Why These 15 Crypto Stocks Have Been Plunging In 2025

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8. Ebang International Holdings Cl A (NASDAQ:EBON)

Number of Hedge Fund Holders In Q4 2024: 2

Ebang International Holdings Cl A (NASDAQ:EBON) is a company that sells Bitcoin mining machines and also makes blockchain-related financial services.

The stock is down significantly so far in 2025  as its revenue has been declining, and the company has failed to benefit from the increase in Bitcoin’s price in a meaningful way. Revenue declined 48.3% for the quarter that ended in June 2024 to $1.06 million.

On the other hand, net losses were at $3.11 million. The stock has also declined even more since Bitcoin has reversed course, and there doesn’t seem to be accelerating orders for Bitcoin mining machines as crypto miners have started to focus on AI and high-performance computing hardware instead.

EBON stock is down 20.98% year-to-date.

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