Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Large Bitcoin Mining Hardware Presents Next-Generation Equipment

Ebang Communication, a large Bitcoin mining hardware manufacturer based in China, applied for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) on June, 25. 

Details on how much Eband is seeking to raise and what is the precise valuation of the company are still unknown. According to Ebang’s IPO application filing, they had earned $141 million in 2017 – almost 18 times more compared to 2016. The company is announcing the release of Bitcoin miners equipped with next-generation 7nm semiconductor chips, developed by Japanese tech conglomerate GMO and launched this spring.

#mining #china #bitcoin #eband #ipo