Ebang International Confirms no Impact by Silicon Valley Bank Events
March 14 2023 - 7:30AM
Ebang International Holdings Inc. (Nasdaq: EBON, the “Company”,
“we” or “our”), a global blockchain technology company, today
announced that its cryptocurrency exchange platform, Ebonex, has no
exposure incurred in events relating to Silvergate Bank, Signature
Bank and Silicon Valley Bank.
Mr. Dong Hu, Chairman, Chief Executive Officer
of the Company, commented, “We have been committed to providing
customers with a safe trading platform, therefore we have
maintained a diversified set of banking partners to limit various
potential or unknown risk, and our financial health and capital
liquidity remains strong. All customer funds remain secure and
accessible. We will continue to expand Fintech's business on the
basis of compliance and security, and strive to make our products
and services more open, inclusive and safe, and become a trusted
brand for global customers.”
About Ebang International Holdings
Inc.Ebang International Holdings Inc. is a global
blockchain technology company with strong application-specific
integrated circuit (ASIC) chip design capability. With years of
industry experience and expertise in ASIC chip design, it has
become a global bitcoin mining machine producer with steady access
to wafer foundry capacity. With its licensed and registered
entities in various jurisdictions, the Company intends to launch a
professional, convenient and innovative digital asset financial
service platform to expand into the upstream and the downstream of
blockchain and cryptocurrency industry value chain. For more
information, please visit https://ir.ebang.com/.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company’s development plans and business
outlook, which can be identified by terminology such as “may,”
“will,” “expects,” “anticipates,” “aims,” “potential,” “future,”
“intends,” “plans,” “believes,” “estimates,” “continue,” “likely
to,” and other similar expressions intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Such statements are not
historical facts, and are based upon the Company’s current beliefs,
plans and expectations, and the current market and operating
conditions. Forward-looking statements involve inherent known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company’s
control, which may cause the Company’s actual results, performance
and achievements to differ materially from those contained in any
forward-looking statement. Further information regarding these and
other risks, uncertainties or factors is included in the Company’s
filings with the U.S. Securities and Exchange Commission. These
forward-looking statements are made only as of the date indicated,
and the Company undertakes no obligation to update or revise the
information contained in any forward-looking statements as a result
of new information, future events or otherwise, except as required
under applicable law.
Investor Relations ContactFor
investor and media inquiries, please contact:
Ebang International Holdings Inc.Email:
ir@ebang.com
Ascent Investor Relations LLCMs. Tina XiaoTel:
(917) 609-0333Email: tina.xiao@ascent-ir.com
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