Ebang, a significant Chinese language Bitcoin (BTC) mining gear provider, is planning to amass a monetary agency in New Zealand to arrange an area
Ebang, a significant Chinese language Bitcoin (BTC) mining gear provider, is planning to amass a monetary agency in New Zealand to arrange an area digital asset monetary service platform.
In keeping with an official announcement on Oct. 14, Ebang Worldwide Holdings has entered an Expression of Curiosity tender letter to amass a 100% share of an unnamed firm. The New Zealand-based agency presents wholesale and generic monetary brokerage and wealth administration companies, the announcement notes.
Ebang representatives emphasised that the potential deal is topic to the “negotiation of a definitive settlement among the many related events,” whereas the acquisition will not be but finalized. The agency acknowledged:
There isn’t a assurance {that a} definitive settlement will probably be entered into or that the proposed transaction will probably be consummated in time, or in any respect.”
Ebang CEO Dong Hu mentioned, “Leveraging our longstanding experience within the blockchain know-how and our current expansions to Singapore, Canada and New Zealand, we’ve taken an enormous stride towards our aim to construct a fully-licensed, Web-based buying and selling platform that gives skilled, handy and modern buying and selling companies.”
Ebang executives didn’t instantly reply to Cointelegraph’s request to touch upon the information.
Ebang went public on Nasdaq in June 2020. The agency desires to arrange a big selection of crypto-related companies together with crypto mining farms, swimming pools, digital asset monetary service platforms, and others.