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Ebang IPO: Dude, where’s my revenue?

CoinDesk Research presents an in-depth look at China-based bitcoin mining hardware manufacturer, Ebang. Following a failed attempt at an IPO in Hong Kong, Ebang now seeks to raise $100 million through an IPO in the U.S. Utilizing its IPO prospectus in combination with its redacted Hong Kong IPO application, we were able to delve into the company’s financials and identify key risks and concerns.