Chinese Bitcoin miner EBang will reportedly list on the NASDAQ Global Market Index.

Using ticker, EBON it will be the second cryptocurrency mining company to go public in the U.S.  Earlier this year, the company filed for a $100 million IPO with the US SEC after an unsuccessful attempt to conduct a $1 billion IPO in Hong Kong.  Once it lists on the NASDAQ, it wants to raise $106 million by putting 19.3 million shares on sale in a range of $4.50 to $6.50.

Unfortunately, company sales have been slowing since 2018. In 2019, revenue was $109 million – a 66% drop in growth from $319 million in 2018.  In addition, in the first quarter of 2020, the company posted a loss of $2.5 million, blaming the “significant decrease in certain non-recurring local government’s tax rebates,” as quoted by Coin Telegraph.