logo-loader
viewEbang International Holdings Inc

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: 4.85 USD

NASDAQ:EBON
Market: NASDAQ
Market Cap: $635.52 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Heritage Cannabis adds to their stable by acquiring Colorado CBD company...

Heritage Cannabis (CSE: CANN-OTCQX: HERTF) CEO Clint Sharples joined Steve Darling from Proactive Vancouver with news the company has acquired Colorado Based CBD company Opticann Inc. Sharples telling Proactive this give Heritage access to a very experienced management team and also oral and...

55 minutes ago

2 min read