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Ebang International Plans to Launch BTC Mining Business

Ebang International Plans to Launch BTC Mining Business
  • ASIC manufacturing giant Ebang International is planning to start a Bitcoin mining business.
  • When this happens, Ebang will mine using ASIC and other purchased BTC mining machines.
  • Ebang aims to expand its BTC mining business by investing in data center constructions.

Application-Specific Integrated Circuit (ASIC) provider Ebang International is planning to launch a Bitcoin mining business. Based on a press release, Ebang will mine using its ASICs along with Bitcoin mining machines it will buy from other companies.

By using the purchased BTC mining machines, Ebang will be hiring a lot of computing power from other firms. Also, along with the Bitcoin mining venture, Ebang aims to invest in data center constructions.

Ebang is keen to offer intuitive support to the firm’s Bitcoin mining project.

Ebang’s CEO Mr. Dong Hu said,

With the development of the Bitcoin mining business, the Company will not only just continue to position itself as a Bitcoin mining machine producer.

Dong also noted that their upcoming BTC mining project will boost the company’s cryptocurrency revenue. Also, it will optimize the company’s general product offerings.

He also said BTC mining will be a step to changing Ebang from a hardware maker to a blockchain-based company. When this happens, the company will open up its offerings and provide easy-to-understand blockchain-related services globally.

Notably, top Chinese lotto company 500.com recently purchased Bitcoin mining firm BTC.com. 500.com will use BTC.com to begin mining operations.

However, Ebang did not disclose when their proposed BTC mining will start.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.