Powerbridge Technologies Buys 5,600 Cryptocurrency-Mining Machines

By Chris Wack

Powerbridge Technologies Co. Ltd. stated it has entered an settlement with Cryptodigital Holdings Ltd. to buy cryptocurrency-mining machines.

According to the settlement, the blockchain functions supplier will purchase a complete of 5,600 bitcoin and ethereum mining machines, that are scheduled to be delivered beginning in October.

Powerbridge Technologies stated the machines embrace 2,000 bitcoin miners and three,600 ethereum miners.

The 2,000 bitcoin miners are composed of Antminer S19 Pro, Antminer S19 and different fashions with excessive hash price and excessive vitality effectivity. The 3,600 ethereum miners are composed of excessive efficiency RTX 3070, RTX 3060 Ti and different fashions, the corporate stated.

“Once these miners are deployed, we must always begin to see a pointy enhance in our bitcoin and ethereum manufacturing capability,” stated Stewart Lor, president and finance chief of Powerbridge Technologies. “We anticipate to proceed to speculate and purchase crypto mining machines to boost our general computing energy for bitcoin and ethereum.”

Powerbridge Technologies shares have been up 11% to $1.54 in premarket buying and selling.

Write to Chris Wack at [email protected]

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