Nano Labs, a China-based crypto mining chip designer, announced that it is now accepting Bitcoin as payment for its goods and services.
This move is part of the company's commitment to embracing the latest in financial technology and responding to the growing demand for digital currency transactions in the technology sector.
While adopting Bitcoin will provide greater payment flexibility, Nano Labs did not disclose details about keeping the cryptocurrency on its balance sheet.
Shares in the company rose 2.81% to $3.29 following the announcement, although it hasn't fully recovered from a recent share slump.