Nano Labs (NASDAQ: NA) shares surged 9.67% in pre-market trading on Thursday, July 17, 2025, reaching $9.30, up from the previous closing price of $8.48.
The boost comes as Nano Labs Ltd announced the appointment of Dr. Kailong Cai as CEO of its wholly-owned subsidiary, Nano Bit HK Limited. Dr. Cai will lead Nano Bit (NBTC)’s strategic upgrade and manage its global operations, signaling a key move in the company’s development as a publicly listed cryptocurrency reserve enterprise.
