Ebang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely, as well as offers routine maintenance services. In addition, the company engages in the research, development, manufacture, and sale of fiber optical telecommunication products, including PDH fiber optical multiplexers, E+E fiber optical multiplexers, 1+1 dual fiber interface back-up fiber optical multiplexers, voice fiber optical multiplexers, date video fiber optical multiplexers, fiber modems, protocol converters, optical fiber transceivers, timeslot multiplexers, PAS repeaters, and others, as well as transmission network and converged communication products. Further, it offers enterprise convergent terminal products, including gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. The company offers Bitcoin mining machines under the Ebit brand. It serves blockchain and telecommunications industries. The company sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. Ebang International Holdings Inc. was incorporated in 2018 and is headquartered in Hangzhou, China.
IPO Year: 2020
Exchange: NASDAQ
Website: ebang.com.cn
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SINGAPORE, April 26, 2024 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology and Fintech company, today announced its financial results for the fiscal year ended December 31, 2023. Operational and Financial Highlights for Fiscal Year 2023 Total net revenues in the 2023 fiscal year decreased by 85.0% to US$4.9 million, from US$32.3 million in the 2022 fiscal year. Gross loss in the 2023 fiscal year was US$16.7 million, compared to a gross profit of US$15.4 million in the 2022 fiscal year. Net loss in the 2023 fiscal year was US$38.0 million, compared to US$45.8 million in the 2022 fiscal year. M
HANGZHOU, China, April 28, 2023 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology and Fintech company, today announced its financial results for the fiscal year ended December 31, 2022. Operational and Financial Highlights for Fiscal Year 2022 Total computing power sold in fiscal year 2022 was 0.41 million Thash/s, representing a year-over-year decrease of 72.27% from 1.47 million Thash/s in fiscal year 2021. Total net revenues in fiscal year 2022 were US$32.33 million, representing a 37.17% year-over-year decrease from US$51.45 million in fiscal year 2021. Gross profit in fiscal year 2022 was US$15.41 m
HANGZHOU, China, April 29, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology company, today announced its financial results for the fiscal year ended December 31, 2021. Operational and Financial Highlights for Fiscal Year 2021 Total computing power sold in fiscal year 2021 was 1.50 million Thash/s, representing a year-over-year increase of 200% from 0.50 million Thash/s in fiscal year 2020. Total net revenues in fiscal year 2021 were US$51.45 million representing an 170.73% year-over-year increase from US$19.00 million in fiscal year 2020. Gross profit in fiscal year 2021 was US$29.22 million compar
HANGZHOU, China, April 30, 2021 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a blockchain technology company in the global market, today announced its financial results for the fiscal year ended December 31, 2020. Operational and Financial Highlights for Fiscal Year 2020 Total computing power sold in fiscal year 2020 was 0.50 million TH/s, representing a year-over-year decrease of 91.64% from 5.97 million TH/s in fiscal year 2019. Total net revenues in fiscal year 2020 were US$19.00 million representing an 82.57% year-over-year decrease from US$109.06 million in fiscal year 2019. Gross loss in fiscal year 2020 was US$2.90 million
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SINGAPORE, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), today announced its unaudited financial results for the first six months of fiscal year 2024. Operational and Financial Highlights for the First Six Months of Fiscal Year 2024 Total net revenues in the first six months of 2024 were US$2.11 million, representing a 37.41% period-over-period decrease from US$3.38 million in the same period of 2023. Gross profit in the first six months of 2024 was US$0.08 million compared to the gross profit of US$0.28 million in the same period of 2023. Net loss in the first six months of 2024 was US$6.65 million compared to US$8.
SINGAPORE, April 26, 2024 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology and Fintech company, today announced its financial results for the fiscal year ended December 31, 2023. Operational and Financial Highlights for Fiscal Year 2023 Total net revenues in the 2023 fiscal year decreased by 85.0% to US$4.9 million, from US$32.3 million in the 2022 fiscal year. Gross loss in the 2023 fiscal year was US$16.7 million, compared to a gross profit of US$15.4 million in the 2022 fiscal year. Net loss in the 2023 fiscal year was US$38.0 million, compared to US$45.8 million in the 2022 fiscal year. M
SINGAPORE, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology and Fintech company, today announced its unaudited financial results for the first six months of fiscal year 2023. Operational and Financial Highlights for the First Six Months of Fiscal Year 2023 Total net revenues in the first six months of 2023 were US$4.09 million, representing an 83.69% period-over-period decrease from US$25.06 million in the same period of 2022. Gross profit in the first six months of 2023 was US$0.99 million compared to the gross profit of US$14.24 million in the same period of 2022. Net loss in the first s
HANGZHOU, China, April 28, 2023 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology and Fintech company, today announced its financial results for the fiscal year ended December 31, 2022. Operational and Financial Highlights for Fiscal Year 2022 Total computing power sold in fiscal year 2022 was 0.41 million Thash/s, representing a year-over-year decrease of 72.27% from 1.47 million Thash/s in fiscal year 2021. Total net revenues in fiscal year 2022 were US$32.33 million, representing a 37.17% year-over-year decrease from US$51.45 million in fiscal year 2021. Gross profit in fiscal year 2022 was US$15.41 m
HANGZHOU, China, March 14, 2023 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company", "we" or "our"))), a global blockchain technology company, today announced that its cryptocurrency exchange platform, Ebonex, has no exposure incurred in events relating to Silvergate Bank, Signature Bank and Silicon Valley Bank. Mr. Dong Hu, Chairman, Chief Executive Officer of the Company, commented, "We have been committed to providing customers with a safe trading platform, therefore we have maintained a diversified set of banking partners to limit various potential or unknown risk, and our financial health and capital liquidity remains strong. All customer funds remain se
HANGZHOU, China, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology company, today announced that the Company's shareholders have approved the 1-for-30 reverse split of its issued and outstanding ordinary shares (the "Reverse Stock Split") at the Company's extraordinary general meeting on November 20, 2022 at 8:00 a.m. (Singapore Time). The Reverse Stock Split will become effective after the close of trading day on Monday, November 21, 2022 (the "Effective Date"), which will help ensure that the Company's Class A ordinary shares will continue to be listed on The Nasdaq Global Select Market. The
HANGZHOU, China, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company, " "we" or "our"))), a global blockchain technology company, today announced its unaudited financial results for the first six months of fiscal year 2022. Operational and Financial Highlights for the First Six Months of Fiscal Year 2022 Total computing power sold in the first six months of 2022 was 0.32 million Thash/s, representing a period-over-period decrease of 60.00% from 0.80 million Thash/s in the same period of 2021. Total net revenues in the first six months of 2022 were US$25.06 million, representing a 36.97% period-over-period increase from US$18.30 million in the s
SYDNEY, Australia, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company", "we" or "our"))), a global blockchain technology company, today announced that its Australian cryptocurrency exchange platform, Ebonex, has collaborated with Mastercard to enable a new crypto-linked card. Ebonex allows customers to buy, sell and trade crypto assets. This collaboration with Mastercard will give Ebonex customers the flexibility to spend their crypto holdings anywhere Mastercard is accepted by seamlessly converting it into fiat currency the merchant accepts. With this collaboration, Ebonex becomes the first Australian cryptocurrency exchange to be granted Maste
HANGZHOU, China, June 24, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON) (the "Company", "we" or "our"), a global blockchain technology company, today announced that the Company had received a notification letter (the "Notice"), dated June 17, 2022, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is currently not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market, as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"), because the closing bid price of the Company's Class A ordinary shares, par value HK$0.001
HANGZHOU, China, June 16, 2022 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (NASDAQ:EBON, the "Company", "we" or "our"))), a global blockchain technology company, today announced that the Company intends to obtain a Money Service Operator License (the "MSO License") from the Hong Kong Customs and Excise Department. If and when obtained, the MSO License will allow the Company to operate a money service in Hong Kong as either a money changing service and/or a remittance service in Hong Kong. This decision to pursue the MSO License represents another major strategic initiative of the Company in further developing its global collection and payment business following the successful acq