Nano Labs management commentary flags H1 2026 net loss driven by RMB 250.5 million cryptocurrency fair-value loss
NA•H1 2026 results
In management commentary on the six months ended June 30, 2026, Nano Labs posted net revenue of RMB 2.78 million, down from RMB 8.28 million.
Lower iPollo V Series mining-machine sales drove the drop in product revenue to RMB 2.43 million from RMB 7.93 million.
Net loss widened to RMB 316.7 million from RMB 11.78 million, led by a RMB 250.5 million loss on cryptocurrency fair-value changes.
Gross loss narrowed to RMB 5.85 million from RMB 10.71 million, while gross loss margin worsened to 210.4% from 129.3%.
Cryptocurrency holdings
Management highlighted BNB as the primary reserve asset, citing holdings near US$ 54 million in BNB and US$ 8.8 million in USDT.
