Litecoin value – Ebang Worldwide to Launch Litecoin and Dogecoin Mining Enterprise
HANGZHOU, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Ebang Worldwide Holdings Inc. (Nasdaq: EBON, the “Firm,” “we” or “our”), a blockchain know-how firm within the international market, right this moment held a board assembly and handed a decision (the “Decision”) to launch a Litecoin and Dogecoin mining enterprise (the “Enterprise”). In accordance with the Decision, the Firm plans to function its Litecoin (“LTC”) and Dogecoin (“Doge”) mining enterprise by adopting a mix of deploying self-manufactured mining machines and mining machines bought from different producers in addition to leasing computing powers from different mining farms and permit LTC and Doge to be mined concurrently.
Mr. Dong Hu, Chairman and CEO of the Firm, commented, “We are going to develop LTC and Doge mining on the idea of our Bitcoin mining enterprise. The event of the Enterprise will additional promote our associated cryptocurrency-focused companies and improve our income. We imagine this transfer will speed up the Firm’s transformation from solely a {hardware} producer to a diversified and vertically built-in blockchain firm with complete involvements within the blockchain trade worth chain.”
There isn’t any assure that the Firm’s operation of LTC and Doge mining enterprise will start as deliberate or in any respect, or that such enterprise operation will enhance the Firm’s monetary efficiency or outcomes of operation. Shareholders are cautioned to not place undue reliance on this press launch or the forward-looking statements therein.
About Ebang Worldwide Holdings Inc.
Ebang Worldwide Holdings Inc. is a blockchain know-how firm with sturdy application-specific built-in circuit (ASIC) chip design functionality. With years of trade expertise and experience in ASIC chip design, it has grow to be a number one bitcoin mining machine producer within the international market with regular entry to wafer foundry capability. With its licensed or registered entities in varied jurisdictions, the Firm seeks to launch knowledgeable, handy and modern digital asset monetary service platform to increase into the upstream and the downstream of blockchain and cryptocurrency trade worth chain. For extra data, please go to https://ir.ebang.com.cn/.
Protected Harbor Assertion
This press launch comprises forward-looking statements inside the which means of Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements embrace, with out limitation, the Firm’s growth plans and enterprise outlook, which will be recognized by terminology similar to “could,” “will,” “expects,” “anticipates,” “goals,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “proceed,” “more likely to” and different comparable expressions. Such statements usually are not historic info, and are primarily based upon the Firm’s present beliefs, plans and expectations, and the present market and working circumstances. Ahead-looking statements contain inherent recognized or unknown dangers, uncertainties and different components, all of that are tough to foretell and lots of of that are past the Firm’s management, which can trigger the Firm’s precise outcomes, efficiency and achievements to vary materially from these contained in any forward-looking assertion. Additional data concerning these and different dangers, uncertainties or components is included within the Firm’s filings with the U.S. Securities and Change Fee. These forward-looking statements are made solely as of the date indicated, and the Firm undertakes no obligation to replace or revise the data contained in any forward-looking statements because of new data, future occasions or in any other case, besides as required beneath relevant legislation.
Investor Relations Contact
For investor and media inquiries, please contact:
Ebang Worldwide Holdings Inc.
E mail: ir@ebang.com.cn
Ascent Investor Relations LLC
Ms. Tina Xiao
Tel: (917) 609-0333
E mail: tina.xiao@ascent-ir.com
Litecoin value – Ebang Worldwide to Launch Litecoin and Dogecoin Mining Enterprise
