Market Cap
24h Vol
5650
Cryptocurrencies
40.54%
Bitcoin Share

Latest Bitcoin Meltdown Pressures Chinese Crypto Companies

Latest Bitcoin Meltdown Pressures Chinese Crypto Companies


Seeking Alpha
2022-06-29 06:07:00

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.Ebang, a maker of cryptocurrency mining machines, has been warned about potential delisting from the Nasdaq after its stock remained below $1 for a prolonged period.Rival crypto mining equipment maker Canaan repurchased warrants it issued last year after its stock plunged to levels well below the exercise price.


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