Shares of Ebang International (EBON - Free Report) spiked sharply on Wednesday after announcing plans to launch a Bitcoin mining business and invest in data center construction that supports Bitcoin mining activities. “This move will increase our revenue in the cryptocurrency business and optimize our product offering structure,” said CEO Dong Hu in a news release.
EBON is up 30% in late-afternoon trading.
Ebang is a Hangzhou, China-based blockchain technology company known for its application-specific integrated circuit (ASIC) chip design. It also just announced another chip product a few weeks ago that can mine two popular cryptocurrencies, Litecoin and Dogecoin, at the same time.
While the simultaneous mining of these two Scrypt-based cryptocurrencies was already doable, the new chip will allow Ebang to sell a new line of mining equipment that management believes is superior to other machines currently on the market.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Shares of Ebang International (EBON - Free Report) spiked sharply on Wednesday after announcing plans to launch a Bitcoin mining business and invest in data center construction that supports Bitcoin mining activities. “This move will increase our revenue in the cryptocurrency business and optimize our product offering structure,” said CEO Dong Hu in a news release.
EBON is up 30% in late-afternoon trading.
Ebang is a Hangzhou, China-based blockchain technology company known for its application-specific integrated circuit (ASIC) chip design. It also just announced another chip product a few weeks ago that can mine two popular cryptocurrencies, Litecoin and Dogecoin, at the same time.
While the simultaneous mining of these two Scrypt-based cryptocurrencies was already doable, the new chip will allow Ebang to sell a new line of mining equipment that management believes is superior to other machines currently on the market.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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