobi Group, as well as Wall Street expertise.
HONG KONG, July 17, 2025 — Nano Labs Ltd (NASDAQ: NA), a prominent Web 3.0 infrastructure and product solution provider in China, announced the appointment of Dr. Kailong Cai as the CEO of its wholly-owned subsidiary, Nano bit HK Limited. This strategic move marks a pivotal step in the company's transition from a focus on Web 3.0 infrastructure to becoming a public cryptocurrency reserve enterprise.
Dr. Cai, who holds a Ph.D. in finance, is a veteran in crypto finance, with significant international exposure, having worked as a partner at Jasper Crypto Fund from 2020 to 2025. He also served as chief strategy officer at Huobi Group (now HTX) and led its U.S. subsidiary, driving the company's globalization strategy. With over six years of experience at Deutsche Bank on Wall Street, Dr. Cai specializes in financial product innovation and risk management, wielding profound expertise in fintech, blockchain, and asset management.
Under Dr. Cai's leadership, Nano Labs plans to accelerate its cryptocurrency asset reserves, optimize its asset-liability structure using capital market instruments, and expand its global reach. This strategic alignment will enhance the company's ability to offer institutional investors transparent access to crypto asset allocation, while navigating the regulatory complexities and volatilities associated with cryptocurrency markets.
Dr. Jianping Kong, Chairman and CEO of Nano Labs, expressed confidence in Dr. Cai's capabilities to guide the company towards establishing itself as a leading crypto reserve company in Asia. Dr. Cai reiterated his commitment to advancing Nano Labs' strategic vision by leveraging emerging market trends and technological advancements.
About Nano Labs Ltd: Based in Hangzhou, China, Nano Labs Ltd is a leader in developing high throughput computing (HTC) and high-performance computing (HPC) chips, with a strategic focus on digital assets. The company has integrated its product solutions across multiple business verticals, including HTC and HPC solutions, while maintaining a substantial reserve of mainstream digital currencies.
