Ebang Worldwide (EBON) to Launch Litecoin and Dogecoin Mining Enterprise

February 25, 2021 9:01 AM EST

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Ebang Worldwide Holdings Inc. (Nasdaq: EBON, the “Firm,” “we” or “our”), a blockchain know-how firm within the international market, immediately held a board assembly and handed a decision (the “Decision”) to launch a Litecoin and Dogecoin mining enterprise (the “Enterprise”). Based on the Decision, the Firm plans to function its Litecoin (“LTC”) and Dogecoin (“Doge”) mining enterprise by adopting a mixture of deploying self-manufactured mining machines and mining machines bought from different producers in addition to leasing computing powers from different mining farms and permit LTC and Doge to be mined concurrently.

Mr. Dong Hu, Chairman and CEO of the Firm, commented, “We’ll develop LTC and Doge mining on the premise of our Bitcoin mining enterprise. The event of the Enterprise will additional promote our associated cryptocurrency-focused companies and improve our income. We consider this transfer will speed up the Firm’s transformation from solely a {hardware} producer to a diversified and vertically built-in blockchain firm with complete involvements within the blockchain business worth chain.”

There isn’t any assure that the Firm’s operation of LTC and Doge mining enterprise will start as deliberate or in any respect, or that such enterprise operation will enhance the Firm’s monetary efficiency or outcomes of operation. Shareholders are cautioned to not place undue reliance on this press launch or the forward-looking statements therein.

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