ZHUHAI, China, Sept. 24, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a SaaS solutions and Blockchain applications provider,
today announced that the Company is establishing Powercrypto
Holdings ("Powercrypto"), its new Singapore-based subsidiary for its Crypto
Mining and Digital Asset operations.
Powercrypto will be focusing on green renewable energy powered
crypto mining farms with its intended worldwide operations,
including North America and
Asia. Powercrypto strives to
become one of the most competitive Bitcoin and Ethereum mining
companies with promising BTC hashrate of 1,000,000TH/s and ETH
hashrate of 698,224MH/s.
Stewart Lor, President of
Powerbridge Technologies, commented, "We believe this is an
opportune time to launch Powercrypto, as we look to expand our
global operations of crypto mining and digital assets. Powerbridge
is well positioned to accelerate the growth of our crypto
businesses and generate promising revenue from it."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) a
growth-driven technology company is primarily engaged in SaaS
solutions and Blockchain applications. Powerbridge SaaS integrates
AI, big data, and IoT offering SaaS platforms for cross-border
eCommerce, supply chain, data intelligence, and IoT applications
and devices. Powerbridge Blockchain consists of BTC and ETH mining
and digital assets, IPFS distributed network services, and
industry-specific Blockchain applications. For more
information, please visit:
https://www.powerbridge.com/ir/
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements; specifically, the Company's statements regarding
listing on the NASDAQ Capital Market and the IPO are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by the Company with the SEC. For
these reasons, among others, investors are cautioned not to place
undue reliance upon any forward-looking statements in this press
release. Additional factors are discussed in the Company's filings
with the SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
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SOURCE Powerbridge Technologies