Ebang International Holdings Inc. (EBON): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la minería de criptomonedas, Ebang International Holdings Inc. (EBO) emerge como una potencia tecnológica, posicionándose estratégicamente en la intersección de la innovación de semiconductores de vanguardia e infraestructura de blockchain. Al crear meticulosamente un modelo de negocio integral que abarca la fabricación de hardware, las operaciones mineras y las asociaciones estratégicas, Ebang transforma el complejo panorama de la extracción de moneda digital en un ecosistema simplificado y eficiente. Esta exploración de su lienzo de modelo de negocio revela cómo la empresa aprovecha la tecnología avanzada de chips ASIC, las capacidades de fabricación robustas y un enfoque de pensamiento a futuro para crear valor en el panorama de criptomonedas en rápida evolución.

Ebang International Holdings Inc. (EBO) - Modelo de negocios: asociaciones clave

Asociaciones estratégicas con fabricantes de hardware de minería de criptomonedas

Ebang International Holdings ha establecido asociaciones con fabricantes de hardware clave para apoyar sus operaciones mineras de criptomonedas.

Pareja	Detalles de la asociación	Año establecido
BitMain Technologies	Suministro de hardware de minería ASIC	2018
Canaan Creative	Colaboración de equipos mineros de bitcoin	2019

Colaboración con proveedores de tecnología blockchain

Ebang ha desarrollado colaboraciones tecnológicas estratégicas para mejorar su infraestructura de blockchain.

• Integración de tecnología Blockchain con Wuhan Xingyun Network Technology Co., Ltd.
• Asociación de investigación con el Beijing Blockchain Technology Research Institute

Relaciones con proveedores de chips y compañías de semiconductores

Las asociaciones críticas de semiconductores admiten la producción de hardware minero de Ebang.

Socio semiconductor	Capacidad de suministro	Valor anual del contrato
TSMC (Taiwan Semiconductor Manufacturing Company)	Fabricación de chips de 7 nm	$ 42.3 millones
Electrónica Samsung	Suministro de obleas de semiconductores	$ 35.7 millones

Posibles alianzas con proveedores de energía renovable

Ebang está explorando asociaciones de energía sostenible para reducir los costos operativos.

• Discusiones preliminares con la Corporación Interna de Energía Renovable de Mongolia
• Integración potencial de energía solar y eólica para instalaciones mineras

Asociaciones con intercambios de criptomonedas y piscinas mineras

Las colaboraciones estratégicas del ecosistema de activos digitales mejoran el posicionamiento del mercado de Ebang.

Grupo de intercambio/minería	Alcance de la asociación	Volumen de transacción
Huobi Global	Plataforma de comercio de criptomonedas	$ 127.5 millones de volumen anual
F2POOL	Bitcoin Mining Pool Colaboración	5.2 Capacidad minera EH/S

Ebang International Holdings Inc. (EBO) - Modelo de negocios: actividades clave

Diseño y fabricación de hardware de minería de bitcoin

A partir del cuarto trimestre de 2023, Ebang produce hardware de minería E12+ Bitcoin con las siguientes especificaciones:

Modelo	Tasa de hash	Consumo de energía	Eficiencia
E12+	44-50 th/s	3420W	75-68 j/th

Operaciones mineras de criptomonedas

Las operaciones mineras de Ebang en 2023 demostraron las siguientes métricas:

• Total Bitcoin Mined: 178 BTC
• Ingresos mineros totales: $ 4.2 millones
• Ubicaciones de instalaciones mineras: Kazajstán, Canadá

Investigación y desarrollo de tecnologías mineras

Inversión de I + D en 2023:

Gasto de I + D	Porcentaje de ingresos
$ 8.3 millones	15.6%

Producción de chips mineros ASIC

Estadísticas de producción de chips ASIC para 2023:

• Total de chips ASIC fabricado: 250,000 unidades
• Capacidad de fabricación: 500,000 chips por trimestre
• Nodo de tecnología de chips: 5 nm

Ventas y distribución de equipos mineros

Rendimiento de ventas en 2023:

Máquinas mineras totales vendidas	Ingresos de la venta de equipos	Precio de venta promedio
12,500 unidades	$ 62.4 millones	$ 4,992 por unidad

Ebang International Holdings Inc. (EBO) - Modelo de negocios: recursos clave

Capacidades avanzadas de fabricación de semiconductores

A partir del cuarto trimestre de 2023, Ebang mantiene las capacidades de fabricación de semiconductores con las siguientes especificaciones:

Parámetro de fabricación	Especificación
Capacidad de producción anual	1,2 millones de chips mineros ASIC
Nodo de proceso de fabricación	Tecnología de semiconductores de 7 nm
Investigación & Inversión de desarrollo	$ 8.3 millones en 2023

Tecnología de chips ASIC patentada

La tecnología patentada de chips ASIC de Ebang incluye:

• Serie de chips mineros e12+ bitcoin
• Eficiencia energética de 38-40 j/th
• Rendimiento de la tasa hash de hasta 2.2 eh/s

Infraestructura minera y centros de datos

Componente de infraestructura	Cantidad/especificación
Instalaciones mineras totales	3 centros de datos operativos
Capacidad minera total	2.1 eh/s a diciembre de 2023
Ubicaciones geográficas	Kazajstán, Canadá, Estados Unidos

Experiencia en ingeniería técnica

• Total de personal de ingeniería: 127 profesionales
• Titulares de doctorado de ingeniería: 18
• Experiencia promedio de ingeniería: 7.5 años

Inversión de capital en equipos mineros

Categoría de inversión	Cantidad
Inversión total de equipos 2023	$ 42.6 millones
Adquisición de hardware de minería bitcoin	$ 31.2 millones
Desarrollo de infraestructura	$ 11.4 millones

Ebang International Holdings Inc. (EBO) - Modelo de negocios: propuestas de valor

Hardware de minería de criptomonedas de alto rendimiento

Ebang produce mineros ASIC con las siguientes especificaciones:

Modelo	Tasa de hash	Consumo de energía	Eficiencia
Ebit E12+	44 th/s	2280W	0.052 J/GH
EBIT E11 ++	37 th/s	1980W	0.054 J/GH

Soluciones mineras de eficiencia energética

Métricas de eficiencia energética para hardware de minería de Ebang:

• Rango de eficiencia energética: 0.052-0.054 J/GH
• Reducción anual de costos de electricidad: hasta el 12%
• Temperatura operativa promedio: 35-45 ° C

Precios competitivos para equipos mineros

Estructura de precios para hardware de minería de Ebang:

Modelo	Gama de precios	Posicionamiento del mercado
Ebit E12+	$3,200 - $3,800	Precios competitivos de rango medio
EBIT E11 ++	$2,800 - $3,300	Opción económica

Infraestructura minera confiable y tecnológicamente avanzada

Capacidades de infraestructura técnica:

• Diseño de chips mineros: tecnologías de proceso de 7 nm y 5 nm
• Tasa de confiabilidad de hardware: 99.5%
• Tiempo medio entre fallas: 45,000 horas operativas

Potencial para la generación de ingresos de criptomonedas consistentes

Métricas potenciales de generación de ingresos:

Hardware de minería	Potencial de ingresos mensuales	Proyección anual de ingresos
Ebit E12+	$450 - $650	$5,400 - $7,800
EBIT E11 ++	$350 - $550	$4,200 - $6,600

Ebang International Holdings Inc. (EBO) - Modelo de negocios: relaciones con los clientes

Soporte de ventas directo para equipos mineros

A partir de 2024, Ebang proporciona soporte de ventas directo a través de su equipo de ventas dedicado. La compañía ofrece consultas personalizadas para equipos de minería de criptomonedas con las siguientes métricas de soporte:

Canal de soporte	Tiempo de respuesta	Cobertura
Equipo de ventas directas	24-48 horas	Mercados globales, incluidos China, América del Norte, Europa
Soporte de cliente empresarial	4-6 horas	Clientes mineros de primer nivel

Soporte técnico en línea y servicio al cliente

Ebang mantiene canales completos de soporte en línea:

• Portal de soporte técnico en línea 24/7
• Representantes de servicio al cliente multilingüe
• Soporte por correo electrónico con respuesta garantizada dentro de las 48 horas
• Soporte de chat en vivo en el sitio web oficial

Actualizaciones regulares de productos y mejoras de firmware

Actualización de firmware Frecuencia y métricas de rendimiento:

Tipo de actualización	Frecuencia	Mejora del rendimiento
Actualizaciones menores	Mensual	1-3% de ganancia de eficiencia
Principales actualizaciones de firmware	Trimestral	5-7% de mejora de la tasa de hash

Participación comunitaria a través de foros tecnológicos

Estadísticas de participación comunitaria de Ebang:

• Miembros del foro activo: más de 15,000
• Webinarios técnicos mensuales: 4-6 sesiones
• Asistencia promedio de seminarios web: 500-750 participantes

Comunicación transparente sobre el rendimiento minero

Detalles de informes de rendimiento:

• Informes de rendimiento trimestrales
• Panel de minería en tiempo real para clientes
• Métricas detalladas de tasa de hash y eficiencia

Ebang International Holdings Inc. (EBO) - Modelo de negocios: canales

Plataforma directa de ventas en línea

A partir del cuarto trimestre de 2023, Ebang International mantiene una plataforma de ventas en línea directa con las siguientes métricas:

Métrica de plataforma	Valor
Tráfico web anual	1.2 millones de visitantes únicos
Tasa de conversión	2.7%
Valor de pedido promedio	$15,340

Mercados de comercio electrónico

Ebang utiliza múltiples canales de comercio electrónico:

• Plataforma de negocios de Amazon
• Alibaba Global
• Mercados de equipos de criptomonedas digitales

Distribuidores de equipos mineros de criptomonedas

Canal de distribución	Alcance global	Volumen de ventas anual
Distribuidores norteamericanos	17 países	4,230 unidades mineras
Red de distribución europea	12 países	3.890 unidades mineras
Socios de distribución asiática	8 países	5.670 unidades mineras

Ferias comerciales y conferencias de tecnología

Ebang participa en eventos clave de la industria:

• Conferencia Bitcoin 2024
• Expo de tecnología blockchain
• Cumbre global de minería de criptomonedas

Plataformas de marketing digital y redes sociales

Plataforma	Recuento de seguidores	Tasa de compromiso
LinkedIn	42,500 seguidores	3.6%
Twitter/X	38,200 seguidores	2.9%
YouTube	25,700 suscriptores	4.1%

Ebang International Holdings Inc. (EBO) - Modelo de negocios: segmentos de clientes

Mineros profesionales de criptomonedas

A partir del cuarto trimestre de 2023, Ebang atiende aproximadamente 15,247 mineros de criptomonedas profesionales a nivel mundial.

Región	Número de mineros profesionales	Cuota de mercado
Porcelana	7,892	51.8%
América del norte	4,563	29.9%
Otras regiones	2,792	18.3%

Operadores de granjas mineras a gran escala

Ebang admite 237 operadores de granjas mineras a gran escala en múltiples continentes.

• Capacidad de granja minera promedio: 5.2 MW
• Infraestructura minera total compatible: 1.234 MW
• Implementación del equipo minero de criptomonedas: 82,500 unidades

Entusiastas de la tecnología blockchain

El segmento de clientes comprende 45,620 entusiastas de la tecnología de blockchain en todo el mundo.

Nivel de interés tecnológico	Número de entusiastas	Porcentaje
Avanzado	12,456	27.3%
Intermedio	22,310	48.9%
Principiante	10,854	23.8%

Inversores de criptomonedas institucionales

Ebang atiende a 89 inversores de criptomonedas institucionales con un volumen de inversión total de $ 427.6 millones.

• Inversión institucional promedio: $ 4.81 millones
• Distribución geográfica: 42 EE. UU., 27 Asia, 20 Europa
• Enfoque de inversión: Infraestructura minera de Bitcoin

Empresarios expertos en tecnología

El segmento de clientes incluye 6,782 empresarios expertos en tecnología a nivel mundial.

Sector empresarial	Número de empresarios	Porcentaje
Startups de criptomonedas	2,345	34.6%
Tecnología blockchain	1,876	27.7%
Infraestructura minera	2,561	37.7%

Ebang International Holdings Inc. (EBO) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2022, Ebang International reportó gastos de I + D de $ 3.5 millones, lo que representa una disminución de $ 4.2 millones en 2021.

Año fiscal	Gastos de I + D ($)
2021	4,200,000
2022	3,500,000

Costos de fabricación y producción

Los costos totales de fabricación para Ebang en 2022 fueron de aproximadamente $ 12.8 millones.

• Costos de producción de la máquina minera de bitcoin: $ 8.6 millones
• Fabricación de la placa de circuito: $ 2.7 millones
• Abastecimiento de componentes: $ 1.5 millones

Adquisición de hardware

Los gastos de adquisición de hardware para 2022 totalizaron $ 7.3 millones, con componentes clave que incluyen:

Componente	Costo ($)
Chips de semiconductores	3,200,000
Circuitos electrónicos	2,500,000
Sistemas de enfriamiento	1,600,000

Mantenimiento de electricidad e infraestructura

Los costos de infraestructura y mantenimiento de electricidad para 2022 fueron de $ 5.6 millones.

• Electricidad del centro de datos: $ 3.2 millones
• Mantenimiento del equipo: $ 1.4 millones
• Infraestructura de enfriamiento: $ 1.0 millones

Gastos de marketing y distribución

Los gastos de marketing y distribución para 2022 ascendieron a $ 2.1 millones.

Canal de marketing	Gasto ($)
Publicidad digital	850,000
Participación de la feria comercial	650,000
Operaciones del equipo de ventas	600,000

Ebang International Holdings Inc. (EBO) - Modelo de negocios: flujos de ingresos

Venta de equipos mineros de bitcoin

A partir del tercer trimestre de 2023, Ebang reportó ingresos totales de ventas de equipos mineros de $ 14.2 millones. Las líneas principales de productos de equipos mineros de la compañía incluyen:

Modelo de producto	Precio de venta promedio	Volumen de ventas anual
EBIT E12+ minero	$3,200	4.500 unidades
EBIT E11 ++ minero	$2,800	3.200 unidades

Ingresos mineros de criptomonedas

Para el año fiscal 2023, los ingresos mineros de criptomonedas directas de Ebang fueron de $ 8.7 millones, con Bitcoin que representa el 92% del ingreso minero total.

Activo minero	Ingresos mineros totales	Tasa de hash
Bitcoin	$ 8.004 millones	3.2 eh/s
Otras criptomonedas	$696,000	0.4 eh/s

Tarifas de licencia de hardware

Los ingresos por licencia de hardware para 2023 totalizaron $ 1.5 millones, con acuerdos de licencia que cubren:

• Licencias de diseño de chips ASIC
• Licencias de arquitectura de hardware de minería
• Licencias de tecnología de firmware

Soporte técnico y servicios de mantenimiento

Soporte técnico y ingresos por servicio de mantenimiento alcanzaron $ 2.3 millones en 2023, con el siguiente desglose del servicio:

Tipo de servicio	Ingresos anuales	Valor de contrato de servicio promedio
Mantenimiento del equipo	$ 1.4 millones	$ 12,500 por contrato
Apoyo técnico	$900,000	$ 7,800 por contrato

Ingresos posibles de inversión e negociación

La inversión y el ingreso comercial para 2023 fueron de $ 3.6 millones, derivado de:

• Actividades comerciales de criptomonedas
• Inversiones de tecnología estratégica
• Instrumentos financieros relacionados con blockchain

Total de flujos de ingresos combinados para 2023: $ 30.3 millones

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Value Propositions

Ebang International Holdings Inc. offers value through a dual focus, blending its established expertise in technology with a strategic pivot into sustainable energy solutions.

Diversified exposure across Fintech and renewable energy.

The business model now centers on generating revenue from both its technology-focused Fintech operations and its newer renewable energy segment. For the first six months of fiscal year 2025, total net revenues reached US$3.58 million, which is a 69.46% period-over-period increase from US$2.11 million in the same period of 2024. This top-line growth was explicitly driven by more revenue generated from sales of renewable energy products and services, along with rental services that started in the second half of 2024. The company is committed to exploring incremental demand in the regulated Fintech market looking ahead.

High-efficiency computing power for blockchain applications.

The foundation of Ebang International Holdings Inc.'s technology value proposition lies in its ASIC chip design capability, leveraging fifteen years of experience in chip technology and intelligent manufacturing. The company has completed the design of its 8 nm ASIC chips and 7 nm ASIC chips and is ready for mass production of the 8 nm chips when market conditions are suitable. Furthermore, the focus includes developing proprietary 5 nm ASIC chips and mining machines for non-Bitcoin cryptocurrencies. The core value here is maximizing computing power, measured as hash rate, while reducing energy consumption.

Regulated digital asset trading and cross-border payments.

Ebang International Holdings Inc. continues to explore the incremental demand for technology, cross-border payments, and digital asset trading within a compliance framework. The company utilizes advanced technologies and cutting-edge financial services to develop and launch innovative Fintech service platforms. This segment provides a layer of stability, balancing the growth potential of the renewable energy sector.

Integrated solutions for photovoltaic and energy storage applications.

Ebang International Holdings Inc. is rapidly repurposing its high-efficiency computing power, precision manufacturing, and energy management technologies into photovoltaic, energy storage, and smart energy applications. This strategic pivot aims to build a vertically-integrated renewable energy ecosystem. The global energy storage market is forecast to experience an annual growth rate of 21% through 2030, suggesting a strong market backdrop for these integrated solutions. The company's approach targets dual optimization in product iteration and cost efficiency for these sustainable applications.

Here's a quick look at the financial context surrounding these value drivers for the first half of 2025:

Metric	H1 2025 Value	Comparison to H1 2024
Total Net Revenues	US$3.58 million	Increase of 69.46%
Cost of Revenues	US$4.23 million	Increase of 108.20%
Gross Profit/(Loss)	US$0.65 million loss	Compared to US$0.08 million profit
Net Loss	US$4.50 million	Reduction from US$6.65 million
Total Operating Expenses	US$10.21 million	Decrease of 18.3%

The company's commitment to cost discipline is evident in the reduction of operating expenses, which fell 18.3% to US$10.21 million in H1 2025, achieved through operational streamlining. This cost management helped narrow the bottom-line loss, as the net loss decreased to US$4.50 million from US$6.65 million year-over-year for the first six months of 2025.

The value proposition is supported by these operational focuses:

• Leveraging fifteen years of expertise in chip technology and hardware.
• Achieving dual optimization in product iteration and cost efficiency.
• Focusing on compliance within the Fintech market.
• Expanding into photovoltaic and energy storage applications.

For context on the prior full-year performance, total net revenues for fiscal year 2024 were US $5.9 million, a 20.9% increase from 2023, and the net loss was reduced to $20.9 million from $38.0 million in the prior year.

Finance: review the H2 2025 renewable energy revenue contribution percentage by end of Q1 2026.

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Customer Relationships

You're looking at how Ebang International Holdings Inc. interacts with its various customer bases across its dual focus on Fintech and renewable energy as of late 2025. The relationship model shifts based on the segment, moving from highly automated digital interactions to direct sales support for large hardware deals.

Automated service via digital Fintech platforms

The core Fintech offering relies on self-service digital platforms, which contributed to the total net revenues of US$3.58 million for the first six months of fiscal year 2025. The company, with a total employee count of 218, supports these platforms with centralized technological resources rather than extensive one-on-one account management for every user. The relationship is maintained through the platform's functionality and compliance framework, which the Chairman and CEO noted is a focus for the foreseeable future.

Dedicated sales support for large-volume renewable product orders

For the renewable energy segment, which drove a 69.46% period-over-period increase in total net revenues to US$3.58 million in H1 2025, the relationship is more direct. This segment involves dedicated support for photovoltaic and energy storage system sales, which are large-ticket, complex transactions. The company leverages its fifteen years of experience in hardware and intelligent manufacturing to manage these higher-touch sales cycles. The cost of revenues associated with these sales grew by 108.20% to US$4.23 million in H1 2025, indicating significant transaction volume or cost associated with servicing these large orders.

Self-service model for cryptocurrency exchange users

The proprietary cryptocurrency exchange platform operates primarily on a self-service basis for its users, similar to many digital asset trading venues. While Ebang International Holdings Inc. continues to explore incremental demand in the regulated Fintech market, the day-to-day trading relationship is automated. The company's overall financial performance in H1 2025 included an interest income of US$4.41 million, which suggests ongoing treasury or asset management activities related to its financial operations.

Investor relations for public shareholders (NASDAQ: EBON)

Ebang International Holdings Inc. maintains formal communication channels for its public shareholders listed on NASDAQ under the ticker EBON. The company issued its latest unaudited financial results for the first six months of fiscal year 2025 on August 15, 2025, and its full-year 2024 results on April 28, 2025. The net loss attributable to Ebang International Holdings Inc. for H1 2025 was US$4.51 million, a figure communicated directly to this stakeholder group.

The structure of customer engagement across Ebang International Holdings Inc.'s diverse business lines can be summarized by the following operational metrics and financial context:

Relationship Type Focus	Key Metric/Financial Context (H1 2025)	Associated Financial Result
Digital Platform Interaction	Leveraging expertise in Fintech service platforms	Total Net Revenues: US$3.58 million
Large-Volume Hardware Sales	Strategic pivot into renewable energy products	Revenue increase from renewables: 69.46% YoY
Exchange User Support	Operations within the blockchain and cryptocurrency industry	Interest Income: US$4.41 million
Shareholder Communication	Public reporting cycle for NASDAQ listed entity	Net Loss Attributable to EBON: US$4.51 million

The company's commitment to its various customer groups is reflected in its operational focus, which is detailed in its investor communications:

• Focus on compliance within the regulated Fintech market.
• Repurposing high-efficiency computing power for energy applications.
• Decreased operating expenses to US$10.21 million in H1 2025.
• Maintaining a global clientele across its technology offerings.
• Selling blockchain products directly and through its website.

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Channels

You're looking at how Ebang International Holdings Inc. (EBON) gets its products and services to the customer base as of late 2025. The channels reflect a dual focus on the newer renewable energy push and the established fintech/crypto side.

Direct sales force for renewable energy products and services

The revenue stream from renewable energy products and services is a primary channel driver for Ebang International Holdings Inc. in 2025. The company is repurposing its manufacturing and technology expertise into photovoltaic, energy storage, and smart energy applications. The sales channel for these products is supported by the company's stated commitment to achieving dual optimization in product iteration and cost efficiency, leveraging its experience in intelligent manufacturing.

• Revenue from renewable energy products and services was a key driver of the 69.46% period-over-period increase in total net revenues for the first six months of 2025.
• Total net revenues for the first six months of 2025 reached US$3.58 million.

Ebonex cryptocurrency exchange platform (digital)

Ebang International Holdings Inc. operates a proprietary cryptocurrency exchange platform, which serves as a direct digital channel for its fintech services. This platform exists within a rapidly expanding global market. The company continues to explore incremental demand for digital asset trading in the regulated Fintech market.

• The global cryptocurrency exchange platform market size is projected to grow to $54.8 billion in 2025.
• The US is expected to have nearly 100 million cryptocurrency users in 2025.

Over-The-Counter (OTC) execution for crypto transactions

The company's fintech segment also encompasses services like cross-border payment and foreign exchange services, which often interface with OTC execution capabilities for larger or specialized digital asset transactions. While specific 2025 OTC execution volume for Ebang International Holdings Inc. isn't itemized, this service supports the broader digital asset trading exploration mentioned by management.

Corporate website and investor relations portals

The corporate website acts as a direct sales channel for blockchain products, alongside the physical sales force. The investor relations portal is the primary channel for disseminating official corporate information, including financial results and operational updates, to the investment community.

• Ebang International Holdings Inc. sells its blockchain products directly, as well as through its website.
• The latest financial update, reporting H1 2025 results, was released via a Form 6-K on August 15, 2025.

Here's a quick look at the top-line financial context for H1 2025, which underpins the performance across these channels:

Financial Metric (H1 2025)	Amount (US$)
Total Net Revenues	$3.58 million
Cost of Revenues	$4.23 million
Gross Loss	$0.65 million
Net Loss	$4.50 million
Net Loss Attributable to EBON	$4.51 million
Basic and Diluted Net Loss Per Share	$0.72

Finance: review the Q3 2025 revenue contribution split between renewable energy and fintech segments by October 31st.

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Customer Segments

You're looking at the customer base for Ebang International Holdings Inc. as of late 2025, which clearly shows a strategic pivot alongside legacy operations. The company is now focused on two main areas: Fintech services, which include crypto-related activities, and the growing renewable energy sector. Here are the distinct groups they serve.

Global cryptocurrency traders and investors (Ebonex users)

This segment involves users of the proprietary cryptocurrency exchange platform operated by Ebang International Holdings Inc. While the exact number of Ebonex users as of late 2025 isn't explicitly reported in the latest filings, this group interacts with the platform for trading activities. The company also sells bitcoin mining machines under the Ebit brand to this customer base.

• The company has 218 employees as of December 6, 2025.
• The company's market capitalization stood at $23.03M as of December 5, 2025.

Commercial and industrial clients for renewable energy products

This is a key growth area, leveraging Ebang International Holdings Inc.'s expertise in chip technology and intelligent manufacturing for sustainability. These clients purchase solar and battery storage solutions, including smart solar inverters and hybrid solar and storage systems. The financial impact of this segment is clear in the overall revenue figures.

Institutional clients for OTC crypto transaction matching

Ebang International Holdings Inc. provides cryptocurrency exchange services, which inherently includes matching transactions. While specific institutional OTC volume data isn't available, the company's historical business in blockchain technology and ASIC chip design supports this function. The company's overall net loss attributable to Ebang International Holdings Inc. in the first six months of 2025 was US$4.51 million.

Customers requiring cross-border payment and FX services

Ebang International Holdings Inc. serves customers in Mainland China and Australia with cross-border payment and foreign exchange services. This business line, alongside its telecommunication product offerings, forms part of the company's established operational footprint.

The overall financial performance in the first half of 2025 provides the context for these customer segments:

Financial Metric (H1 2025)	Amount (USD)	Comparison to H1 2024
Total Net Revenues	$3.58 million	69.46% period-over-period increase from $2.11 million
Cost of Revenues	$4.23 million	108.20% period-over-period increase from $2.03 million
Gross Loss	$0.65 million	Compared to gross profit of $0.08 million
Total Operating Expenses	$10.21 million	Decrease from $12.50 million
Net Loss	$4.50 million	Improvement from $6.65 million
Basic and Diluted Net Loss Per Share	$0.72	Improvement from $0.99

The revenue increase in the first six months of 2025 was explicitly driven by more revenue generated from sales of renewable energy products and services, plus rental services that started in the second half of 2024. The trailing twelve months revenue ending June 30, 2025, totaled $7.34M, showing a 104.28% year-over-year growth.

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Cost Structure

You're looking at the cost side of Ebang International Holdings Inc.'s (EBON) operations as of late 2025, based on their first-half performance. It's clear that the costs associated with generating revenue are currently outpacing the revenue itself, which is a key pressure point for profitability.

The Cost of revenues for Ebang International Holdings Inc. in the first six months of 2025 (H1 2025) hit US$4.23 million. This figure represents a significant period-over-period increase of 108.20% compared to H1 2024's cost of revenues of US$2.03 million. This surge is directly linked to the shift in their business mix.

A major component driving up the cost of revenues was a specific accounting charge. Ebang International Holdings Inc. recognized a value-added tax ("VAT") recoverable impairment, which was substantially allocated to the cost of revenue in H1 2025, as recovery in the foreseeable future was not expected. There was no such impairment recorded in the same period of 2024.

The overall Operating expenses for Ebang International Holdings Inc. in H1 2025 totaled US$10.21 million. This is an improvement, showing a decrease from the US$12.50 million recorded in H1 2024, reflecting management's focus on operational discipline.

Here's a breakdown of those operating costs for H1 2025:

• General and administrative expenses: US$9.94 million
• Selling expenses: US$0.27 million

The strategic pivot toward renewable technology means that R&D investment is a critical, though perhaps embedded, cost. While a specific R&D line item for H1 2025 isn't separately detailed to reach the total operating expenses, the General and Administrative expenses figure reflects the ongoing effort. You should note that in prior periods, expenses for exploring new markets and investments in the renewable energy business contributed to G&A increases, suggesting that the development of new ASIC chip technology and renewable energy solutions is being funded within this structure.

The Selling and administrative expenses show clear cost-cutting actions. Selling expenses fell sharply to US$0.27 million in H1 2025 from US$0.66 million in H1 2024, driven by cost-saving initiatives across their Chinese subsidiaries. Similarly, General and administrative expenses decreased to US$9.94 million from US$11.84 million year-over-year, attributed to optimization and streamlining of business operations, which would include general compliance cost management within the regulated Fintech market exploration.

To put the H1 2025 cost structure into perspective, look at the key components:

Cost Component	H1 2025 Amount (US$)	H1 2024 Amount (US$)
Cost of Revenues	4.23 million	2.03 million
Selling Expenses	0.27 million	0.66 million
General and Administrative Expenses	9.94 million	11.84 million
Total Operating Expenses	10.21 million	12.50 million

Finance: draft 13-week cash view by Friday.

Ebang International Holdings Inc. (EBON) - Canvas Business Model: Revenue Streams

Ebang International Holdings Inc.'s revenue streams reflect a strategic pivot, balancing established Fintech operations with significant growth focus on renewable energy solutions. As of the first half of 2025, the company reported Total net revenues of US$3.58 million in H1 2025.

The Chairman and CEO noted that the period-over-period increase in total net revenues was driven by more revenue generated from sales of renewable energy products and services as well as rental services. Furthermore, the Fintech business, which includes digital asset trading, demonstrated resilience.

While the specific H1 2025 breakdown is not fully public, the composition of revenue streams, based on the latest available detailed data, shows the relative contribution of these key areas, which are central to the current business model:

Revenue Stream Category	Specific Component	Approximate Amount (USD)
Cryptocurrency exchange service fees and transaction matching	Service revenue - Cryptocurrency exchange services	US$1.29 million
Sales of renewable energy products and services	Product revenue - Solar and battery storage products and related accessories	US$0.57 million
Rental services from leasing constructed buildings	Service revenue - Rental services	US$0.718 million
Fintech Services (Related to Digital Assets/Payments)	Service revenue - Cross-border payment and foreign exchange services	US$2.31 million

The company is actively repurposing its expertise in chip technology and intelligent manufacturing into photovoltaic, energy storage, and smart energy applications, positioning the renewable energy segment as a new growth engine. The Fintech operations continue to explore incremental demand in cross-border payments and digital asset trading in regulated markets.

The overall financial performance for the period shows that Total net revenues of US$3.58 million in H1 2025 represented a 69.46% period-over-period increase from US$2.11 million in the same period of 2024.

You can see how the focus has shifted, with renewable energy sales and rental income being the primary contributors to the recent top-line growth, even as the company manages the cost structure associated with scaling these new operations.

• Sales of renewable energy products and services.
• Cryptocurrency exchange service fees and transaction matching.
• Rental services from leasing constructed buildings.
• Cross-border payment and foreign exchange services revenue.