THELOGICALINDIAN - The bitcoin ASIC mining rig architect Ebang International Holdings was afresh listed on Nasdaq aftermost Friday on June 26 Ebang is now the additional mining rig architect to accept a US antecedent accessible alms IPO by affairs aggregation shares Since the antecedent auction on aperture day Ebangs Nasdaqlisted EBON is bottomward 115
So far, the Nasdaq shares dubbed “EBON” haven’t afflicted too abundant in amount and back the IPO launch. This anniversary Ebang additionally appear it is ablution an adopted crypto barter after this year.
The close Ebang International Holdings is an ASIC mining rig architect that specializes in architecture bitcoin miners. Last Friday, on June 26, the aggregation abutting its mining rig accomplishment adversary Canaan on the Nasdaq banal exchange.
The barrage of NASDAQ: EBON on Friday, saw 19.3 actor shares offered and the close aloft $101 million. On June 26, at 12 p.m. ET, EBON stocks on Nasdaq opened at $4.85 and by 4 p.m. ET, it was up to $5.
However, back again EBON is currently trading at $4.29 on July 2, 2024, adversity a accident of -11.5% back the aperture amount on Friday. At the time of publication, 24-hour stats appearance the amount of EBON is up 0.33% on Thursday.
So far Ebang is accomplishing abundant bigger than Canaan Creative’s antecedent IPO run, which saw the aggregation accession beneath on aperture day affairs alone $90 million. Canaan (NASDAQ: CAN) initially awash for $8.99 and today it is trading for $1.88. This agency back Canaan launched on CAN on November 21, the Nasdaq advertisement absent -79% back aperture day.
Of course, Ebang’s IPO is abundant newer and Canaan’s banal has been listed on Nasdaq for months. Despite the actuality that both ASIC mining manufacturers are listed on Nasdaq, Ebang aboveboard thinks they are abstracted from the competition.
“According to accessible advice appear by Canaan Inc., its key development administration is absorption on [artificial intelligence] AI,” an Ebang adumbrative told the press this week. “Although we are aeon in bitcoin mining apparatus industry, Ebang focuses on the blockchain industry chain, amalgam the agenda abridgement automated ecosystem,” the adumbrative added.
Additionally, Ebang says it affairs to actualize added acquirement by ablution an adopted exchange. Ebang’s arch banking administrator (CFO), Chen Lei, told Bloomberg that the barter will acceptable bifold the company’s revenue. Chen said that the company, at the actual least, expects to hit that ambition by 2022.
Moreover, the CFO explained that Ebang is activity to draw in sales from added nation-states. The account with Chen Lei highlights that 90% of Ebang sales axis from acreage China, while the blow are actuality awash in added countries.
What do you anticipate about Ebang’s IPO barrage aftermost Friday and the barter announcement? Let us apperceive what you anticipate in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Ebang, Nasdaq
