When Hindenburg Research publishes a blog on its website, it usually means a company's final days are approaching.

Today, the company is Hindenburg Research.

Nate Anderson announced Wednesday that he has shut down short-selling firm Hindenburg Research after seven consecutive years of publishing reports on high-profile companies, including many of the tech world's biggest names and hot startups. Severe report.

"As I have shared with family, friends, and our team since late last year, I have decided to disband the Hindenburg Research Center," Anderson wrote in a blog post. "This plan comes after we have completed the ideas we were working on. That's the end of the last batch of Ponzi scheme cases that we've just completed and are sharing with regulators."

Hindenburg's reports have gained a reputation over the years for their prescient investigations and thorough research into neglected and neglected corners of the public market. In many cases, the company's reports preceded SEC investigations, criminal prosecutions, and significant declines in the stock prices of its target companies.

Anderson said there was no specific reason for disbanding Hindenburg today. He said the short-selling firm had reached a level of success he never expected and now was a good time to move on.

Anderson did say, however, that the past seven years of the Hindenburg administration had taken a toll on his health and personal life. He noted in his blog that he often wakes up in the middle of the night with new investigative ideas. Anderson also apologized to his family and friends in the post and said he will now have more time to spend with loved ones.

Over the years, Hindenburg has targeted some of the biggest names in tech. Anderson issued a 2024 bearish report on Roblox, describing the gaming platform as an "X-rated pedophile hellhole." A few weeks later, Roblox rolled out new safety features for parents on the platform. Hindenburg also shorted publicly traded technology companies such as Super Micro and Block.

Hindenburg is also known for taking on some of the hottest electric vehicle startups.

Hindenburg took aim at hydrogen electric vehicle startup Nikola in a 2020 report, shortly after General Motors announced it was acquiring an 11% stake. Short sellers claim Nikola's trucks are dysfunctional and accuse the company's leadership of nepotism. After the Hindenburg report, the government investigated Nikola and eventually settled with the SEC and convicted Nikola's founder.

In 2021, Hindenburg released a brief report on Lordstown Motors, alleging that the electric car maker had faked electric truck pre-orders. Those claims were largely true, according to the U.S. Securities and Exchange Commission, which accused the electric car company of misleading investors and forcing it to pay $25 million.