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Latest Bitcoin Meltdown Pressures Chinese Crypto Companies

The recent massive selloffs in bitcoin and other crypto currencies have left Ebang, Canaan and BIT Mining coping with tanking share prices and dire business outlooks

The recent meltdown in cryptocurrency markets is shaking up the real-world finances for Chinese cryptocurrency companies.

Ebang International Holdings Inc. (EBON.US), a maker of cryptocurrency mining machines, said last Friday it was warned by the Nasdaq that its shares could be delisted after trading below $1 for 30 consecutive business days.

https://www.globenewswire.com/news-release/2022/06/24/2468995/0/en/Ebang-International-Announces-Receipt-of-Nasdaq-Notification-Regarding-Minimum-Bid-Price-Deficiency.html

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