Skip to content

Nasdaq-listed Powerbridge Technologies buys 5,600 BTC and ETH miners

Nasdaq-listed Powerbridge Technologies buys 5,600 BTC and ETH miners

Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) has participated in a cryptocurrency mining machine purchase agreement with Cryptodigital Holdings Ltd, according to

The company will acquire 5,600 Bitcoin (BTC) and Ethereum (ETH) mining equipment under the terms of the agreement, with delivery anticipated to begin in October 2021.

Among the 5,600 mining equipment stated above comprise 2,000 BTC miners and 3,600 ETH miners. It is estimated that the 2,000 BTC miners will have a hash rate of 200 PH/s, whereas the 3,600 ETH miners will have 1,700 GH/s of hashing power.

President and Chief Financial Officer of Powerbridge Technologies, Stewart Lor, stated:

“Once these miners are deployed, we should start to see a sharp increase in our Bitcoin and Ethereum production capacity <..> We expect to continue to invest and acquire crypto mining machines to enhance our overall computing power for BTC and ETH.”

Powerbridge’s positive outlook on crypto market

Whatsmore, the company’s president indicated that they share the worldwide enthusiasm about the cryptocurrency industry; as part of its broader blockchain strategy, it’s taken the effort to engage in crypto mining. As a result of its crypto mining operations, Lor expects the firm to generate valuable digital assets that will assist expedite its growth.

Powerbridge is continually striving to develop an energy-efficient BTC and ETH mining network throughout the world; as a result, it has put together a dedicated staff to work on its cryptocurrency mining strategy.

Listed on the Nasdaq stock exchange, Powerbridge provides SaaS solutions (Powerbridge SaaS) and Blockchain applications (Powerbridge Blockchain). BTC, ETC mining, IPFS distributed network services, and industry-specific blockchain applications make up Powerbridge Blockchain’s offerings.

As a result of the recent cryptocurrency mining restriction in China, the business will offer additional hashrate to a network that has lost a substantial chunk of mining capacity.


Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.