Powerbridge Technologies Establishes Powercrypto Holdings for its Crypto Mining and Digital Asset Operations
Powerbridge Technologies (Nasdaq: PBTS) has announced the establishment of Powercrypto Holdings, a new subsidiary based in Singapore focused on crypto mining and digital asset operations. Powercrypto aims to operate green renewable energy-powered mining farms globally, including in North America and Asia. The subsidiary targets a BTC hashrate of 1,000,000TH/s and an ETH hashrate of 698,224MH/s, positioning itself as a competitive player in the cryptocurrency mining sector. The company seeks to accelerate growth and revenue generation through its expanded crypto operations.
- Launch of Powercrypto Holdings to expand into cryptocurrency mining.
- Focus on renewable energy for mining operations.
- Targeted BTC hashrate of 1,000,000TH/s and ETH hashrate of 698,224MH/s.
- None.
ZHUHAI, China, Sept. 24, 2021 /PRNewswire/ -- Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the "Company"), a SaaS solutions and Blockchain applications provider, today announced that the Company is establishing Powercrypto Holdings ("Powercrypto"), its new Singapore-based subsidiary for its Crypto Mining and Digital Asset operations.
Powercrypto will be focusing on green renewable energy powered crypto mining farms with its intended worldwide operations, including North America and Asia. Powercrypto strives to become one of the most competitive Bitcoin and Ethereum mining companies with promising BTC hashrate of 1,000,000TH/s and ETH hashrate of 698,224MH/s.
Stewart Lor, President of Powerbridge Technologies, commented, "We believe this is an opportune time to launch Powercrypto, as we look to expand our global operations of crypto mining and digital assets. Powerbridge is well positioned to accelerate the growth of our crypto businesses and generate promising revenue from it."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) 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, please visit: https://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
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