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Ebang International Holdings (EBON)

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Upturn Advisory Summary
12/04/2025: EBON (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -48.29% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 20.79M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.97 | 52 Weeks Range 3.00 - 10.94 | Updated Date 06/29/2025 |
52 Weeks Range 3.00 - 10.94 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.22 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -478.2% |
Management Effectiveness
Return on Assets (TTM) -6.61% | Return on Equity (TTM) -7.7% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value -193908673 | Price to Sales(TTM) 3.54 |
Enterprise Value -193908673 | Price to Sales(TTM) 3.54 | ||
Enterprise Value to Revenue 1.21 | Enterprise Value to EBITDA 52.38 | Shares Outstanding 4726420 | Shares Floating 4613934 |
Shares Outstanding 4726420 | Shares Floating 4613934 | ||
Percent Insiders 0.07 | Percent Institutions 2.79 |
Upturn AI SWOT
Ebang International Holdings
Company Overview
History and Background
Ebang International Holdings Inc. was founded in 2010 and is based in Hangzhou, China. It originally focused on ASIC chip design and manufacturing for cryptocurrency mining, particularly Bitcoin mining. Over time, it has explored diversification into other blockchain-related areas, including cryptocurrency exchange technology and more recently, metaverse-related initiatives.
Core Business Areas
- ASIC Chip Design and Manufacturing: Ebang's original and primary business involves designing and manufacturing Application-Specific Integrated Circuits (ASICs) optimized for cryptocurrency mining, predominantly Bitcoin. They develop and sell mining hardware.
- Cryptocurrency Mining Hardware Sales: This segment focuses on the sale of their ASIC mining machines to cryptocurrency miners globally.
- Cryptocurrency Exchange Technology: Ebang has explored and invested in developing technology for cryptocurrency exchanges, though this segment's performance has been variable.
- Metaverse-related initiatives: Ebang has explored investments and development in metaverse technologies although it's currently a small portion of their business model.
Leadership and Structure
Ebang International Holdings is led by Chairman and CEO Dong Hu. The company has a board of directors responsible for overseeing corporate governance and strategic direction.
Top Products and Market Share
Key Offerings
- Ebit Miner (Mining Hardware): Ebang's flagship product line is the Ebit Miner series of ASIC mining machines. These machines are designed to efficiently mine cryptocurrencies like Bitcoin. Market share is difficult to determine precisely due to the fragmented nature of the mining hardware market and limited publicly available data, but Ebang competes with companies like Bitmain, Canaan, and MicroBT. Revenue from this product varies depending on Bitcoin price fluctuations and demand. Major competitors include Bitmain (Antminer), Canaan (AvalonMiner), and MicroBT (WhatsMiner).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is highly volatile and competitive, driven by factors such as cryptocurrency prices, mining difficulty, regulatory changes, and technological advancements in mining hardware. Demand for mining hardware is correlated with the profitability of mining, which in turn depends on cryptocurrency prices and electricity costs.
Positioning
Ebang International Holdings operates in a competitive segment of the crypto mining hardware market. Their competitive advantages, such as proprietary ASIC designs, are countered by the scale and resources of larger competitors like Bitmain. Differentiation through innovation in chip efficiency and power consumption is critical.
Total Addressable Market (TAM)
The TAM for cryptocurrency mining hardware fluctuates significantly based on crypto market conditions. Estimates have ranged from billions of USD during bull markets to significantly lower figures during bear markets. Ebang's positioning within this TAM depends on its ability to innovate and capture market share from larger competitors.
Upturn SWOT Analysis
Strengths
- ASIC chip design capabilities
- Experience in cryptocurrency mining hardware
- Established brand recognition in the mining community
Weaknesses
- Smaller scale compared to competitors like Bitmain
- High dependence on volatile cryptocurrency markets
- Limited diversification beyond mining hardware
Opportunities
- Development of more efficient mining hardware
- Expansion into new blockchain-related applications and investments, like metaverse technologies
- Geographic expansion to new mining regions
Threats
- Increased competition from established and emerging players
- Regulatory uncertainty surrounding cryptocurrency mining
- Technological obsolescence of mining hardware
- Fluctuations in cryptocurrency prices affecting mining profitability
Competitors and Market Share
Key Competitors
- BITM
- CAN
- HXBT
Competitive Landscape
Ebang faces significant competition from larger players like Bitmain and Canaan. Ebang's success depends on its ability to innovate, differentiate its products, and manage costs effectively.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent due to the cyclical nature of the cryptocurrency market. High growth during bull markets has been offset by declines during bear markets.
Future Projections: Future projections are highly uncertain and dependent on factors such as cryptocurrency adoption, regulatory developments, and technological innovation. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include investments in metaverse technologies, development of new mining hardware, and exploration of cryptocurrency exchange technology.
Summary
Ebang International Holdings operates in a volatile market, making it a risky investment. While their expertise in ASIC chip design is a strength, their dependence on the cryptocurrency market poses a significant risk. Their recent diversification efforts into areas like metaverse technologies could be beneficial, but they face stiff competition and regulatory uncertainties. Investor sentiment is largely affected by Bitcoin prices and their mining hardware's performance relative to competitors.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news sources
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The cryptocurrency market is highly volatile, and investments in Ebang International Holdings carry significant risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ebang International Holdings
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2020-06-26 | Chairman of Board, CEO & CFO Mr. Dong Hu | ||
Sector Technology | Industry Computer Hardware | Full time employees 218 | Website https://www.ebang.com.cn |
Full time employees 218 | Website https://www.ebang.com.cn | ||
Ebang International Holdings Inc., through its subsidiaries, provides cross-border payment and foreign exchange services in Mainland China and Australia. The company offers solar and battery storage solutions, such as smart solar inverters and hybrid solar and storage systems; and SaaS data visualization and analytics solutions. It also provides fiber-optic communication access devices, such as multiprotocol label switching fiber-optic access network devices, multi-service access platform integrated business access devices, and wavelength-division multiplexing fiber-optic devices; and enterprise convergent communication terminals, including gigabit passive optical network, Fiber to the Room products, passive optical network converged gateway, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. In addition, the company sells bitcoin mining machines under the Ebit brand. It also operates a proprietary cryptocurrency exchange platform. The company serves the blockchain and telecommunications industries. It sells its blockchain products directly, as well as through its website; and telecommunication products through supplier contracts. The company was founded in 2010 and is headquartered in Hangzhou, China.

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