Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019.
On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year. Currently, Ebang is the third largest manufacturer of cryptomining equipment.
There is one main reason that Ebang might have a solid chance of moving up in the mining manufacturing world: Bitmain’s recent financial troubles. Also based in China, Bitmain is currently China’s unequivocal leader in ASIC mining hardware manufacturing. Canaan, the second largest company on the list, is centered in China as well.
Troubles have been brewing on the horizon for Bitmain for quite some time, however. Last year, the company decided to heavily invest its funds into bitcoin cash, divesting itself of bitcoin holdings in…