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Ebang International Holdings (EBON)


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Upturn Advisory Summary
10/15/2025: EBON (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -39.15% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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, initially focusing on ASIC chip design and manufacturing, particularly for Bitcoin mining hardware. Over time, it has sought to diversify into other areas, including financial services and blockchain technology. Key milestones include developing and launching various generations of mining machines and attempts to establish a cryptocurrency exchange.
Core Business Areas
- ASIC Chip Design and Manufacturing: Designs and manufactures ASIC chips for cryptocurrency mining, primarily Bitcoin. This includes research, development, and production of hardware.
- Cryptocurrency Mining Hardware: Manufactures and sells cryptocurrency mining machines (miners) that utilize its proprietary ASIC chips. These miners are designed to solve complex mathematical problems to validate transactions and earn cryptocurrency rewards.
- Blockchain Technology and Financial Services: Explores opportunities in blockchain technology beyond mining, including potentially developing a cryptocurrency exchange and related services, but these ventures have faced regulatory and operational hurdles.
Leadership and Structure
Ebang's leadership structure typically includes a CEO responsible for overall strategic direction, a CFO overseeing financial operations, and a CTO leading technological development. The organizational structure is hierarchical, with various departments handling R&D, manufacturing, sales, and marketing. Specific individuals and details about the current leadership team may vary.
Top Products and Market Share
Key Offerings
- Ebit Miner (various models): Bitcoin mining hardware utilizing Ebang's ASIC chips. Market share data is volatile and dependent on model generation and competition, but estimates suggest Ebang has held a single-digit percentage share historically in the global mining hardware market. Competitors include Bitmain (Antminer), MicroBT (Whatsminer), and Canaan Creative (AvalonMiner). Revenue is heavily tied to Bitcoin price fluctuations.
Market Dynamics
Industry Overview
The cryptocurrency mining hardware industry is highly competitive and volatile, heavily influenced by Bitcoin price fluctuations, technological advancements in ASIC chips, and regulatory developments in different regions. The industry is capital-intensive and requires constant innovation to remain competitive.
Positioning
Ebang's position in the industry is as a smaller player compared to market leaders like Bitmain and MicroBT. Its competitive advantage lies in its ASIC chip design capabilities, but it faces challenges related to scale, manufacturing capacity, and brand recognition. It attempts diversification in the sector.
Total Addressable Market (TAM)
The total addressable market (TAM) for cryptocurrency mining hardware fluctuates with the price of bitcoin and has been estimated between $5 billion and $10 billion annually. Ebang's positioning is as a smaller participant aiming to capture a larger share. The success of that aim is dependent upon improved operational capabilities and future market conditions.
Upturn SWOT Analysis
Strengths
- ASIC chip design expertise
- Proprietary mining hardware technology
- Potential for diversification into blockchain-related services
Weaknesses
- Smaller market share compared to competitors
- Dependence on Bitcoin price volatility
- Past operational and regulatory challenges
- Limited financial resources
Opportunities
- Development of more efficient mining hardware
- Expansion into new cryptocurrency mining markets
- Partnerships with blockchain technology companies
- Growth in adoption of cloud mining services
Threats
- Intense competition from larger manufacturers
- Rapid technological advancements rendering hardware obsolete
- Regulatory restrictions on cryptocurrency mining
- Supply chain disruptions
- Bitcoin price declines
Competitors and Market Share
Key Competitors
- Bit Digital Inc (BTBT)
- Marathon Digital Holdings Inc (MARA)
- Canaan Inc. (CAN)
Competitive Landscape
Ebang faces significant competition from larger, more established players with greater resources. Ebang's advantages are related to niche markets and specialized technology.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been inconsistent and highly correlated with Bitcoin price cycles. Periods of rapid revenue growth have been followed by declines.
Future Projections: Future growth projections are speculative and depend on Ebang's ability to innovate, expand into new markets, and navigate regulatory challenges. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives involve attempting to launch cryptocurrency exchanges and expanding blockchain technology solutions. These initiatives have faced regulatory and operational challenges.
Summary
Ebang International Holdings is a small player in the volatile cryptocurrency mining hardware market facing significant competition. Its future depends on successful diversification and navigating regulatory hurdles. The company has faced operational difficulties and financial instability. It needs to build a sustainable competitive advantage and address weaknesses in its financial performance and operational execution.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share figures are estimates and may vary.
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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