LTC - How Ebang International Shares Jumped 20% on a Quiet Cryptocurrency Day
Shares of Ebang International (NASDAQ: EBON) rose as much as 20.9% on Thursday morning, despite a relatively quiet day for cryptocurrencies and related stocks . The crypto-mining hardware builder achieved this rare feat by announcing an interesting new line of business.
On an unusually stable day for this volatile industry, where Bitcoin (CRYPTO: BTC) shares were trading just 2% higher and Ethereum (CRYPTO: ETH) was down by 2%, Ebang posted a large gain by announcing a brand new business idea. The company will soon start to mine Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) tokens, using a combination of its own mining hardware and computing power purchased from outside sources.
Image source: Getty Images.
For further details see:
How Ebang International Shares Jumped 20% on a Quiet Cryptocurrency Day