HANGZHOU, China, Feb. 04, 2021 (GLOBE NEWSWIRE) — Ebang Worldwide Holdings Inc. (Nasdaq: EBON, the “Firm,” “we” or “our”), a blockchain know-how firm within the international market, at this time introduced that the Firm has accomplished the designing of a chip for simultaneous Litecoin (LTC) and Dogecoin (Doge) mining as an addition to our present portfolio of cryptocurrency mining chip designs. The Firm believes the brand new design will enable the Firm to assemble excessive efficiency cryptocurrency mining machines superior to different mining machines presently in the marketplace.
Mr. Dong Hu, Chairman and CEO of the Firm, commented, “The completion of the designing is a credit score to our elevated funding in R&D in recent times. We’ve made great efforts to construct up our R&D crew and speed up product iteration and innovation. Sooner or later, we’ll concentrate on growing extra mainstream cryptocurrency mining machines, and we’re contemplating designing extra mining chips suitable with a number of cryptocurrencies. We imagine it’s going to assist improve our income from the cryptocurrency mining enterprise and optimize our product providing construction alongside the blockchain business worth chain.”
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 business expertise and experience in ASIC chip design, it has develop into 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 numerous jurisdictions, the Firm seeks to launch knowledgeable, handy and progressive digital asset monetary service platform to develop into the upstream and the downstream of blockchain and cryptocurrency business worth chain. For extra data, please go to https://ir.ebang.com.cn/.
Secure Harbor Assertion
This press launch incorporates forward-looking statements inside the which means of Part 21E of the Securities Trade Act of 1934, as amended, and as outlined within the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements embody, with out limitation, the Firm’s improvement plans and enterprise outlook, which could be recognized by terminology akin to “could,” “will,” “expects,” “anticipates,” “goals,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “proceed,” “prone to” and different related expressions. Such statements should not historic details, and are based mostly upon the Firm’s present beliefs, plans and expectations, and the present market and working situations. Ahead-looking statements contain inherent identified or unknown dangers, uncertainties and different elements, 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 relating to these and different dangers, uncertainties or elements is included within the Firm’s filings with the U.S. Securities and Trade 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 underneath relevant regulation.
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
