ZHUHAI, China, April 20,
2023 /PRNewswire/ -- Powerbridge Technologies, a
provider of multi-industry technology solutions (Nasdaq: PBTS), has
announced its recent acquisition of 1,200 units of A1346 Avalon
Bitcoin Miners. The investment aligns with the
Company's long-term strategy in the crypto
market.
The A1346 Avalon Bitcoin Miners with a hash rate of
104TH/s, are known for their high performance, stability, and ease
of use.
Stewart Lor, CEO of Powerbridge
Technologies, commented: "We believe that this investment will help
us expand our presence in the crypto market. As a
leading provider of technology solutions, we will continue to
explore new opportunities to accelerate our growth and bring values
to our shareholders."
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading
provider of multi-industry technology solutions. The Company offers
software and platform applications, IoT platform services and
intelligent devices, supply chain platforms and interactive media
services, metaverse and digital services, and
cryptocurrency asset operations and services.
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.
For more information, please contact:
Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
Email: ir@powerbridge.com
Website: www.powerbridge.com/ir/
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SOURCE Powerbridge Technologies Co., Ltd.