by Rushali 
Ebang or EBON a Nasdaq listed mining machine manufacturer has announced that they are planning to mine bitcoins with their own machines.
According to a press release, the company’s board has approved the plans of the bitcoin mining business which will involve the combination of using their own machines which were bought from other manufactures plus leased computing power from other mining farms.
CEO Dong Hu said in a statement that this plan will increase their revenue in the cryptocurrency business and optimize their product offering structure.
The firm also plans to build data centers for its mining farms.
In December 2021, the company announced its plans to launch a cryptocurrency exchange by April 2021.
Its biggest competitor Canaan Creative has outperformed the firm by 205% gain year to date.
