Expects to Deploy 2,600 Excessive-Efficiency Mining Rigs in Hong Kong
ZHUHAI, China, Oct. 8, 2021 /PRNewswire/ — Powerbridge Applied sciences Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Firm”), a SaaS options and Blockchain functions supplier, is proud to announce that Powercrypto Holdings (“Powercrypto”), a subsidiary of the Firm, is launching cryptocurrency mining, particularly bitcoin (BTC) and ethereum (ETH), in Hong Kong. These cryptocurrency operations will make the most of environmental-friendly, inexperienced and sustainable vitality.
Powercrypto expects to finish the deployment of two,600 high-performance mining rigs in Hong Kong, encompassing 600 high-performance BTC mining machines with a hashrate of roughly 60 PH/s, and a pair of,000 high-performance ETH mining machines with a hashrate of roughly 1,000 GH/s.
Sean Wang, Powercrypto’s Normal Supervisor and Chief Expertise Officer, said that: “Powercrypto is a significant strategic transfer by the Firm to focus on our world presence within the crypto-mining enterprise. We are going to concentrate on enhancing our total hashrate degree in BTC and ETH mining by establishing mining fleets in North America and Asia.”
Powerbridge Applied sciences President Stewart Lor, commented, “We’re very enthusiastic about our launch and positioning as a world presence within the cryptocurrency mining enterprise. We anticipate our high-performance environmental-friendly crypto-mining fleets to considerably speed up our income.”
About Powerbridge Applied sciences
Powerbridge Applied sciences Co., Ltd., a growth-driven know-how firm is primarily engaged in SaaS options and Blockchain functions. Powerbridge SaaS integrates AI, huge knowledge, and IoT providing SaaS platforms for cross-border e-commerce, provide chain, knowledge intelligence, and IoT functions and units. Powerbridge Blockchain consists of BTC and ETC mining and digital belongings, IPFS distributed community providers, and industry-specific Blockchain functions. For extra info, go to www.powerbridge.com/ir.
Protected Harbor Assertion
This press launch comprises forward-looking statements as outlined by the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements embody statements regarding plans, aims, targets, methods, future occasions or efficiency, and underlying assumptions and different statements which are apart from statements of historic details. When the Firm makes use of phrases reminiscent of “could, “will, “intend,” “ought to,” “imagine,” “anticipate,” “anticipate,” “undertaking,” “estimate” or comparable expressions that don’t relate solely to historic issues, it’s making forward-looking statements; particularly, the Firm’s statements relating to itemizing on the NASDAQ Capital Market and the IPO are forward-looking statements. Ahead-looking statements are usually not ensures of future efficiency and contain dangers and uncertainties that will trigger the precise outcomes to vary materially from the Firm’s expectations mentioned within the forward-looking statements. These statements are topic to uncertainties and dangers together with, however not restricted to, the next: the Firm’s targets and techniques; the Firm’s future enterprise growth; product and repair demand and acceptance; adjustments in know-how; financial situations; popularity and model; the affect of competitors and pricing; authorities rules; fluctuations on the whole financial and enterprise situations in China and assumptions underlying or associated to any of the foregoing and different dangers contained in experiences filed by the Firm with the SEC. For these causes, amongst others, traders are cautioned to not place undue reliance upon any forward-looking statements on this press launch. Further components are mentioned within the Firm’s filings with the SEC, which can be found for overview at www.sec.gov. The Firm undertakes no obligation to publicly revise these forward-looking statements to replicate occasions or circumstances that come up after the date hereof.
Powerbridge Applied sciences
SOURCE Powerbridge Applied sciences