Ebang International Holdings

Ebang International Holdings, Inc. is a blockchain technology company, which engages in the research and development of ASIC chip technology used in blockchain applications in China. It also manufactures bitcoin mining machines. The company was founded by Dong Hu in January 2010 and is headquartered in Hangzhou, China.

HANGZHOU, China, April 01, 2021 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced its pricing of a best-effort follow-on public offering of 14 million units at a purchase price of US$6.10 per unit. Each unit consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share of the Company. Each two warrants will have an exercise price of US$6.59 per Class A ordinary share and will expire 5 years from issuance. On March 31, 2021, the Company entered into Securities Purchase Agreements with institutional investors that have agreed to purchase an aggregate of 14 million units at the closing. The units, the warrants, and the ordinary shares underlying the units and the warrants have been registered pursuant to a registration statement declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2021. The Company expects to close the offering on or around April 6, 2021, subject to customary closing conditions.

Ebang International Announces Pricing of Follow-on Public Offering

The stock price of Ebang International Holdings Inc (NASDAQ: EBON) increased by 9.72% today. This is why it happened.

EBON Stock Price Increased 9.72%: Why It Happened

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Blockchain Stocks: Why EBON, RIOT, CAN and MARA Stocks Are on the Move Today

The stock price of Ebang International Holdings Inc (NASDAQ: EBON) has increased by over 5% pre-market. This is why it happened.

EBON Stock Price Increases Over 5% Pre-Market: Why It Happened

Bitcoin is sending the stock on a wild ride again.

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The stock price of Ebang International Holdings Inc (NASDAQ: EBON) has increased by 35.24% yesterday. This is why it happened.

EBON Stock Price Increased 35.24%: Why It Happened

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Ebang International (EBON) stock is on the rise Friday after announcing plans to launch a beta of its cryptocurrency exchange. The post EBON Stock: Crypto Play Ebang International Soars on Blockchain Beta Testing News appeared first on InvestorPlace.

EBON Stock: Crypto Play Ebang International Soars on Blockchain Beta Testing News

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The blockchain company is ramping up its mining operations.

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New York, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Univest Securities, LLC, a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York (“Univest”), today announced the completion of a previously announced best-effort follow-on offering by and between its client Ebang International Holdings Inc. (Nasdaq: EBON) (the “Company”), a blockchain technology company in the global market and several institutional investors (the “Investors”), and the sale of an additional 5.2 million units (“Units,” each, a “Unit”) for a total of 19.2 million Units, all of which were registered pursuant to the Registration Statement on Form F-1 (File No. 333-252804), as amended by Form F-1MEF (File No. 333-252979)(the “Registration Statement”), for which Univest acted as the exclusive agent. The Company intends to use the net proceeds from the offering primarily for research, development, production and sales of ASICs and equipment related to cryptocurrencies, expansion of its cryptocurrency mining business as well as establishment and operation of cryptocurrency mining farms, and general corporate purposes, which may include working capital needs and other corporate uses.

Univest Securities, LLC. Announces Completion of $96 Million Follow-on Offering and Exercise of Warrants for up to Approximately $72.4 Million for its Client Ebang International Holdings Inc. (Nasdaq: EBON)

HANGZHOU, China, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced the completion of the previously announced offering by and between the Company and several institutional investors (the “Investors”), and the sale of an additional 5.2 million units (“Units,” each, a “Unit”) for a total of 19.2 million Units, all of which were registered pursuant to the Registration Statement on Form F-1 (File No. 333-252804), as amended by Form F-1MEF (File No. 333-252979)(the “Registration Statement”). The Company intends to use the net proceeds from the offering primarily for research, development, production and sales of ASICs and equipment related to cryptocurrencies, expansion of its cryptocurrency mining business as well as establishment and operation of cryptocurrency mining farms, and general corporate purposes, which may include working capital needs and other corporate uses.

Ebang International Announces Completion of Follow-on Public Offering and Exercise of Warrants for Approximately $72.4 Million in Gross Proceeds

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The stock price of Ebang International Holdings Inc (NASDAQ: EBON) is trading at over 20% pre-market. This is why it happened.

EBON Stock Price Increases Over 20% Pre-Market

HANGZHOU, China, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch Bitcoin mining business. According to the Resolution, the Company plans to operate its Bitcoin mining business by adopting a combination of deploying self-manufactured mining machines and mining machines purchased from other manufacturers as well as leasing computing powers from other mining farms. At the same time, the Company also expects to invest in data center constructions to provide support for Bitcoin mining activities.

Ebang International to Launch Bitcoin Mining Business

Newly-listed Ebang International Holdings makes Bitcoin mining machines and is all set to launch a cryptocurrency exchange in Q1 2021. Bitcoin mining depends on the currency's price and the hash rate. It's best exploited by people who have access to cheap power.

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News for Ebang International Holdings Stock (EBON)