HANGZHOU, China, March 11, 2021 (GLOBE NEWSWIRE) — Ebang Worldwide Holdings Inc. (Nasdaq: EBON, the “Firm,” “we” or “our”), a blockchain know-how firm within the world market, at present introduced that the Firm will begin beta testing of its cryptocurrency change by invitation solely on March 15, 2021 and plans to formally launch the change by the tip of March 2021.
Mr. Dong Hu, Chairman and CEO of the Firm, commented, “Our upcoming cryptocurrency change will speed up the Firm’s improvement within the monetary know-how trade. Along with establishing a digital asset monetary service platform, the Firm may even discover different enterprise alternatives in establishing mining farms and cryptocurrency mining to optimize the construction of the worldwide cryptocurrency platform in addition to our choices within the blockchain trade worth chain.”
There is no such thing as a assure that the Firm’s operation of its cryptocurrency change will begin as deliberate or in any respect, or that such enterprise operation will enhance the Firm’s monetary efficiency or outcomes of operations. Shareholders are cautioned to not place undue reliance on this press launch or the forward-looking statements contained herein.
About Ebang Worldwide Holdings Inc.
Ebang Worldwide Holdings Inc. is a blockchain know-how firm with robust application-specific built-in circuit (ASIC) chip design functionality. With years of trade expertise and experience in ASIC chip design, it has grow to be a number one bitcoin mining machine producer within the world market with regular entry to wafer foundry capability. With its licensed or registered entities in numerous jurisdictions, the Firm seeks to launch an expert, handy and revolutionary digital asset monetary service platform to broaden into the upstream and the downstream of blockchain and cryptocurrency trade worth chain. For extra info, please go to https://ir.ebang.com.cn/.
Secure Harbor Assertion
This press launch incorporates forward-looking statements throughout the which means of Part 21E of the Securities Alternate Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements embody, with out limitation, the Firm’s improvement plans and enterprise outlook, which might be recognized by terminology reminiscent of “could,” “will,” “expects,” “anticipates,” “goals,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “proceed,” “prone to” and different related expressions. Such statements should not historic information, and are primarily based upon the Firm’s present beliefs, plans and expectations, and the present market and working circumstances. Ahead-looking statements contain inherent identified or unknown dangers, uncertainties and different components, all of that are troublesome to foretell and plenty of of that are past the Firm’s management, which can trigger the Firm’s precise outcomes, efficiency and achievements to vary materially from these contained in any forward-looking assertion. Additional info relating to these and different dangers, uncertainties or components is included within the Firm’s filings with the U.S. Securities and Alternate Fee. These forward-looking statements are made solely as of the date indicated, and the Firm undertakes no obligation to replace or revise the knowledge contained in any forward-looking statements on account of new info, future occasions or in any other case, besides as required underneath relevant regulation.
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