ZHUHAI, China, Dec. 16, 2021 /PRNewswire/ -- Powerbridge
Technologies Co., Ltd. (Nasdaq: PBTS) ("Powerbridge" or the
"Company"), a SaaS solutions and Blockchain applications provider,
today announced that its wholly owned subsidiary, Powercrypto
Holdings ("Powercrypto") planned to expand its cryptomining
business into North America.
Powercrypto is working with its local partner in bidding for a
facility in Canada with the
capacity to host up to 20,000 BTC and ETH mining rigs, powered by a
sustainable and green energy supply. The Canadian government has
been very supportive to the cryptocurrency industry, which provides
incentives to Powercrypto to set up cryptomining fleets there.
Powercrypto is also actively seeking more efficient and
environmentally friendly mining sites in North America and Asia for its cryptomining operations.
Powerbridge Technologies President, Stewart Lor, commented: "This decision will be
an important milestone for our efforts in further strengthening our
crypto business. We are thrilled to be positioning ourselves in
Canada, as we believe the
infrastructure and green energy supply are ideal for us to manage
the BTH and ETH mining operations more efficiently."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd., 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 e-commerce, supply chain,
data intelligence, and IoT applications and devices. Powerbridge
Blockchain consists of BTC and ETC mining and digital assets, IPFS
distributed network services, and industry-specific Blockchain
applications. For more information, visit
www.powerbridge.com/ir/.
FORWARD-LOOKING STATEMENT
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the federal
securities laws, including, but not limited to, our expectations
for future financial performance, business strategies or
expectations for our business. These statements constitute
projections, forecasts and forward-looking statements, and are not
guarantees of performance. Company cautions that forward-looking
statements are subject to numerous assumptions, risks and
uncertainties, which change over time. Words such as "may," "can,"
"should," "will," "estimate," "plan," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "seek," "target,"
"look" or similar expressions may identify forward-looking
statements. There is no assurance that the supercomputing center
will be established as planned, when it will start operation nor
any of the planned activities will be implemented by the
supercomputing center. Specifically, forward-looking statements may
include statements relating to the Company's: ability to execute
its business plan; changes in the market for Company's products and
services; andexpansion plans and opportunities.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements. These
risks and uncertainties include, but not are limited to, the risk
factors described by Powerbridge in its filings with the Securities
and Exchange Commission ("SEC"). These risk factors and those
identified elsewhere in this press release, among others, could
cause actual results to differ materially from historical
performance.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and you
should not place undue reliance on these forward-looking statements
in deciding whether to invest in our securities. We do not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
Powerbridge SEC filings are available publicly on the SEC's
website at www.sec.gov. Powerbridge disclaims any obligation
to update the forward-looking statements, whether as a result of
new information, future events or otherwise.
For more information, please contact:
Investor Relations:
Powerbridge Technologies
ir@powerbridge.com
ClearThink
nyc@clearthink.capital
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SOURCE Powerbridge Technologies