HANGZHOU, China, Feb. 17, 2021 (World NEWSWIRE) — Ebang Worldwide Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology business in the global current market, these days held a board assembly and passed a resolution (the “Resolution”) to start Bitcoin mining enterprise. In accordance to the Resolution, the Business designs to run its Bitcoin mining business enterprise by adopting a blend of deploying self-made mining machines and mining equipment acquired from other manufacturers as perfectly as leasing computing powers from other mining farms. At the same time, the Corporation also expects to spend in info centre constructions to provide assist for Bitcoin mining activities.
Mr. Dong Hu, Chairman and CEO of the Firm, commented, “With the enhancement of Bitcoin mining organization, the Organization will not only just continue to posture alone as a Bitcoin mining machine producer. This go will raise our income in cryptocurrency small business and improve our product or service giving composition. We consider it will assist the Company’s transformation from a components manufacturer to a blockchain business with in depth involvements in its sector chain.”
There is no promise that the Company’s operation of Bitcoin mining organization will begin as prepared or at all, or that these types of small business procedure will make improvements to the Company’s monetary performance or success of procedure. Shareholders are cautioned not to spot undue reliance on this push release.
About Ebang Worldwide Holdings Inc.
Ebang Global Holdings Inc. is a blockchain engineering firm with potent software-certain integrated circuit (ASIC) chip layout functionality. With decades of field working experience and know-how in ASIC chip design, it has turn out to be a main bitcoin mining machine producer in the global current market with continuous obtain to wafer foundry capability. With its licensed or registered entities in several jurisdictions, the Corporation seeks to start a experienced, effortless and progressive digital asset fiscal service system to increase into the upstream and the downstream of blockchain and cryptocurrency business benefit chain. For much more details, be sure to visit https://ir.ebang.com.cn/.
Risk-free Harbor Assertion
This press release consists of forward-searching statements within the indicating of Part 21E of the Securities Trade Act of 1934, as amended, and as outlined in the U.S. Personal Securities Litigation Reform Act of 1995. These ahead-on the lookout statements include, without the need of limitation, the Company’s growth ideas and small business outlook, which can be determined by terminology these as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to” and other very similar expressions. These types of statements are not historic info, and are primarily based upon the Company’s present beliefs, ideas and anticipations, and the present-day sector and working conditions. Forward-hunting statements include inherent recognised or not known hazards, uncertainties and other factors, all of which are tough to forecast and lots of of which are beyond the Company’s handle, which may well bring about the Company’s actual success, general performance and achievements to differ materially from those people contained in any ahead-searching assertion. Even further data with regards to these and other risks, uncertainties or factors is integrated in the Company’s filings with the U.S. Securities and Trade Fee. These ahead-searching statements are designed only as of the day indicated, and the Organization undertakes no obligation to update or revise the facts contained in any ahead-looking statements as a outcome of new information and facts, foreseeable future activities or in any other case, other than as necessary underneath relevant law.
Investor Relations Get in touch with
For trader and media inquiries, please get in touch with:
Ebang Worldwide Holdings Inc.
Electronic mail: [email protected]
Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: (917) 609-0333
Email: [email protected]
