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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114248832?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-06 21:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114248832","market":"us","top_or_hot":-1,"title":"Short-seller Hindenburg takes aim at Ebang, shares slump 17%","media":"Tiger Newspress","content":"<p>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&nbsp;morning trading.</p><p><img src=\"https://static.tigerbbs.com/874890f87574b562606f627b6dec73d7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>\"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.</p><p>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.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Short-seller Hindenburg takes aim at Ebang, shares slump 17%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShort-seller Hindenburg takes aim at Ebang, shares slump 17%\n</h2>\n\n<h4 class=\"meta\">\n\n2021-04-06 21:40 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBON","symbol_name":"亿邦国际","start_time":0,"source_url":null,"article_id":"1114248832","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114248832","pubTimestamp":1617716409,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Short-seller Hindenburg Research said on Tuesday it was going short on Ebang International Holdings ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EBON":"亿邦国际"},"translate_title":"做空者兴登堡瞄准埃邦，股价暴跌17%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBON":0.9},"content_text":"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.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":343572622,"gmtCreate":1617736907266,"gmtModify":1704702436291,"author":{"id":"3574137625928817","authorId":"3574137625928817","name":"Go4good","avatar":"https://static.tigerbbs.com/4d6cba44f6fd16fdf2c1ddcd31d87971","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574137625928817","authorIdStr":"3574137625928817"},"htmlText":"What? [噴血]&nbsp;","listText":"What? [噴血]&nbsp;","text":"What? [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,"idStr":"3569155063530582","authorId":3569155063530582,"name":"Lx0420","avatar":"https://static.tigerbbs.com/88f02c9cdb48b7394f81132ec595ed38","vip":1,"crmLevel":5,"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,"idStr":"3575408266545497","authorIdStr":"3575408266545497"},"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":2,"crmLevelSwitch":1,"idStr":"3576810327636014","authorIdStr":"3576810327636014"},"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,"idStr":"3563258353481311","authorIdStr":"3563258353481311"},"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,"idStr":"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":5,"crmLevelSwitch":0,"idStr":"3574908607042738","authorIdStr":"3574908607042738"},"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":"4.29.3","shortVersion":"4.29.3","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"}