Powerbridge Technologies Announces Availability of Ethereum Mining Operating System Named FXOS to Enhance Mining Efficiency

Rhea-AI Summary

Powerbridge Technologies (Nasdaq: PBTS) announced the launch of FXOS, an AI-integrated operating system for Ethereum and GPU-based cryptocurrency mining. Designed to improve mining efficiency by approximately 15%, FXOS supports large-scale operations with up to 100,000 machines. The system features remote management capabilities, GPU overclocking, and power optimization tools. President Stewart Lor emphasized the importance of FXOS in enhancing the company's mining operations and efficiency.

Positive

• Launch of FXOS improves Ethereum mining efficiency by approximately 15%.
• FXOS supports large-scale mining operations with up to 100,000 machines.
• Integrated remote management features enhance operational control.

Negative

• None.

ZHUHAI, China, Sept. 1, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, announced the availability of FXOS, a proprietary AI integrated operating system designed for the mining of Ethereum (ETH) and other GPU based cryptocurrencies. FXOS is an automated and intelligent OS that can increase Ethereum mining efficiency by an estimated 15%.

As a Linus based OS, FXOS can be deployed for large-sized mining operations of 100,000 level of mining machines with highly automated and intelligent functionalities for system operations and maintenance. It is also available with a convenient App capable of running on iOS, Android, Applet and Web.

FXOS integrates AI algorithms with sensors and controllers with smart, user-friendly tools, capable of monitoring operating status, managing GPU overclocking, adjusting mining parameters, adapting to maximized power consumption, and remote controlling on/off function, among other features and benefits.

"I am pleased that FXOS is available. As we are deploying our crypto mining machines, having our own mining OS is equally important in our efforts to develop a network of mining operations with higher-than-market ETH mining efficiency," said Stewart Lor, the President of Powerbridge Technologies.

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd., a growth-driven technology company is primarily engaged in SaaS solutions and Blockchain applications. Powerbridge SaaS integrates AI, big data, and IoT offering SaaS platforms for cross-border eCommerce, supply chain, data intelligence, and IoT applications and devices. Powerbridge Blockchain consists of BTC and ETH mining and digital assets, IPFS distributed network services, and industry-specific Blockchain applications. For more information, visit www.powerbridge.com/ir.

Safe Harbor Statement 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements; specifically, the Company's statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Powerbridge Technologies

FAQ

What is FXOS by Powerbridge Technologies?

FXOS is an AI-integrated operating system designed specifically for Ethereum and GPU-based cryptocurrency mining, aimed at increasing mining efficiency.

How much does FXOS improve mining efficiency?

FXOS is expected to enhance Ethereum mining efficiency by approximately 15%.

What scale of mining operations can FXOS support?

FXOS can be deployed for large mining operations with up to 100,000 machines.

When was FXOS announced?

FXOS was announced on September 1, 2021.

What company ticker symbol is associated with Powerbridge Technologies?

The ticker symbol for Powerbridge Technologies is PBTS.