Ebang is following in the footsteps of Bitmain and Canaan and is set to file for an IPO in the U.S. The valuation of the company is yet to be revealed
After taking a huge hit in 2018, cryptocurrency mining has bounced back and the industry is now booming, a report by Token Insight has indicated.
A listed construction firm in China has been exposed as operating a secret crypto mining business, after it was reportedly sold at a heavy discount after substantial losses.
Ebang is said to be on track to produce 400,000 crypto mining units this year, up from the 309,000 mining units sold in the first six months of 2018, according to local reports.
SEHK CEO Charles Li Xiaojia responded to media questions about the status of initial public offering (IPO) applications of three cryptocurrency mining hardware manufacturers—Bitmain Technology, Canaan Creative, and Ebang International Holdings.
Ebang has reported “significant decreases” in both revenues and gross profit over the third quarter of the year, in a refiling of its draft IPO prospectus with the Hong Kong Stock Exchange.