Ebang International Holdings Inc..
EBON.US | Manufacture of electronic components and boards
Ebang International Holdings Inc. is a Chinese company that designs and manufactures Bitcoin mining machines. They are involved in the research and development, manufacturing, and sales of application-specific integrated circuit (ASIC) chip-based cryptocurrency mining hardware. The company primarily...Show More
Better Health for All
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Ebang International Holdings Inc.'s core business is designing and manufacturing Bitcoin mining machines.
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which have no direct positive or negative health impact. The company does not offer health-related products or services, nor do its products carry health risks requiring disclosure or safety considerations. There is no evidence of current investment in health innovation, as the company's stated intention to explore blockchain technology in healthcare is a forward-looking statement.
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The business activities do not involve health equity, healthcare workforce support, preventative health, health data management, health crisis response, mental health initiatives, or any other health-related areas covered by the KPIs.
Fair Money & Economic Opportunity
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Ebang's Hong Kong IPO plans were suspended due to an alleged sales inflation scheme with Yindou, a Chinese peer-to-peer online lending platform that defrauded 20,000 retail investors of RMB 4.4 billion (USD $676 million) in 2018.
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Chinese prosecutors are pursuing a criminal case against suspects associated with Yindou.
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Ebang also faced customer lawsuits and police investigations relating to embezzlement and other fraud allegations.
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Ebang's auditor, MaloneBailey LLP, had significant auditing deficiencies according to PCAOB inspections.
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Allegations state that Ebang directed proceeds from its U.S. public offerings into opaque deals with insiders and questionable counterparties, including repaying related-party loans to a relative of Ebang’s CEO.
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Following these allegations, Ebang’s share price fell by approximately 13% on April 6, 2021, and continued to decline by 2.17% and 7% on subsequent trading days, directly impacting investor wealth.
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Fair Pay & Worker Respect
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No specific, concrete data points were found in the provided articles for any of the 'Fair Pay & Worker Respect' KPIs. explicitly states that "No data available for sustainability and ESG metrics."
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While provides employee count changes,
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this does not constitute evidence for 'turnover_rate' which specifically requires voluntary employee turnover. Articles and were inaccessible.
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Fair Trade & Ethical Sourcing
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Fair Trade & Ethical Sourcing. The articles either contained financial metrics, employee count, or explicitly stated that no information on the relevant topics was available due to throttling or lack of content.
Honest & Fair Business
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Ebang International Holdings Inc. raised approximately $374 million from U.S. investors in four offerings since its June 2020 IPO.
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Allegations state that $103 million, exceeding the entire IPO proceeds, was directed into bond purchases linked to its U.S. underwriter.
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A $21 million secondary offering in November 2020 allegedly coincided with $21 million being used to repay related-party loans to the Chairman/CEO's relative.
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The company's Hong Kong IPO attempts were suspended due to alleged sales inflation.
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A customer lawsuit alleged 500 E10 miners required 873 repairs in three months.
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Ebang's auditor, MaloneBailey LLP, had significant auditing deficiencies in PCAOB inspections in 2013, 2014, 2016, and 2017.
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The Ebonex crypto exchange reportedly shows fictitious volumes.
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Ebang claimed a $100 million order from Madison Holdings, which had only ~$5.9 million in available cash.
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Multiple class action lawsuits were filed against Ebang between June 26, 2020, and April 5, 2021, alleging securities fraud and misrepresentation.
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Ebang's share price declined sharply in response to these allegations.
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On April 6, 2021, Ebang stated its Board and Audit Committee intend to review the allegations.
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Kind to Animals
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No evidence available to assess Ebang International Holdings Inc. on Kind to Animals.
No War, No Weapons
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Ebang International Holdings Inc. primarily designs and manufactures Bitcoin mining machines, with 90% of its revenue derived from Bitcoin mining.
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There is no evidence in the provided articles indicating any involvement in arms manufacturing, military contracts, or conflict facilitation. Similarly, there is no evidence of exposure to controversial or banned weapons.
Planet-Friendly Business
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The provided articles indicate that Ebang International has pivoted its business focus to renewable energy solutions, including photovoltaic systems, energy storage, and smart grid applications.
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The company aims to create a vertically integrated renewable energy ecosystem and is exploring U.S.-based manufacturing.
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Renewable energy product sales and rental services contributed to a 69.46% year-over-year increase in total net revenues to $3.58 million in H1 2025.
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However, the articles do not provide any specific, quantifiable data regarding the company's own operational environmental performance, such as greenhouse gas emissions, renewable energy consumption, water use, waste diversion, or any environmental certifications or policies.
Respect for Cultures & Communities
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Ebon Solar estimates that approximately 55% of its permanent employees will be residents of Bernalillo County.
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The company anticipates that 10% of its purchases will be made in the state of New Mexico, contingent on local availability of equipment and materials.
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The project site does not contain any existing buildings or historic properties, so no demolition is necessary.
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Safe & Smart Tech
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No specific, concrete evidence was found in the provided articles to assess EBON.US against any of the 'Safe & Smart Tech' KPIs. The articles primarily discuss financial performance, stock information, and a securities fraud class action lawsuit related to alleged misdirection of funds and inflated sales figures. There is no information regarding data breaches, cybersecurity investments, privacy practices, AI ethics, or other relevant security and privacy measures for EBON.US. The data breach mentioned in one article pertains to a different company, Ubiquiti Inc. (UI), not EBON.US.
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Zero Waste & Sustainable Products
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No specific, quantifiable evidence was found in the provided articles regarding EBON.US's waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education programs. The articles primarily focus on financial performance and the company's expansion into the renewable energy sector, which does not directly address the specific KPIs for Zero Waste & Sustainable Products.