Ebang International Completes 6 nm ASIC Chip Designing for Bitcoin Mining Machines
March 17 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 it has completed a 6 nm ASIC chip
designed for Bitcoin mining machines, which is expected to have a
competitive edge in the market in terms of performance. The Company
plans to begin volume production of its 6 nm chip when it
determines market conditions become suitable.
Mr. Dong Hu, Chairman and CEO of the Company,
commented, “The completion of our 6 nm ASIC chip is a significant
milestone of our constant R&D efforts in recent years. We have
devoted a lot of resources in building our R&D team and product
innovation and iteration. Looking forward, we plan
to continue developing ASIC chips designed for more mainstream
cryptocurrency machines, which we believe will increase our revenue
in the digital currency business and optimize our product offering
structure along the blockchain industry value chain.”
There is no guarantee that the Company will be
able to commercialize its 6 nm ASIC chip design as planned or at
all, or that such commercialization will improve the Company’s
financial performance or results of operations. Shareholders are
cautioned not to place undue reliance on this press release or the
forward-looking statements contained herein.
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
statements involve inherent known or unknown risks, uncertainties
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 ContactFor
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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