Ebang International Holdings Inc. announced that it has completed a 6 nm ASIC chip designed for Bitcoin mining machines, which is expected to have a competitive edge in the market in terms of performance. The Company plans to begin volume production of its 6 nm chip when it determines market conditions become suitable. There is no guarantee that the company will be able to commercialize its 6 nm ASIC chip design as planned or at all, or that such commercialization will improve the company’s financial performance or results of operations.