Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.
According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression of Interest tender letter to acquire a 100% share of an unnamed company. The New Zealand-based firm offers wholesale and generic financial brokerage and wealth management services, the announcement notes.
Ebang representatives emphasized that the potential deal is subject to the “negotiation of a definitive agreement among the relevant parties” while the acquisition is not yet finalized.