Sirlibz
Ebang, a major Chinese Bitcoin mining equipment maker which was reported to be listed on Nasdaq Global Market plans on establishing a Cryptocurrency exchange and Mining Farm. The mining company plans on getting listed on Nasdaq Global Market under the ticker EBANG and would become one of the second cryptocurrency mining companies to go live in the United States.
Speaking on the plans to expand its business by setting up a mining Farm, Ebang representative stated
We will soon establish our own mining farms with [a] flexible cooperation model […] as well as mining pools to sell our computing power and we will also start to set up [a] cryptocurrencies trading exchange
They plan on exploring the “application of blockchain technology into financial services, education and healthcare industries.”
Ebang plans on raising $125 million and as such the company values every publicity it gets, one o f which is the Nasdaq listing. The company’s representative said that the publicity Nasdaq offers will help them enhance their brand and attract more talent. They could also set up a cryptocurrency exchange since they are a publicly traded company.
Credit is the most important point for establishing the cryptocurrencies trading exchange, and a Nasdaq listed company regulated by U.S. Securities and Exchange Commission should be able to strictly control the compliance and safety of the transaction
