This Cryptocurrency Company Could Help Mine Dogecoin – Benzinga
Dogecoin is one of the hottest cryptocurrencies of 2021 with retail traders pouring into the meme crypto. A publicly traded company could be capitalizing on the growth of Dogecoin with plans to create a mining business for the cryptocurrency. What Happened: Ebang International HoldingsEBONannounced in February it was launching a Litecoin and Dogecoin mining business. The company’s mining business will include self-manufactured mining machines and mining machines purchased from other manufacturers. The company will also lease computing powers from mining farms to allow Litecoin and Dogecoin to be mined simultaneously. “We will develop LTC and Doge mining on the basis of our Bitcoin mining business. The development of the business will further promote our related cryptocurrency-focused businesses and increase our revenue,” Ebang CEO Dong Hu said at the time. Related Link: If You Invested $1,000 In Dogecoin On Jan. 1, 2021, Here’s How Much You’d Have Now Why It’s Important: Ebang is transforming from being a hardware manufacturer to a diversified and vertically integrated blockchain company.