Powerbridge Technologies Co ., a Nasdaq-listed technology firm that offers SaaS solutions and blockchain applications announced it would invest and engage in Bitcoin and Ether mining globally. The mining operations will be environmental focused as the firm plans to mine BTC and ETH using clean energy. It has also assembled a team of crypto veterans to support the development of its crypto business.
Powerbridge plans to establish a network of clean energy mining facilities across the globe as the company has a positive outlook on the crypto market. The firm also believes its crypto-mining operation could fuel the overall growth of the company.
POWERBRIDGE TECHNOLOGIES – PLANS TO INVEST AND ENGAGE IN CRYPTOCURRENCY MINING FOR BITCOIN AND ETHEREUM WITH PLANNED OPERATIONS GLOBALLY$PBTS
— *Walter Bloomberg (@DeItaone) August 12, 2021
Stewart Lor, President, and Chief Financial Officer of the firm said,
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.