The actions of Powerbridge increased in pre-market operations in the wake of today’s announcement, Coindesk says.
Powerbridge Technologies, a technology company listed on Nasdaq, plans to expand into mining Bitcoin Y Ether.
The Zhuhai, China-based tech company offers software-as-a-service products and blockchain applications. He now intends to expand into mining BTC Y ETH, with plans to build a global grid based on clean energy, the company announced in a press release today.
The company says it has assembled a team of cryptocurrency and technology industry veterans 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 for the cryptocurrency market. Our initiative to participate in cryptocurrency mining is an important part of our overall Blockchain strategy. We strive to continually build a clean energy-based BTC and ETH mining network globally. We believe that our cryptocurrency mining business will generate valuable digital assets that will help accelerate the growth of the company. “
As reported Coindesk, the actions of Powerbridge rose approximately 40% in premarket operations in the wake of today’s announcement. We would have to wait for what happens when the bag opens.
Areas of Powerbridge
Before today’s announcement, the company was only primarily dedicated to providing solutions SaaS (Powerbridge SaaS) and applications Blockchain (Powerbridge Blockchain). Powerbridge SaaS integrates artificial intelligence, big data, and IoT technologies to provide SaaS platforms for global commerce and cross-border e-commerce, supply chain, data intelligence, and IoT applications. Now Powerbridge Blockchain will integrate BTC and ETH cryptocurrency mining, distributed network services IPFS and applications of Blockchain industry specific.
More and more companies from other sectors are entering crypto mining. This week we tell that the oil company Black rock planned to install 1 million mining equipment.
Sources: Powerbridge press release, Coindesk
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