When Hindenburg Research posts a blog on its website, it usually means a company’s final days are near.

Today, that company is Hindenburg Research.

Nate Anderson announced Wednesday that he is shutting down short-selling firm Hindenburg Research, after a seven-year run that released damaging reports about high-profile companies, including several tech giants in world and buzzy startups.

“As I have shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research,” Anderson wrote in a blog post. “The plan is to finish after we finish the pipeline of ideas that we are working on. And with the last Ponzi cases that we have just completed and shared with the regulators, that day is today.

Hindenburg’s reports have gained a reputation over the years for their prescient investigations and thorough research into overlooked and neglected corners of public markets. In many instances, the company’s reports preceded SEC investigations, criminal indictments, and massive stock drops around the companies it targeted.

Anderson said there is no specific reason for dismantling the Hindenburg now. He said the short-selling company has reached a level of success he never expected, and it’s a good time to move on.

However, Anderson shared that Hindenburg’s last seven years of running took a toll on his health and personal life. He noted on the blog that he often wakes up in the middle of the night with new ideas for investigations. Anderson also apologized to his family and friends in the post, saying that he has more time to spend with loved ones now.

Over the years, Hindenburg has targeted several giants in the technology world. Anderson published a short report on Roblox 2024 in which he described the gaming platform as a “X-rated pedophile hellscape.” Weeks later, Roblox launched new safety features for parents on the platform. Hindenburg also shorted publicly traded technology companies like Super Micro and Block.

Hindenburg has also developed a reputation for acquiring some of the hottest electric vehicle startups.

Hindenburg targeted hydrogen electric vehicle startup, Nikola, in a 2020 report, shortly after General Motors announced that it had acquired an 11% stake. The short seller admitted that Nikola’s trucks were not fully functional, and accused the company’s leadership of nepotism. A government investigation into Nikola followed Hindenburg’s report, and ultimately, led to an SEC settlement and the conviction of the Nikola founder.

In 2021, Hindenburg published a brief report on Lordstown Motorsclaiming that the electric automaker faked EV truck pre-orders. Those claims turned out to be largely true, according to the Securities and Exchange Commission, which The EV company was accused of misleading investors and forced to pay $25 million.