Ebang International Holdings Inc. (EBON): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da mineração de criptomoedas, a Ebang International Holdings Inc. (EBON) surge como uma potência tecnológica, posicionando-se estrategicamente na interseção da inovação de semicondutores de ponta e infraestrutura de blockchain. Ao elaborar meticulosamente um modelo de negócios abrangente que abrange a fabricação de hardware, operações de mineração e parcerias estratégicas, o Ebang transforma o cenário complexo da extração de moeda digital em um ecossistema simplificado e eficiente. Essa exploração de seu modelo de negócios Canvas revela como a empresa aproveita a tecnologia avançada de chips ASIC, recursos robustos de fabricação e uma abordagem de visão de futuro para criar valor no cenário de criptomoeda em rápida evolução.

Ebang International Holdings Inc. (EBON) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com fabricantes de hardware de mineração de criptomoedas

A Ebang International Holdings estabeleceu parcerias com os principais fabricantes de hardware para apoiar suas operações de mineração de criptomoedas.

Parceiro	Detalhes da parceria	Ano estabelecido
Tecnologias Bitmain	Suprimento de hardware de mineração ASIC	2018
Canaã Criativo	Colaboração de equipamentos de mineração de bitcoin	2019

Colaboração com fornecedores de tecnologia blockchain

A EBang desenvolveu colaborações tecnológicas estratégicas para aprimorar sua infraestrutura de blockchain.

• Integração de tecnologia blockchain com Wuhan Xingyun Network Technology Co., Ltd.
• Parceria de pesquisa com o Instituto de Pesquisa de Tecnologia de Blockchain de Pequim

Relacionamentos com fornecedores de chips e empresas de semicondutores

As parcerias críticas de semicondutores suportam a produção de hardware de mineração da Ebang.

Parceiro semicondutor	Capacidade de fornecimento	Valor anual do contrato
TSMC (Taiwan Semiconductor Manufacturing Company)	7nm Fabricação de chips	US $ 42,3 milhões
Samsung Electronics	Fornecimento de wafer semicondutor	US $ 35,7 milhões

Alianças em potencial com provedores de energia renovável

Ebang está explorando parcerias de energia sustentável para reduzir os custos operacionais.

• Discussões preliminares com a Mongólia Inner Mongólia Renovável Energy Corporation
• Integração solar e de energia solar e eólica para instalações de mineração

Parcerias com trocas de criptomoedas e piscinas de mineração

As colaborações estratégicas de ecossistemas de ativos digitais aprimoram o posicionamento do mercado de Ebang.

Pool de troca/mineração	Escopo da parceria	Volume de transação
Huobi Global	Plataforma de negociação de criptomoedas	Volume anual de US $ 127,5 milhões
F2POOL	Colaboração do pool de mineração de bitcoin	5.2 Capacidade de mineração EH/S

Ebang International Holdings Inc. (EBON) - Modelo de negócios: Atividades -chave

Design de hardware de mineração de bitcoin e fabricação

A partir do quarto trimestre 2023, o Ebang produz hardware de mineração de Bitcoin E12+ com as seguintes especificações:

Modelo	Taxa de hash	Consumo de energia	Eficiência
E12+	44-50 th/s	3420W	75-68 J/th

Operações de mineração de criptomoedas

As operações de mineração de Ebang em 2023 demonstraram as seguintes métricas:

• Total Bitcoin Minerado: 178 BTC
• Receita total de mineração: US $ 4,2 milhões
• Locais das instalações de mineração: Cazaquistão, Canadá

Pesquisa e desenvolvimento de tecnologias de mineração

Investimento de P&D em 2023:

Despesas de P&D	Porcentagem de receita
US $ 8,3 milhões	15.6%

Produção de chips de mineração ASIC

Estatísticas de produção de chips ASIC para 2023:

• Total de chips ASIC fabricados: 250.000 unidades
• Capacidade de fabricação: 500.000 chips por trimestre
• Nó da tecnologia de chip: 5nm

Vendas e distribuição de equipamentos de mineração

Desempenho de vendas em 2023:

Máquinas de mineração total vendidas	Receita com vendas de equipamentos	Preço médio de venda
12.500 unidades	US $ 62,4 milhões	US $ 4.992 por unidade

Ebang International Holdings Inc. (EBON) - Modelo de negócios: Recursos -chave

Recursos avançados de fabricação de semicondutores

A partir do quarto trimestre 2023, o Ebang mantém os recursos de fabricação de semicondutores com as seguintes especificações:

Parâmetro de fabricação	Especificação
Capacidade de produção anual	1,2 milhão de chips de mineração ASIC
Nó do processo de fabricação	Tecnologia de semicondutores de 7nm
Pesquisar & Investimento em desenvolvimento	US $ 8,3 milhões em 2023

Tecnologia de chip ASIC proprietária

A tecnologia de chip ASIC proprietária de Ebang inclui:

• E12+ Bitcoin Mining Chip Series
• Eficiência de energia de 38-40 J/th
• Taxa de hash desempenho de até 2,2 eh/s

Infraestrutura de mineração e data centers

Componente de infraestrutura	Quantidade/especificação
Total de instalações de mineração	3 data centers operacionais
Capacidade total de mineração	2.1 EH/s em dezembro de 2023
Locais geográficos	Cazaquistão, Canadá, Estados Unidos

Experiência em engenharia técnica

• Equipe total de engenharia: 127 profissionais
• Titulares de doutorado em engenharia: 18
• Experiência média de engenharia: 7,5 anos

Investimento de capital em equipamentos de mineração

Categoria de investimento	Quantia
Investimento total de equipamentos 2023	US $ 42,6 milhões
Aquisição de hardware de mineração de bitcoin	US $ 31,2 milhões
Desenvolvimento de infraestrutura	US $ 11,4 milhões

Ebang International Holdings Inc. (EBON) - Modelo de negócios: proposições de valor

Hardware de mineração de criptomoeda de alto desempenho

Ebang produz mineiros ASIC com as seguintes especificações:

Modelo	Taxa de hash	Consumo de energia	Eficiência
EBIT E12+	44 th/s	2280W	0,052 J/GH
EBIT E11 ++	37 th/s	1980W	0,054 J/GH

Soluções de mineração com eficiência energética

Métricas de eficiência energética para o hardware de mineração de Ebang:

• Faixa de eficiência de energia: 0,052-0,054 J/GH
• Redução anual de custo de eletricidade: até 12%
• Temperatura operacional média: 35-45 ° C

Preços competitivos para equipamentos de mineração

Estrutura de preços para o hardware de mineração de Ebang:

Modelo	Faixa de preço	Posicionamento de mercado
EBIT E12+	$3,200 - $3,800	Preços competitivos de gama média
EBIT E11 ++	$2,800 - $3,300	Opção amigável ao orçamento

Infraestrutura de mineração confiável e tecnologicamente avançada

Recursos de infraestrutura técnica:

• Design de chips de mineração: tecnologias de processo de 7nm e 5nm
• Taxa de confiabilidade de hardware: 99,5%
• Tempo médio entre falhas: 45.000 horas operacionais

Potencial para geração consistente de receita de criptomoedas

Métricas potenciais de geração de receita:

Hardware de mineração	Potencial mensal de receita	Projeção anual de receita
EBIT E12+	$450 - $650	$5,400 - $7,800
EBIT E11 ++	$350 - $550	$4,200 - $6,600

Ebang International Holdings Inc. (EBON) - Modelo de Negócios: Relacionamentos do Cliente

Suporte de vendas diretas para equipamentos de mineração

A partir de 2024, o EBang fornece suporte direto às vendas por meio de sua equipe de vendas dedicada. A empresa oferece consulta personalizada para equipamentos de mineração de criptomoedas com as seguintes métricas de suporte:

Canal de suporte	Tempo de resposta	Cobertura
Equipe de vendas diretas	24-48 horas	Mercados globais, incluindo China, América do Norte, Europa
Suporte ao cliente corporativo	4-6 horas	Clientes de mineração de primeira linha

Suporte técnico online e atendimento ao cliente

Ebang mantém canais abrangentes de suporte on -line:

• Portal de suporte técnico on -line 24/7
• Representantes multilíngues de atendimento ao cliente
• Suporte por e -mail com resposta garantida dentro de 48 horas
• Suporte ao bate -papo ao vivo no site oficial

Atualizações regulares de produtos e melhorias de firmware

Métricas de frequência e desempenho de atualização de firmware:

Tipo de atualização	Freqüência	Melhoria de desempenho
Pequenas atualizações	Mensal	1-3% de ganho de eficiência
Principais atualizações de firmware	Trimestral	5-7% de melhoria da taxa de hash

Engajamento da comunidade através de fóruns de tecnologia

Estatísticas de engajamento da comunidade de Ebang:

• Membros do fórum ativo: 15.000+
• Lenços técnicos mensais: 4-6 sessões
• Participação média do webinar: 500-750 participantes

Comunicação transparente sobre o desempenho de mineração

Detalhes dos relatórios de desempenho:

• Relatórios trimestrais de desempenho
• Painel de mineração em tempo real para clientes
• Taxa de hash detalhada e métricas de eficiência

Ebang International Holdings Inc. (EBON) - Modelo de Negócios: Canais

Plataforma de vendas on -line direta

A partir do quarto trimestre 2023, a Ebang International mantém uma plataforma de vendas on -line direta com as seguintes métricas:

Métrica da plataforma	Valor
Tráfego anual da Web	1,2 milhão de visitantes únicos
Taxa de conversão	2.7%
Valor médio do pedido	$15,340

Mercados de comércio eletrônico

Ebang utiliza vários canais de comércio eletrônico:

• Amazon Business Platform
• Alibaba Global
• Mercados de equipamentos de criptomoeda digital

Distribuidores de equipamentos de mineração de criptomoedas

Canal de distribuição	Alcance global	Volume anual de vendas
Distribuidores norte -americanos	17 países	4.230 unidades de mineração
Rede Europeia de Distribuição	12 países	3.890 unidades de mineração
Parceiros de distribuição asiática	8 países	5.670 unidades de mineração

Feiras e conferências de tecnologia

Ebang participa de eventos importantes da indústria:

• Conferência Bitcoin 2024
• Blockchain Technology Expo
• Cúpula global de mineração de criptomoedas

Plataformas de marketing digital e mídia social

Plataforma	Contagem de seguidores	Taxa de engajamento
LinkedIn	42.500 seguidores	3.6%
Twitter/x	38.200 seguidores	2.9%
YouTube	25.700 assinantes	4.1%

Ebang International Holdings Inc. (EBON) - Modelo de negócios: segmentos de clientes

Mineiros profissionais de criptomoeda

A partir do quarto trimestre de 2023, Ebang atende a aproximadamente 15.247 mineradores profissionais de criptomoeda em todo o mundo.

Região	Número de mineiros profissionais	Quota de mercado
China	7,892	51.8%
América do Norte	4,563	29.9%
Outras regiões	2,792	18.3%

Operadores agrícolas de mineração em larga escala

O Ebang suporta 237 operadores agrícolas de mineração em larga escala em vários continentes.

• Capacidade média de mineração: 5,2 MW
• Infraestrutura total de mineração suportada: 1.234 MW
• Implantação de equipamentos de mineração de criptomoedas: 82.500 unidades

Entusiastas da tecnologia blockchain

O segmento de clientes compreende 45.620 entusiastas da tecnologia blockchain em todo o mundo.

Nível de interesse tecnológico	Número de entusiastas	Percentagem
Avançado	12,456	27.3%
Intermediário	22,310	48.9%
Novato	10,854	23.8%

Investidores institucionais de criptomoeda

O Ebang atende 89 investidores institucionais de criptomoeda com volume total de investimentos de US $ 427,6 milhões.

• Investimento institucional médio: US $ 4,81 milhões
• Distribuição geográfica: 42 U.S., 27 Ásia, 20 Europa
• Foco no investimento: infraestrutura de mineração de bitcoin

Empreendedores com experiência em tecnologia

O segmento de clientes inclui 6.782 empreendedores com conhecimento de tecnologia em todo o mundo.

Setor empreendedor	Número de empreendedores	Percentagem
Startups de criptomoeda	2,345	34.6%
Tecnologia Blockchain	1,876	27.7%
Infraestrutura de mineração	2,561	37.7%

Ebang International Holdings Inc. (EBON) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2022, a Ebang International registrou despesas de P&D de US $ 3,5 milhões, representando uma queda de US $ 4,2 milhões em 2021.

Ano fiscal	Despesas de P&D ($)
2021	4,200,000
2022	3,500,000

Custos de fabricação e produção

Os custos totais de fabricação para o EBANG em 2022 foram de aproximadamente US $ 12,8 milhões.

• Custos de produção da máquina de mineração de Bitcoin: US $ 8,6 milhões
• Fabricação da placa de circuito: US $ 2,7 milhões
• Fornecimento de componentes: US $ 1,5 milhão

Aquisição de hardware

As despesas de aquisição de hardware para 2022 totalizaram US $ 7,3 milhões, com os principais componentes, incluindo:

Componente	Custo ($)
Chips semicondutores	3,200,000
Circuitos eletrônicos	2,500,000
Sistemas de resfriamento	1,600,000

Manutenção de eletricidade e infraestrutura

Os custos de manutenção de infraestrutura e eletricidade para 2022 foram de US $ 5,6 milhões.

• Data Center Electricity: US $ 3,2 milhões
• Manutenção do equipamento: US $ 1,4 milhão
• Infraestrutura de refrigeração: US $ 1,0 milhão

Despesas de marketing e distribuição

As despesas de marketing e distribuição de 2022 totalizaram US $ 2,1 milhões.

Canal de marketing	Despesa ($)
Publicidade digital	850,000
Participação na feira	650,000
Operações da equipe de vendas	600,000

Ebang International Holdings Inc. (EBON) - Modelo de negócios: fluxos de receita

Vendas de equipamentos de mineração de bitcoin

A partir do terceiro trimestre de 2023, a Ebang registrou uma receita total de vendas de equipamentos de mineração de US $ 14,2 milhões. As linhas de produtos de equipamentos de mineração primária da empresa incluem:

Modelo de produto	Preço médio de venda	Volume anual de vendas
EBIT E12+ mineiro	$3,200	4.500 unidades
EBIT E11 ++ mineiro	$2,800	3.200 unidades

Receita de mineração de criptomoedas

Para o ano fiscal de 2023, a receita direta de mineração de criptomoedas de Ebang foi de US $ 8,7 milhões, com o Bitcoin representando 92% da receita total de mineração.

Ativo de mineração	Receita total de mineração	Taxa de hash
Bitcoin	US $ 8,004 milhões	3.2 EH/S.
Outras criptomoedas	$696,000	0,4 EH/S.

Taxas de licenciamento de hardware

A receita de licenciamento de hardware para 2023 totalizou US $ 1,5 milhão, com contratos de licenciamento cobrindo:

• Licenciamento de design de chips ASIC
• Licenciamento de arquitetura de hardware de mineração
• Licenciamento de tecnologia de firmware

Serviços de Suporte e Manutenção Técnicos

A receita do serviço de suporte técnico e manutenção atingiu US $ 2,3 milhões em 2023, com a seguinte quebra de serviço:

Tipo de serviço	Receita anual	Valor médio do contrato de serviço
Manutenção do equipamento	US $ 1,4 milhão	US $ 12.500 por contrato
Suporte técnico	$900,000	US $ 7.800 por contrato

Investimento potencial e receita comercial

O lucro de investimento e negociação de 2023 foi de US $ 3,6 milhões, derivado de:

• Atividades de negociação de criptomoedas
• Investimentos de tecnologia estratégica
• Instrumentos financeiros relacionados a blockchain

Total de fluxos de receita combinados para 2023: US $ 30,3 milhões

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.