Revenue at Bitcoin miner maker Yibang fell more than 82% last year, with a loss of $ 32.11 million.

According to the report, on May 1, Bitcoin miner maker Ebon International (NASDAQ: EBON) announced its first annual listing since listing. According to its annual report, Ebon International's operating profit in 2020 was $ 194,000, down 82.57% from $ 109 million in 2019. 21.82%. Yibang International explained that the decline in sales has had a major and uncertain impact on the industry due to the total disruption of COVID-19, including travel restrictions, which has ruled out and delayed the capitalization of companies, and has resulted in market failures and financial losses. negatively affected. Due to the impact of COVID-19, Yibang International's chip technology has reduced production capacity, leading to a shortage of equipment in the first half of 2020. With the Bitcoin halving event, demand for Bitcoin revenue tied to activities such as mining has a major impact, leading to a drop in demand and the average selling price of Ebang International Bitcoin mining technology.