Why Miner Maker Ebang’s US IPO Raises More Questions Than Answers
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.
Nasdaq-listed bitcoin miner manufacturer Ebang said the pandemic had disrupted its supply chain and led to a significant drop in revenue.
Affected mining centers in the area may see a notable increase in electricity costs.
The move is part of the bitcoin mining machine producer's plan to build a digital asset financial service platform.
Ebang, one of the major manufacturers of bitcoin mining equipment, hopes an exchange could double total revenue by 2022.
The Chinese firm also revealed its anticipated share price in its updated filing with the U.S. SEC.