|Headquarters||Hangzhou, Zhejiang, People’s Republic of China|
|Key People||Dong Hu|
|Products||ASICs-based bitcoin miners|
Ebang is a Chinese designer and distributor of bitcoin mining machines. Its brands are EBIT miners.
Ebang is one of a handful of highly competitive Chinese "fabless" producers of dedicated bitcoin mining technology. ("Fabless" refers to fabrication-less producers that design key components and assemble, sell and distribute the computers. Ebang, like its competitors Bitmain and Canaan Creative design application-specific integrated circuits for bitcoin mining.
Ebang was originally called the Zhejiang Ebang Communication Technology Company when it was founded in 2010. Starting in In January 2010, Mr. Dong Hu, our chairman of board of directors and chief executive officer, founded Zhejiang Ebang Communication Technology Co., Ltd., or Zhejiang Ebang, which established Zhejiang Ebang Information Technology Co., Ltd., or Ebang IT, to conduct development and sales of communications network access devices and related equipment. In early 2014, in view of the burgeoning opportunities in the blockchain industry, we began to conduct research and feasibility studies on the blockchain business and develop blockchain computing equipment. In August 2015, Zhejiang Ebang was listed on the National Equities Exchange and Quotations Co., Ltd., or the NEEQ. In August 2016, we acquired 51.05% of the equity interest in Hangzhou Dewang Information Technology Co., Ltd., or Hangzhou Dewang, through our capital injection in Hangzhou Dewang. In March 2018, Zhejiang Ebang was delisted from the NEEQ in preparation for the reorganization.