The third largest manufacturer of equipment for mining bitcoin Ebang, the company plans to release this year, no fewer than 400,000 new devices. This writes Cryptoglobe citing Chinese edition Yuhang.
According to him, in 2017 Ebang sold about 159 thousand units for mining cryptocurrency, and this figure increased to 309 thousand in the first half of 2018. For the six months Ebang received $304 million in profit, which is eight times more than in the same period of the previous year, and net revenue was $135 million
When filing a new application for the IPO in December, the Chinese company, however, noted that faced with a significant decline in revenue and gross profit in the third quarter compared to three preceding months.
However Ebang, apparently, has reason to look to the future with optimism. So, until the end of this year the company intends to produce at least 400 thousand new devices, that in two and a half times higher than sales in 2017 and, presumably, is about on par with 2018.
First plans Ebang at IPO became known in may 2018. Then it was reported that the company plans to raise $1 billion According to the latest data from the moment of registration of the first application, the company reduced this amount by more than half.