Powerbridge Technologies, a Nasdaq-listed technology company, plans to invest and engage in crypto mining for Bitcoin and Ethereum. It plans to build a clean energy-based global network, the company announced Thursday.
The company created a team of industry veterans in cryptocurrency and technology to support the development and growth of its digital asset business.
Stewart Lor, President, and Chief Financial Officer commented: “We are optimistic about the positive outlook of the cryptocurrency market. Our initiative to engage in crypto mining is an important part of our overall blockchain strategy. We strive to continually build clean energy-based BTC and ETH mining networks globally. We believe our crypto mining business will generate valuable digital assets that help accelerate the Company’s growth.”
Powerbridge’s stock climbed about 40% in premarket trading in the wake of today’s announcement.
About Powerbridge Technologies:
Powerbridge Technologies Co., Ltd., is primarily engaged in providing SaaS solutions (Powerbridge SaaS) and Blockchain applications (Powerbridge Blockchain). Its Blockchain consists of BTC and ETC cryptocurrency mining, IPFS distributed network services, and industry-specific blockchain applications. Powerbridge SaaS integrates AI, big data, and IoT technologies to provide SaaS platforms for global trade and cross-border e-commerce, supply chain, data intelligence, and IoT applications.