Media: Cryptocurrency mining machine manufacturer Ebang International resubmits application for listing on the main board

On December 21, according to Hong Kong media Sing Tao Daily, it was rumored that the Hong Kong Stock Exchange (00388) did not want to approve the listing of cryptocurrency mining machine manufacturers, but cryptocurrency mining machine manufacturer Ebang International (Ebang) uploaded the preliminary prospectus again yesterday and resubmitted the main board listing application.

Ebang sells Bitcoin mining machines (BPU) under the brand name "Ebit". Blockchain-related products accounted for approximately 99.3% of its revenue in the first half of this year, while telecommunications equipment revenue accounted for only approximately 0.7%.

As of the end of June this year, the company's revenue was 2.138 billion yuan (RMB, the same below), a year-on-year increase of 8.01 times, mainly due to the continuous increase in market demand for Bitcoin mining products in recent years; net profit was 917 million yuan, a year-on-year increase of 17.89 times.