{"id":189061,"date":"2021-02-25T21:40:00","date_gmt":"2021-02-25T18:40:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ebang-planning-to-expand-business-to-mine-ltc-and-doge\/"},"modified":"2021-02-25T21:40:00","modified_gmt":"2021-02-25T18:40:00","slug":"ebang-planning-to-expand-business-to-mine-ltc-and-doge","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ebang-planning-to-expand-business-to-mine-ltc-and-doge\/","title":{"rendered":"# Ebang planning to expand business to mine LTC and DOGE"},"content":{"rendered":"

“# Ebang planning to expand business to mine LTC and DOGE <\/strong>”
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According to an announcement from Chinese mining equipment supplier Ebang, the mining firm\u2019s board passed<\/a> a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing some from other crypto mining manufacturers. <\/p>\n

By \u201cleasing computing powers from other mining farms,\u201d Ebang claimed it will be able to mine the two tokens simultaneously. CEO Dong Hu said the move was part of the company\u2019s transition from a manufacturer of mining equipment to a \u201cdiversified and vertically integrated blockchain company.\u201d<\/p>\n

\u201cWe will develop LTC and Doge mining on the basis of our Bitcoin mining business,\u201d said Hu. \u201cThe development of the business will further promote our related cryptocurrency-focused businesses and increase our revenue.\u201d <\/p>\n

The Chinese firm has been selling its own brand of mining equipment since December 2016. However, as part of its June 2020 announcement that it would be going public on the Nasdaq Global Market, Ebang said it would be expanding its services to include crypto mining facilities. Last week, the firm announced<\/a> it would be establishing a Bitcoin (BTC) mining business, and it reportedly plans<\/a> to launch a cryptocurrency exchange before the end of the first quarter. <\/p>\n

Like Bitmain, MicroBT and Canaan, Ebang is considered one of the largest mining equipment makers globally. Since going public, the company\u2019s stock has increased more than 60%, from $5.00 to $8.05 at the time of publication. It is also planning to expand its services to New Zealand by purchasing a local financial firm and setting up a digital asset platform.<\/p>\n