Ebang International Holdings Inc. (EBON): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique de l'exploitation des crypto-monnaies, Ebang International Holdings Inc. (EBON) émerge comme une puissance technologique, se positionnant stratégiquement à l'intersection de l'innovation de semi-conducteurs de pointe et de l'infrastructure de la blockchain. En fabriquant méticuleusement un modèle commercial complet qui couvre la fabrication matérielle, les opérations minières et les partenariats stratégiques, Ebang transforme le paysage complexe de l'extraction de monnaie numérique en un écosystème rationalisé et efficace. Cette exploration de leur canevas sur le modèle commercial révèle comment l'entreprise exploite la technologie avancée des puces ASIC, des capacités de fabrication robustes et une approche avant-gardiste pour créer de la valeur dans le paysage de crypto-monnaie en évolution rapide.

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les fabricants de matériel d'exploitation de crypto-monnaie

Ebang International Holdings a établi des partenariats avec les principaux fabricants de matériel pour soutenir ses opérations d'extraction de crypto-monnaie.

Partenaire	Détails du partenariat	Année établie
Bitmain Technologies	ASIC Mining Mardware Supply	2018
Canaan créatif	Collaboration d'équipement d'extraction de Bitcoin	2019

Collaboration avec les fournisseurs de technologies de blockchain

Ebang a développé des collaborations technologiques stratégiques pour améliorer son infrastructure blockchain.

• Blockchain Technology Intégration avec Wuhan Xingyun Network Technology Co., Ltd.
• Partenariat de recherche avec le Pékin Blockchain Technology Research Institute

Relations avec les fournisseurs de puces et les sociétés de semi-conducteurs

Les partenariats critiques semi-conducteurs prennent en charge la production de matériel minier d'Ebang.

Partenaire semi-conducteur	Capacité d'approvisionnement	Valeur du contrat annuel
TSMC (Taiwan Semiconductor Manufacturing Company)	Fabrication de puces 7NM	42,3 millions de dollars
Samsung Electronics	Approvisionnement en plaquette semi-conducteur	35,7 millions de dollars

Alliances potentielles avec des fournisseurs d'énergie renouvelable

Ebang explore les partenariats énergétiques durables pour réduire les coûts opérationnels.

• Discussions préliminaires avec la Mongolie intérieure Renouvelable Energy Corporation
• Intégration potentielle d'énergie solaire et éolienne pour les installations minières

Partenariats avec les échanges de crypto-monnaie et les piscines minières

Les collaborations stratégiques des écosystèmes d'actifs numériques améliorent le positionnement du marché d'Ebang.

Pool d'échange / mine	Portée du partenariat	Volume de transaction
Huobi global	Plateforme de trading de crypto-monnaie	Volume annuel de 127,5 millions de dollars
F2pool	Bitcoin Mining Pool Collaboration	5.2 Capacité minière EH / S

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: Activités clés

Conception et fabrication du matériel d'extraction de Bitcoin

Depuis le Q4 2023, Ebang produit du matériel d'exploration de bitcoin E12 + avec les spécifications suivantes:

Modèle	Taux de hachage	Consommation d'énergie	Efficacité
E12 +	44-50 th / s	3420W	75-68 J / Th

Opérations d'exploration de crypto-monnaie

Les opérations minières d'Ebang en 2023 ont démontré les mesures suivantes:

• Total Bitcoin exploité: 178 BTC
• Revenus minières totaux: 4,2 millions de dollars
• Emplacements des installations minières: Kazakhstan, Canada

Recherche et développement des technologies minières

Investissement en R&D en 2023:

Dépenses de R&D	Pourcentage de revenus
8,3 millions de dollars	15.6%

Production de puces minières ASIC

Statistiques de production des puces ASIC pour 2023:

• Total des puces ASIC fabriquées: 250 000 unités
• Capacité de fabrication: 500 000 puces par trimestre
• Node de technologie de puce: 5nm

Ventes et distribution d'équipements minières

Performance des ventes en 2023:

Machines minières totales vendues	Revenus des ventes d'équipements	Prix ​​de vente moyen
12 500 unités	62,4 millions de dollars	4 992 $ par unité

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: Ressources clés

Capacités de fabrication avancées des semi-conducteurs

Depuis le quatrième trimestre 2023, Ebang maintient les capacités de fabrication de semi-conducteurs avec les spécifications suivantes:

Paramètre de fabrication	Spécification
Capacité de production annuelle	1,2 million de jetons miniers ASIC
Nœud de processus de fabrication	Technologie des semi-conducteurs 7NM
Recherche & Investissement en développement	8,3 millions de dollars en 2023

Technologie de puce ASIC propriétaire

La technologie de puce ASIC propriétaire d'Ebang comprend:

• E12 + Bitcoin Mining Chip Series
• Efficacité énergétique de 38-40 J / Th
• Performance de taux de hachage jusqu'à 2,2 eh / s

Infrastructure minière et centres de données

Composant d'infrastructure	Quantité / spécification
Installations minières totales	3 centres de données opérationnels
Capacité minière totale	2.1 EH / S en décembre 2023
Emplacements géographiques	Kazakhstan, Canada, États-Unis

Expertise en génie technique

• Personnel d'ingénierie total: 127 professionnels
• Poldants de doctorat en génie: 18
• Expérience d'ingénierie moyenne: 7,5 ans

Investissement en capital dans l'équipement minière

Catégorie d'investissement	Montant
Investissement total d'équipement 2023	42,6 millions de dollars
Acquisition de matériel d'exploitation bitcoin	31,2 millions de dollars
Développement des infrastructures	11,4 millions de dollars

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: propositions de valeur

Matériel d'exploration de crypto-monnaie haute performance

Ebang produit des mineurs ASIC avec les spécifications suivantes:

Modèle	Taux de hachage	Consommation d'énergie	Efficacité
EBIT E12 +	44 th / s	2280W	0,052 J / GH
EBIT E11 ++	37 th / s	1980w	0,054 J / GH

Solutions minières économes en énergie

Métriques de l'efficacité énergétique pour le matériel minière Ebang:

• Plage d'efficacité électrique: 0,052-0.054 J / GH
• Réduction annuelle des coûts d'électricité: jusqu'à 12%
• Température opérationnelle moyenne: 35-45 ° C

Prix ​​compétitifs pour l'équipement minière

Structure de tarification pour le matériel minière Ebang:

Modèle	Fourchette	Positionnement du marché
EBIT E12 +	$3,200 - $3,800	Prix ​​compétitifs de milieu de gamme
EBIT E11 ++	$2,800 - $3,300	Option pour le budget

Infrastructure minière fiable et technologiquement avancée

Capacités d'infrastructure technique:

• Conception de la puce d'exploitation: technologies de processus 7nm et 5nm
• Taux de fiabilité du matériel: 99,5%
• Temps moyen entre les échecs: 45 000 heures d'opération

Potentiel de génération de revenus de crypto-monnaie cohérente

Génération de revenus Mesures potentielles:

Matériel d'exploitation	Potentiel de revenus mensuel	Projection annuelle des revenus
EBIT E12 +	$450 - $650	$5,400 - $7,800
EBIT E11 ++	$350 - $550	$4,200 - $6,600

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: relations avec les clients

Assistance des ventes directes pour l'équipement minière

Depuis 2024, Ebang fournit un support de vente direct par le biais de son équipe de vente dédiée. La société offre une consultation personnalisée pour l'équipement d'extraction de crypto-monnaie avec les mesures de support suivantes:

Canal de support	Temps de réponse	Couverture
Équipe de vente directe	24-48 heures	Marchés mondiaux, notamment la Chine, l'Amérique du Nord, l'Europe
Assistance client d'entreprise	4-6 heures	Clients miniers de haut niveau

Assistance technique en ligne et service client

Ebang maintient des canaux de soutien en ligne complets:

• Portail de support technique 24/7 en ligne
• Représentants multilingues du service à la clientèle
• Assistance par e-mail avec une réponse garantie dans les 48 heures
• Support de chat en direct sur le site officiel

Mises à jour régulières des produits et améliorations du micrologiciel

Mise à jour du micrologiciel Fréquence et mesures de performances:

Type de mise à jour	Fréquence	Amélioration des performances
Mises à jour mineures	Mensuel	Gain d'efficacité de 1 à 3%
Amélioration majeure du micrologiciel	Trimestriel	Amélioration du taux de hachage de 5 à 7%

Engagement communautaire à travers les forums technologiques

Statistiques de l'engagement communautaire d'Ebang:

• Membres du forum actif: 15 000+
• Webinaires techniques mensuels: 4-6 séances
• Association moyenne du webinaire: 500-750 participants

Communication transparente sur les performances minières

Détails de rapport de performance:

• Rapports de performance trimestriels
• Tableau de bord minier en temps réel pour les clients
• Métriques détaillées du taux de hachage et d'efficacité

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: canaux

Plateforme de vente en ligne directe

Au quatrième trimestre 2023, Ebang International conserve une plate-forme de vente en ligne directe avec les mesures suivantes:

Métrique de la plate-forme	Valeur
Trafic Web annuel	1,2 million de visiteurs uniques
Taux de conversion	2.7%
Valeur de commande moyenne	$15,340

Marchés de commerce électronique

Ebang utilise plusieurs canaux de commerce électronique:

• Plateforme commerciale Amazon
• Alibaba Global
• Marchanisse des équipements numériques de crypto-monnaie

Distributeurs d'équipement d'extraction de crypto-monnaie

Canal de distribution	Portée mondiale	Volume des ventes annuelles
Distributeurs nord-américains	17 pays	4 230 unités minières
Réseau de distribution européen	12 pays	3 890 unités minières
Partenaires de distribution asiatique	8 pays	5 670 unités minières

Salons professionnels et conférences technologiques

Ebang participe à des événements clés de l'industrie:

• Conférence Bitcoin 2024
• Expo de la technologie de la blockchain
• Sommet mondial des mines de crypto-monnaie

MARKETING DIGULE ET PLADES DE MÉDAISE SOCIAL

Plate-forme	Nombre de suiveurs	Taux d'engagement
Liendin	42 500 abonnés	3.6%
Twitter / x	38 200 abonnés	2.9%
Youtube	25 700 abonnés	4.1%

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: segments de clientèle

Mineurs de crypto-monnaie professionnelle

Depuis le quatrième trimestre 2023, Ebang dessert environ 15 247 mineurs de crypto-monnaie professionnels dans le monde.

Région	Nombre de mineurs professionnels	Part de marché
Chine	7,892	51.8%
Amérique du Nord	4,563	29.9%
Autres régions	2,792	18.3%

Opérateurs de ferme minière à grande échelle

Ebang soutient 237 opérateurs agricoles minières à grande échelle sur plusieurs continents.

• Capacité agricole minière moyenne: 5,2 MW
• Infrastructure minière totale soutenue: 1 234 MW
• Déploiement d'équipements d'extraction de crypto-monnaie: 82 500 unités

Antariens de la technologie de la blockchain

Le segment de la clientèle comprend 45 620 amateurs de technologie de la blockchain dans le monde.

Niveau d'intérêt technologique	Nombre de passionnés	Pourcentage
Avancé	12,456	27.3%
Intermédiaire	22,310	48.9%
Débutant	10,854	23.8%

Investisseurs institutionnels de crypto-monnaie

Ebang dessert 89 investisseurs institutionnels de crypto-monnaie avec un volume d'investissement total de 427,6 millions de dollars.

• Investissement institutionnel moyen: 4,81 millions de dollars
• Distribution géographique: 42 États-Unis, 27 Asie, 20 Europe
• Focus d'investissement: infrastructure d'exploration de bitcoin

Entrepreneurs avertis de la technologie

Le segment de la clientèle comprend 6 782 entrepreneurs avertis de la technologie dans le monde.

Secteur entrepreneurial	Nombre d'entrepreneurs	Pourcentage
Startups de crypto-monnaie	2,345	34.6%
Technologie de la blockchain	1,876	27.7%
Infrastructure minière	2,561	37.7%

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2022, Ebang International a déclaré des dépenses de R&D de 3,5 millions de dollars, ce qui représente une baisse de 4,2 millions de dollars en 2021.

Exercice fiscal	Dépenses de R&D ($)
2021	4,200,000
2022	3,500,000

Coûts de fabrication et de production

Les coûts de fabrication totaux pour Ebang en 2022 étaient d'environ 12,8 millions de dollars.

• Bitcoin Mining Machine Production Coûts: 8,6 millions de dollars
• Fabrication de la carte de circuit imprimé: 2,7 millions de dollars
• Source des composants: 1,5 million de dollars

Achat de matériel

Les frais d'achat de matériel pour 2022 ont totalisé 7,3 millions de dollars, avec des composants clés, notamment:

Composant	Coût ($)
Chips semi-conducteurs	3,200,000
Circuits électroniques	2,500,000
Systèmes de refroidissement	1,600,000

Maintenance d'électricité et d'infrastructure

Les coûts d'infrastructure et d'entretien de l'électricité pour 2022 étaient de 5,6 millions de dollars.

• Électricité du centre de données: 3,2 millions de dollars
• Entretien de l'équipement: 1,4 million de dollars
• Infrastructure de refroidissement: 1,0 million de dollars

Dépenses de marketing et de distribution

Les dépenses de marketing et de distribution pour 2022 s'élevaient à 2,1 millions de dollars.

Canal de marketing	Dépenses ($)
Publicité numérique	850,000
Participation des salons commerciaux	650,000
Opérations de l'équipe de vente	600,000

Ebang International Holdings Inc. (EBON) - Modèle d'entreprise: Strots de revenus

Ventes d'équipements d'extraction de Bitcoin

Au troisième trimestre 2023, Ebang a déclaré un chiffre d'affaires total d'équipement minière de 14,2 millions de dollars. Les gammes de produits d'équipement minier de l'entreprise comprennent:

Modèle de produit	Prix ​​de vente moyen	Volume des ventes annuelles
EBIT E12 + mineur	$3,200	4 500 unités
Mineur ebit e11 ++	$2,800	3 200 unités

Revenus d'extraction de crypto-monnaie

Pour l'exercice 2023, le chiffre d'affaires direct de la crypto-monnaie d'Ebang était de 8,7 millions de dollars, le bitcoin représentant 92% du total des revenus minières.

Actif minier	Revenus minières totaux	Taux de hachage
Bitcoin	8,004 millions de dollars	3.2 eh / s
Autres crypto-monnaies	$696,000	0,4 eh / s

Frais de licence de matériel

Les revenus de licences matérielles pour 2023 ont totalisé 1,5 million de dollars, avec des accords de licence couvrant:

• Licence de conception de puces ASIC
• Licence d'architecture matérielle minière
• Licence de technologie du micrologiciel

Services de support technique et de maintenance

Les revenus des services techniques de soutien et de maintenance ont atteint 2,3 millions de dollars en 2023, avec la répartition du service suivante:

Type de service	Revenus annuels	Valeur du contrat de service moyen
Entretien de l'équipement	1,4 million de dollars	12 500 $ par contrat
Support technique	$900,000	7 800 $ par contrat

Investissement potentiel et revenu de négociation

Les revenus d'investissement et de négociation pour 2023 étaient de 3,6 millions de dollars, dérivés de:

• Activités de trading de crypto-monnaie
• Investissements technologiques stratégiques
• Instruments financiers liés à la blockchain

Total des sources de revenus combinés pour 2023: 30,3 millions de dollars

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.