Ebang, the third largest mining equipment producer, plans to make at least 400,000 of its Ebit mining rigs in 2019. The company commands a 9.2% share of the global mining hardware market, lying behind only Bitmain and Canaan.

Ebang Expects to Sell 400K Units in 2019

The latest company reports show sales of almost 159k units in 2017, followed by almost 309k units in the first half of 2018. Total figures for 2018 are not yet available, but Ebang reported “significant decreases” in Q3, compared to the previous quarter. This is in common with other mining rig manufacturers, as the crypto winter started to take hold.

We experienced significant decreases in revenue and gross profit for the three months ended September 30, 2018 compared to the preceding three months ended June 30, 2018.

But these latest plans, according to a local…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/top-3-mining-rig-maker-ebang-eyes-market-turnaround-in-2019/