Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Mingming Su was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • Nov 22
Ebang International Holdings Inc. to Effect Reverse Stock Split Ebang International Holdings Inc. announced that the Company’s shareholders have approved the 1-for-30 reverse split of its issued and outstanding ordinary shares (the "Reverse Stock Split") at the Company’s extraordinary general meeting on November 20, 2022 at 8:00 a.m. (Singapore Time). The Reverse Stock Split will become effective after the close of trading day on Monday, November 21, 2022 (the "Effective Date"), which will help ensure that the Company’s Class A ordinary shares will continue to be listed on The Nasdaq Global Select Market. The Company anticipates that its Class A ordinary shares will begin trading on a split-adjusted basis when the market opens on Tuesday, November 22, 2022. The Reverse Stock Split is primarily intended to bring the Company into compliance with the minimum bid price requirement for maintaining its listing on The Nasdaq Global Select Market. The Company's Class A ordinary shares will continue to trade on The Nasdaq Global Select Market under the existing symbol "EBON" and the new CUSIP number for the Company’s Class A ordinary shares following the Reverse Stock Split will be G3R33A 205. Reported Earnings • Nov 19
First half 2022 earnings released: US$0.054 loss per share (vs US$0.021 loss in 1H 2021) First half 2022 results: US$0.054 loss per share (further deteriorated from US$0.021 loss in 1H 2021). Revenue: US$25.1m (up 37% from 1H 2021). Net loss: US$10.1m (loss widened 181% from 1H 2021). お知らせ • Aug 06
Ebang International Holdings Inc. Launches New Ebonex Crypto-Linked Payment Cards Powered by Mastercard Ebang International Holdings Inc. announced that its Australian cryptocurrency exchange platform, Ebonex, has collaborated with Mastercard to enable a new crypto-linked card. Ebonex allows customers to buy, sell and trade crypto assets. This collaboration with Mastercard will give Ebonex customers the flexibility to spend their crypto holdings anywhere Mastercard is accepted by seamlessly converting it into fiat currency the merchant accepts. With this collaboration, Ebonex becomes the first Australian cryptocurrency exchange to be granted Mastercard’s Principal Member status for issuance of crypto-funded Mastercard payment cards. お知らせ • Jun 25
Ebang International Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency Ebang International Holdings Inc. announced that the Company had received a notification letter (the “Notice”), dated June 17, 2022, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is currently not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Global Select Market, as set forth under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), because the closing bid price of the Company’s Class A ordinary shares, par value HKD 0.001 per share (“Class A ordinary shares”), has been below $1.00 per share for a period of 30 consecutive business days. The Company is issuing this press release pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of the Notice. The Notice has no immediate effect on the listing of the Class A ordinary shares, which will continue to trade uninterrupted on the Nasdaq Global Select Market under the ticker “EBON.” Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Notice, or December 14, 2022 (the “Compliance Period”), to regain compliance with the Minimum Bid Price Requirement. If at any time during the Compliance Period, the bid price of the Class A ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the Minimum Bid Price Requirement by December 14, 2022, the Company may be eligible for an additional 180-calendar day grace period if the Company transfers its listing of Class A ordinary shares from the Nasdaq Global Select Market to the Nasdaq Capital Market. To qualify, the Company will be required to, among others, meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and will need to provide written notice to Nasdaq of its intention to regain compliance with such requirement during the second compliance period. The Company intends to continuously monitor the closing bid price of the Class A ordinary shares and is in the process of considering various measures, including improving its financial position and results of operations, to countervail the short-term adverse effects on the trading price of its shares and cure the deficiency in due time in order to regain compliance with the Minimum Bid Price Requirement. お知らせ • Jun 01
Ebang International Holdings Inc. Announces Executive Changes On May 24, 2022, Mr. Lei Chen notified Ebang International Holdings Inc. (the "Company") of his decision to resign as Chief Financial Officer of the Company (the "CFO") due to personal reasons, effective May 31, 2022.On May 31, 2022, the Board appointed Mr. Dong Hu, Chairman of the Board and Chief Executive Officer of the Company, as CFO, effective May 31, 2022, until his duly qualified successor is appointed or until his earlierresignation or removal. Reported Earnings • May 01
Full year 2021 earnings released Full year 2021 results: Revenue: US$51.5m (up 171% from FY 2020). Net income: US$4.43m (up US$35.1m from FY 2020). Profit margin: 8.6% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. お知らせ • Feb 16
Ebang International Holdings Inc. Announces the Official Launch of Ebonex Exchange, the Company’s Cryptocurrency Exchange in Australia, on February 15, 2022 Ebang International Holdings Inc. announced the official launch of Ebonex Exchange, the Company’s cryptocurrency exchange in Australia, on February 15, 2022. Eligible participants in certain geographical regions will be able to register and trade by visiting the official website on www.ebonex.com.au or by downloading app from the Apple Store or Google Play store at Ebonex. Ebonex Exchange is a digital asset trading platform independently created and developed by the Company’s technicians who are senior industry experts. It is designed to provide global cryptocurrency participants with secure, fast, efficient, and stable trading services in multiple currencies and modes. The Company has launched its Australian operation with the establishment of its Sydney office in 2021. This move is to support the Company's growth initiative within Australia, as well as to demonstrate the management team’s ambition and determination of creating long term value in the field of Fintech. There is no guarantee that the Company’s operation of its Ebonex Exchange will improve the Company’s financial performance or results of operations. Shareholders are cautioned not to place undue reliance on this press release, or the forward-looking statements contained herein. Reported Earnings • Oct 03
First half 2021 earnings released: US$0.021 loss per share (vs US$0.056 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$18.3m (up 66% from 1H 2020). Net loss: US$3.58m (loss narrowed 42% from 1H 2020). Executive Departure • Jul 02
Deputy GM & Director Sufeng Wang has left the company On the 23rd of June, Sufeng Wang's tenure as Deputy GM & Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Sufeng's name. Sufeng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. お知らせ • May 21
Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Deadline in Securities Fraud Class Action Lawsuit Against Ebang International Holdings Inc Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed against Ebang International Holdings Inc. on behalf of those who purchased or acquired Ebang securities between June 26, 2020 and April 5, 2021, inclusive. Investors who purchased or acquired Ebang securitiesduring the Class Period may, no later than June 7, 2021, seek to be appointed as a lead plaintiff representative of the class. お知らせ • May 14
Block & Leviton LLP Files Lawsuit Against Ebang International Holdings Block & Leviton LLP announced that a lawsuit has been filed against Ebang International Holdings for violations of the federal securities laws. Investors who have lost money should contact the firm to learn more about how they might recover those losses. On April 6, 2021, analyst Hindenburg Research published a scathing report on the Chinese cryptocurrency company, alleging that the company used the proceeds from four recent IPOs to funnel money to insiders and “questionable counterparties.” According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go “primarily for development.” The report alleges that $21 million was directed to repay related-party loans to a relative of the company’s Chairman/CEO Dong Hu. The report also noted that Ebang’s earlier efforts to go public on the Hong Kong Stock Exchange failed due to widespread media coverage of its relationship with Yindou, a massive Chinese peer-to-peer online lending scheme that defrauded 20,000 retail investors in 2018, with $655 million “vanish(ing) into thin air”. A federal securities fraud lawsuit was filed against Ebang on April 8, 2021 in New York Southern District Court. Reported Earnings • May 03
Full year 2020 earnings released: US$0.25 loss per share (vs US$0.38 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$19.0m (down 83% from FY 2019). Net loss: US$30.7m (loss narrowed 28% from FY 2019). お知らせ • Apr 10
Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit Against Ebang International Holdings, Inc Glancy Prongay & Murray LLP announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Zaker v.Ebang International Holdings Inc., et al., (Case No. 1:21-cv-03060) on behalf of persons and entities that purchased or otherwise acquired Ebang International Holdings Inc. securities between June 26, 2020 and April 5, 2021, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. お知らせ • Mar 18
Ebang International Completes 6 nm ASIC Chip Designing for Bitcoin Mining Machines Ebang International Holdings Inc. announced that it has completed a 6 nm ASIC chip designed for Bitcoin mining machines, which is expected to have a competitive edge in the market in terms of performance. The Company plans to begin volume production of its 6 nm chip when it determines market conditions become suitable. There is no guarantee that the company will be able to commercialize its 6 nm ASIC chip design as planned or at all, or that such commercialization will improve the company’s financial performance or results of operations. お知らせ • Mar 12
Ebang International Holdings Inc. to Commence Beta Testing on March 15, 2021 and Launch Cryptocurrency Exchange by the End of March 2021 Ebang International Holdings Inc. announced that the Company will commence beta testing of its cryptocurrency exchange by invitation only on March 15, 2021 and plans to officially launch the exchange by the end of March 2021. There is no guarantee that the Company’s operation of its cryptocurrency exchange will commence as planned or at all, or that such business operation will improve the Company’s financial performance or results of operations. お知らせ • Feb 19
Ebang International Holdings Inc. has completed a Composite Units Offering in the amount of $70 million. Ebang International Holdings Inc. has completed a Composite Units Offering in the amount of $70 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 14,000,000
Price\Range: $5
Discount Per Security: $0.3 Is New 90 Day High Low • Feb 18
New 90-day high: €6.60 The company is up 11% from its price of €5.95 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 35% over the same period. お知らせ • Feb 05
Ebang International Completes Chip Designing for Simultaneous Litecoin and Dogecoin Mining Ebang International Holdings Inc. announced that the company has completed the designing of a chip for simultaneous Litecoin (LTC) and Dogecoin (Doge) mining as an addition to the company's current portfolio of crypto currency mining chip designs. The company believes the new design will allow the company to construct high performance crypto currency mining machines superior to other mining machines currently on the market. Is New 90 Day High Low • Dec 11
New 90-day low: €3.30 The company is down 49% from its price of €6.50 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 23% over the same period. お知らせ • Dec 01
Ebang International Holdings Inc. Enters into Technology License Agreement with Circle Line International Limited Ebang International Holdings Inc. announced that the Company has entered into a technology license agreement with Circle Line International Limited (CL) on November 27, 2020 to obtain CL’s exclusive license of its proprietary patent, Korean Patent Reg. No. 10-2137956, in Korea. Pursuant to the Agreement, CL grants the Company exclusive right to use the patent in Korea and export the product from Korea to other countries. お知らせ • Nov 25
Ebang International Holdings Inc. has completed a Composite Units Offering in the amount of $42 million. Ebang International Holdings Inc. has completed a Composite Units Offering in the amount of $42 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 8,000,000
Price\Range: $5.25
Discount Per Security: $0.315 Is New 90 Day High Low • Nov 20
New 90-day low: €4.58 The company is down 5.0% from its price of €4.80 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 7.0% over the same period. Reported Earnings • Oct 25
First half earnings released Over the last 12 months the company has reported total losses of US$30.5m, with losses widening by 12% from the prior year. Total revenue was US$97.8m over the last 12 months, down 54% from the prior year. Reported Earnings • Sep 28
First half earnings released Over the last 12 months the company has reported total losses of US$30.5m, with losses widening by 12% from the prior year. Total revenue was US$97.8m over the last 12 months, down 54% from the prior year.