{"id":739846,"date":"2023-03-14T08:39:20","date_gmt":"2023-03-14T12:39:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-confirms-no-impact-by-silicon-valley-bank-events\/"},"modified":"2023-03-14T08:39:20","modified_gmt":"2023-03-14T12:39:20","slug":"ebang-international-confirms-no-impact-by-silicon-valley-bank-events","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-confirms-no-impact-by-silicon-valley-bank-events\/","title":{"rendered":"Ebang International Confirms no Impact by Silicon Valley Bank Events"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HANGZHOU, China, March  14, 2023  (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d), a global blockchain technology company, today announced that its cryptocurrency exchange platform, Ebonex, has no exposure incurred in events relating to Silvergate Bank, Signature Bank and Silicon Valley Bank.<\/p>\n<p align=\"justify\">Mr. Dong Hu, Chairman, Chief Executive Officer of the Company, commented, \u201cWe have been committed to providing customers with a safe trading platform, therefore we have maintained a diversified set of banking partners to limit various potential or unknown risk, and our financial health and capital liquidity remains strong. All customer funds remain secure and accessible. We will continue to expand Fintech&#8217;s business on the basis of compliance and security, and strive to make our products and services more open, inclusive and safe, and become a trusted brand for global customers.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Ebang International Holdings Inc.<\/strong><br \/>\n        <br \/>Ebang International Holdings Inc. is a global blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability. With years of industry experience and expertise in ASIC chip design, it has become a global bitcoin mining machine producer with steady access to wafer foundry capacity. With its licensed and registered entities in various jurisdictions, the Company intends to launch a professional, convenient and innovative digital asset financial service platform to expand into the upstream and the downstream of blockchain and cryptocurrency industry value chain. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-mRdm0XfQ-FKD-5mEHupHgZWCEErpoOuUu6nfJiqdankO5Rq5fy50CHUj2Zw1O4XXohJUyR1d1EjcC0BjIqn9g==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/ir.ebang.com\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong><br \/>\n        <br \/>\n        <em>This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company\u2019s development plans and business outlook, which can be identified by terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201caims,\u201d \u201cpotential,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201ccontinue,\u201d \u201clikely to,\u201d and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are not historical facts, and are based upon the Company\u2019s current beliefs, plans and expectations, and the current market and operating conditions. Forward-looking statements involve inherent known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company\u2019s control, which may cause the Company\u2019s actual results, performance and achievements to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company\u2019s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contact<\/strong><br \/>\n        <br \/>For investor and media inquiries, please contact:<\/p>\n<p align=\"justify\">Ebang International Holdings Inc.<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eZ56gpXMJ9jEAHufSJI-IVVjl1KcVkgtAZrbYngzJ-icCkp9P5omhVvtYTw-aBlo_3Q9z8v53fXJzC5iDgcpeA==\" rel=\"nofollow noopener\" target=\"_blank\">ir@ebang.com<\/a><\/p>\n<p align=\"justify\">Ascent Investor Relations LLC<br \/>Ms. Tina Xiao<br \/>Tel: (917) 609-0333<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LuLdJXPLgslJfHu0xqAqVlQmeGf1-2hMx9BuXL1MjfuJkqCXhN2MS8U6rPzsHkPBUueVT8Ix7vutkFtLKDyXO1u93S1zaRhYj8G0V9D8iJQ=\" rel=\"nofollow noopener\" target=\"_blank\">tina.xiao@ascent-ir.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc4NzU4NCM1NDYwMDQyIzIxOTc1MDU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjcxNjQ2YjktZjAzYS00ZDA1LTg0ZWQtYmNhNGIzNzlhZmZkLTEyMDkwNTg=\/tiny\/EBANG-INTERNATIONAL-HOLDINGS-I.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HANGZHOU, China, March 14, 2023 (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d), a global blockchain technology company, today announced that its cryptocurrency exchange platform, Ebonex, has no exposure incurred in events relating to Silvergate Bank, Signature Bank and Silicon Valley Bank. Mr. Dong Hu, Chairman, Chief Executive Officer of the Company, commented, \u201cWe have been committed to providing customers with a safe trading platform, therefore we have maintained a diversified set of banking partners to limit various potential or unknown risk, and our financial health and capital liquidity remains strong. All customer funds remain secure and accessible. We will continue to expand Fintech&#8217;s business on the basis of compliance and security, and strive &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-confirms-no-impact-by-silicon-valley-bank-events\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ebang International Confirms no Impact by Silicon Valley Bank Events&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739846","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ebang International Confirms no Impact by Silicon Valley Bank Events - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-confirms-no-impact-by-silicon-valley-bank-events\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ebang International Confirms no Impact by Silicon Valley Bank Events - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HANGZHOU, China, March 14, 2023 (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d), a global blockchain technology company, today announced that its cryptocurrency exchange platform, Ebonex, has no exposure incurred in events relating to Silvergate Bank, Signature Bank and Silicon Valley Bank. Mr. Dong Hu, Chairman, Chief Executive Officer of the Company, commented, \u201cWe have been committed to providing customers with a safe trading platform, therefore we have maintained a diversified set of banking partners to limit various potential or unknown risk, and our financial health and capital liquidity remains strong. All customer funds remain secure and accessible. 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(Nasdaq: EBON, the \u201cCompany\u201d, \u201cwe\u201d or \u201cour\u201d), a global blockchain technology company, today announced that its cryptocurrency exchange platform, Ebonex, has no exposure incurred in events relating to Silvergate Bank, Signature Bank and Silicon Valley Bank. Mr. Dong Hu, Chairman, Chief Executive Officer of the Company, commented, \u201cWe have been committed to providing customers with a safe trading platform, therefore we have maintained a diversified set of banking partners to limit various potential or unknown risk, and our financial health and capital liquidity remains strong. All customer funds remain secure and accessible. 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