Miner Maker Ebang Reports ‘Significant’ Profit Drop in New IPO Filing
Crypto miner maker Ebang has refiled its draft IPO prospectus in Hong Kong, indicating a downturn in business in Q3.
The Chinese firm also revealed its anticipated share price in its updated filing with the U.S. SEC.
Bitcoin mining hardware manufacturer Ebang wants to raise $100 million through a U.S. IPO. But that could be a risky investment, CoinDesk Research's Matt Yamamoto reports.
Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.
Ebang International Holdings, one of the leading makers of bitcoin mining equipment, is taking another stab at going public, this time in the U.S.
The CEO of the Hong Kong Stock Exchange has seemingly questioned the IPO viability of crypto mining companies in new comments.