Ebang International Holdings (EBON) Bull Run of the Galaxy!!!
Ebang International Holdings Inc
NASDAQ: EBONDATE: 02/25/2021
EBANG International Holdings Inc. is a relatively lesser-known company in the realm of crypto. Sitting at an 1.02B market cap and share price of $7.36 USD, it is not nearly the smallest player, however when compared to MARA and RIOT with respective 3.53B and 3.14B it is clearly undervalued.
What does Ebang International Holdings Inc do and make them different?
Ebang is creating a vertical platform for crypto and it will save a lot of money. The best part is there will be multiple channels of cash flow.
FINANCIALS (Unaudited Results for the first six months of 2020)
June 30, 2020Total assets: 75,076,267Total liabilities: 57,658,628
December 31, 2019Total assets: 82,611,046Total liabilities: 57,040,422
REASON ONE
Ebang is an ASIC Chip Designer/Crypto Miner Manufacture
“Ebang International Holdings Inc. is a 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 leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity.
With a shortage of ASIC chips globally, manufacturers just aren’t manufacturing enough products for everyone. This even includes Nvidia, which is gigantic. Nvidia even released their CMP HX chip for mining.
Ebang next gen miners are set out to be released soon 2nd Quarter of 2021 utilizing their 8nm/7nm ASIC Chip. With Crypto being more popular, it's very likely the chips have been overclocked to boost overall performance to squeeze everything they can push out.
R&D: Currently designing 5nm ASIC Chip
Important Note: Ebang newest miners are not released yet and probably is going undergoing some tweaks prior to their release due to BTC sudden bullrun.
REASON TWO
Ebang is a Server Farm
Ebang started machine hosting in 2017 and as of 2021, they have expanded. Crypto miners can be rapidly deployed and can be set up in about 1 day. It’s expected Ebang new crypto exchange will be hosted by Ebang datacenters too to reduce cost in maintenance.
REASON THREE
Ebang has its own Crypto Exchange. With Coinbase valued in the billions, it's possible that their exchange can attract a small percentage of these users too.
Coinbase's market cap the week after its IPO will be around $63 billion, this is huge!
Logic Theories: For 2020, there’s definitely a huge impact from COVID-19 as noted from their CEO. This has definitely impacted their business. Cash holding is definitely down significantly probably due to future investment of their crypto exchange and upgrades in their mining host services (This can be seen by their non-current assets report). Property, plant and equipment net is 13,224,761 in 2019, compared to 20,904,153 in 2020.
Their current liabilities for their debts seems to be completely repaid but there was an increase in their long-term loans - related party, meaning they did this to clear up some credit to increase new investment for new projects.
Without a doubt, I believe Bitcoin will easily hit $75,000 per BTC to $100,000 per BTC. So for the next 6 months to 1 year, EBON is definitely going to be a BUY.
Bitcoin is NOT A FAD, if it was it wouldn’t have come back this strong. Numbers don’t lie and Square/PayPal/Tesla have already invested into Bitcoin, why? Because more people are starting to notice it, more countries are using crypto integration with their payment systems.
EBON Price Target: $12.00 USD (Realistic Estimation)EBON Estimated High: $35.00 (This number is relatively high because until Ebang finish their exchange and get a high rate of customers, this won’t happen)
EBON RISKS: The only thing that can ruin everything for EBON is if BTC crashes below it’s profit point under the value of $25,000 per BTC and we all know that’s not happening anytime soon because hedge funds and ETFs are holding to keep values up.
This does not constitute financial advice, as with all investments it is your financial responsibility to conduct your own due diligence and ask whether the investment aligns properly with your short-term and long-term strategies.
NASDAQ: EBONDATE: 02/25/2021
EBANG International Holdings Inc. is a relatively lesser-known company in the realm of crypto. Sitting at an 1.02B market cap and share price of $7.36 USD, it is not nearly the smallest player, however when compared to MARA and RIOT with respective 3.53B and 3.14B it is clearly undervalued.
What does Ebang International Holdings Inc do and make them different?
Ebang is creating a vertical platform for crypto and it will save a lot of money. The best part is there will be multiple channels of cash flow.
FINANCIALS (Unaudited Results for the first six months of 2020)
June 30, 2020Total assets: 75,076,267Total liabilities: 57,658,628
December 31, 2019Total assets: 82,611,046Total liabilities: 57,040,422
REASON ONE
Ebang is an ASIC Chip Designer/Crypto Miner Manufacture
“Ebang International Holdings Inc. is a 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 leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity.
With a shortage of ASIC chips globally, manufacturers just aren’t manufacturing enough products for everyone. This even includes Nvidia, which is gigantic. Nvidia even released their CMP HX chip for mining.
Ebang next gen miners are set out to be released soon 2nd Quarter of 2021 utilizing their 8nm/7nm ASIC Chip. With Crypto being more popular, it's very likely the chips have been overclocked to boost overall performance to squeeze everything they can push out.
R&D: Currently designing 5nm ASIC Chip
Important Note: Ebang newest miners are not released yet and probably is going undergoing some tweaks prior to their release due to BTC sudden bullrun.
REASON TWO
Ebang is a Server Farm
Ebang started machine hosting in 2017 and as of 2021, they have expanded. Crypto miners can be rapidly deployed and can be set up in about 1 day. It’s expected Ebang new crypto exchange will be hosted by Ebang datacenters too to reduce cost in maintenance.
REASON THREE
Ebang has its own Crypto Exchange. With Coinbase valued in the billions, it's possible that their exchange can attract a small percentage of these users too.
Coinbase's market cap the week after its IPO will be around $63 billion, this is huge!
Logic Theories: For 2020, there’s definitely a huge impact from COVID-19 as noted from their CEO. This has definitely impacted their business. Cash holding is definitely down significantly probably due to future investment of their crypto exchange and upgrades in their mining host services (This can be seen by their non-current assets report). Property, plant and equipment net is 13,224,761 in 2019, compared to 20,904,153 in 2020.
Their current liabilities for their debts seems to be completely repaid but there was an increase in their long-term loans - related party, meaning they did this to clear up some credit to increase new investment for new projects.
Without a doubt, I believe Bitcoin will easily hit $75,000 per BTC to $100,000 per BTC. So for the next 6 months to 1 year, EBON is definitely going to be a BUY.
Bitcoin is NOT A FAD, if it was it wouldn’t have come back this strong. Numbers don’t lie and Square/PayPal/Tesla have already invested into Bitcoin, why? Because more people are starting to notice it, more countries are using crypto integration with their payment systems.
EBON Price Target: $12.00 USD (Realistic Estimation)EBON Estimated High: $35.00 (This number is relatively high because until Ebang finish their exchange and get a high rate of customers, this won’t happen)
EBON RISKS: The only thing that can ruin everything for EBON is if BTC crashes below it’s profit point under the value of $25,000 per BTC and we all know that’s not happening anytime soon because hedge funds and ETFs are holding to keep values up.
This does not constitute financial advice, as with all investments it is your financial responsibility to conduct your own due diligence and ask whether the investment aligns properly with your short-term and long-term strategies.
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