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Ebang International, Bitcoin mining equipment firm, raises more than $100M in Nasdaq IPO

Ebang International Holdings, Inc. (NASDAQ:EBON) CFO Anthony Chen tells Proactive the application-specific integrated circuit (ASIC) chip design company and manufacturer of Bitcoin mining machines the firm has begun trading its shares on the Nasdaq.

Chen says the China-based firm has raised more than $100 million, and will use the funds towards manufacturing newer models of Bitcoin mining machines, upgrading its ASIC chips, launching a cryptocurrency exchange, and to set up new facilities.

Quick facts: Ebang International Holdings Inc

Price: 5.3 USD

NASDAQ:EBON
Market: NASDAQ
Market Cap: $694.49 m
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