Short-seller Hindenburg takes aim at Ebang, shares slump 17%

Tiger Newspress2021-04-06

Short-seller Hindenburg Research said on Tuesday it was going short on Ebang International Holdings Inc, sending the Chinese bitcoin mining machine producer's shares down nearly 17% in Tuesday morning trading.

"Ebang claims to be a "leading bitcoin mining machine producer", yet our research indicates this extraordinary claim is backed by no evidence. Ebang released its final miner in May 2019 and has since seen its sales dwindle to near-zero, delivering only 6,000 total miners in 1H20," the short seller said.

Chinese bitcoin mining machine manufacturer, Ebang debuted on Nasdaq in June last year and had conducted two fundraising rounds in February alone, raking in $170 million, even after a previous offering in November.

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Comments

Go4good
2021-04-07
Go4good
What? [噴血]
- Lx0420:
  Good
Jan9413
2021-04-07
Jan9413
what the man[驚訝]
PMSG
2021-04-06
PMSG
Hold. Hindenburg is spreading fake news! The rebound will be super strong !!
Disiaosiao
2021-04-06
Disiaosiao
Better run
- elite:
  run faster
Cav
2021-04-06
Cav
Kggg

Leave a comment

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[噴血]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343572622","repostId":1114248832,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3973121,"gmtCreate":1617745076158,"gmtModify":1680783099047,"authorId":3569155063530582,"author":{"id":3569155063530582,"authorId":3569155063530582,"name":"Lx0420","avatar":"https://static.tigerbbs.com/88f02c9cdb48b7394f81132ec595ed38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343572622,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"CN"},{"id":343578998,"gmtCreate":1617735370214,"gmtModify":1704702433201,"author":{"id":"3575408266545497","authorId":"3575408266545497","name":"Jan9413","avatar":"https://static.tigerbbs.com/4fa4fd3ee6d51365df365f2bc310944e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"what the man[驚訝]&nbsp;","listText":"what the man[驚訝]&nbsp;","text":"what the man[驚訝]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343578998","repostId":1114248832,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":343232363,"gmtCreate":1617717908352,"gmtModify":1704702206079,"author":{"id":"3576810327636014","authorId":"3576810327636014","name":"PMSG","avatar":"https://static.tigerbbs.com/e55958327b4956d8b3f0ba1c4aaf9197","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Hold. Hindenburg is spreading fake news! The rebound will be super strong !!","listText":"Hold. Hindenburg is spreading fake news! The rebound will be super strong !!","text":"Hold. Hindenburg is spreading fake news! The rebound will be super strong !!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343232363","repostId":1114248832,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":343292887,"gmtCreate":1617717490749,"gmtModify":1704702191689,"author":{"id":"3563258353481311","authorId":"3563258353481311","name":"Disiaosiao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Better run","listText":"Better run","text":"Better run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/343292887","repostId":1114248832,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3974046,"gmtCreate":1617752712484,"gmtModify":1680783114362,"authorId":3555312962232191,"author":{"id":3555312962232191,"authorId":3555312962232191,"name":"elite","avatar":"https://static.tigerbbs.com/2601d446a3f18f0e9bf7927e9dc30a0e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":343292887,"type":1,"supId":0,"prevId":0,"content":"run faster","text":"run faster","html":"run faster"}],"langContent":"EN"},{"id":343203225,"gmtCreate":1617716853167,"gmtModify":1704702172425,"author":{"id":"3574908607042738","authorId":"3574908607042738","name":"Cav","avatar":"https://community-static.tradeup.com/news/1df24ff7a54f3b27aee016180e9fbdaa","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Kggg","listText":"Kggg","text":"Kggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343203225","repostId":1114248832,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":15,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114248832"}