Ebang International Holdings Shifts Focus, Cuts Losses

Ebang International Holdings (EBON) has released an update.

Ebang International Holdings Inc. experienced a 37.41% decrease in total net revenues for the first half of 2024, bringing in $2.11 million compared to $3.38 million in the same period of 2023. Despite this reduction, the company saw a decrease in net loss from $8.38 million in the first half of 2023 to $6.65 million in 2024, indicating some improvement in financial performance. The company is actively transitioning into the renewable energy sector, leveraging its R&D and manufacturing expertise, aiming for a sustainable and stable development.

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