Welcome to our dedicated page for Ebang International Holdings news (Ticker: $EBON), a resource for investors and traders seeking the latest updates and insights on Ebang International Holdings stock.
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Ebang International Holdings Inc. (Nasdaq: EBON) reported its financial results for the fiscal year 2023, with total net revenues decreasing by 85.0% to US$4.9 million, gross loss of US$16.7 million, and a net loss of US$38.0 million. Despite challenges, the company saw revenue growth in cryptocurrency exchange and payment businesses. The financials were impacted by bankruptcy of virtual currency banks, fraud incidents, and absence of one-time revenue from court mediations in 2022.