Nano Labs reported a net loss of RMB 316.7 million (approximately $46.5 million) for the first half of 2026, significantly higher than the RMB 11.8 million loss in the same period last year. The increased loss was primarily due to a decline in sales of iPollo V-series products and a loss of RMB 250.5 million (approximately $36.8 million) from changes in the fair value of cryptocurrencies, mainly attributable to the drop in BNB prices. Kong Jianping, Chairman and CEO of the company, stated that Nano Labs is expanding into the AI and Web3 sectors through its iPollo ClawPC A1 Mini and its OpenClaw ecosystem, aiming to develop interconnected hardware, software, and commercial applications that combine blockchain and AI capabilities. As of the interim report date, Nano Labs holds 30,000 BNB as long-term reserves and continues to execute a share repurchase program of up to $25 million, having repurchased $3.2 million worth of shares as of August 26.