Ebang International Completes Chip Designing for Simultaneous Litecoin and Dogecoin Mining
February 04 2021 - 8:30AM
Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,”
“we” or “our”), a blockchain technology company in the global
market, today announced that the Company has completed the
designing of a chip for simultaneous Litecoin (LTC) and Dogecoin
(Doge) mining as an addition to our current portfolio of
cryptocurrency mining chip designs. The Company believes the new
design will allow the Company to construct high performance
cryptocurrency mining machines superior to other mining machines
currently on the market.
Mr. Dong Hu, Chairman and CEO of the Company,
commented, “The completion of the designing is a credit to our
increased investment in R&D in recent years. We have made
tremendous efforts to build up our R&D team and accelerate
product iteration and innovation. In the future, we will focus on
developing more mainstream cryptocurrency mining machines, and we
are considering designing more mining chips compatible with
multiple cryptocurrencies. We believe it will help increase our
revenue from the cryptocurrency mining business and optimize our
product offering structure along the blockchain industry value
chain.”
About Ebang International Holdings
Inc.
Ebang International Holdings Inc. is a
blockchain technology company with strong application-specific
integrated circuit (ASIC) chip design capability. With years of
industry experience and expertise in ASIC chip design, it has
become a leading bitcoin mining machine producer in the global
market with steady access to wafer foundry capacity. With its
licensed or registered entities in various jurisdictions, the
Company seeks to launch a professional, convenient and innovative
digital asset financial service platform to expand into the
upstream and the downstream of blockchain and cryptocurrency
industry value chain. For more information, please
visit https://ir.ebang.com.cn/.
Safe Harbor Statement
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, without limitation, the
Company’s development plans and business outlook, which can be
identified by terminology such as “may,” “will,” “expects,”
“anticipates,” “aims,” “potential,” “future,” “intends,” “plans,”
“believes,” “estimates,” “continue,” “likely to” and other similar
expressions. Such statements are not historical facts, and are
based upon the Company’s current beliefs, plans and expectations,
and the current market and operating conditions. Forward-looking
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and other factors, all of which are difficult to predict and many
of which are beyond the Company’s control, which may cause the
Company’s actual results, performance and achievements to differ
materially from those contained in any forward-looking statement.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. These forward-looking
statements are made only as of the date indicated, and the Company
undertakes no obligation to update or revise the information
contained in any forward-looking statements as a result of new
information, future events or otherwise, except as required under
applicable law.
Investor Relations Contact
For investor and media inquiries, please
contact:
Ebang International Holdings
Inc.Email: ir@ebang.com.cn
Ascent Investor Relations LLCMs. Tina XiaoTel:
(917)
609-0333Email: tina.xiao@ascent-ir.com
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