Benzinga | Mar 11, 2021 09:01AM EST

Ebang Reports Will Commence Beta Testing Of Its Crypto Exchange By Invite Only On Mar. 15, 2021; Plans To Officially Launch Exchange By End Of Mar. 2021

Ebang International Holdings Inc. (NASDAQ:EBON, the &ldquo, Company, &rdquo, &ldquo, we&rdquo, or &ldquo, our&rdquo, ))), a blockchain technology company in the global market, today announced that the Company will commence beta testing of its cryptocurrency exchange by invitation only on March 15, 2021 and plans to officially launch the exchange by the end of March 2021.

Mr. Dong Hu, Chairman and CEO of the Company, commented, "Our upcoming cryptocurrency exchange will accelerate the Company's development in the financial technology industry. In addition to establishing a digital asset financial service platform, the Company will also explore other business opportunities in establishing mining farms and cryptocurrency mining to optimize the structure of the global cryptocurrency platform as well as our offerings in the blockchain industry value chain."

There is no guarantee that the Company's operation of its cryptocurrency exchange will commence as planned or at all, or that such business operation will improve the Company's financial performance or results of operations. Shareholders are cautioned not to place undue reliance on this press release or the forward-looking statements contained herein.