Powerbridge Technologies is a subsidiary of the blockchain software provider holding and it is now launching a crypto mining operation for BTC and ETH in Hong Kong. These crypto operations will utilize environmental-friendly and sustainable energy as we are reading more about it in our Bitcoin news today.
Powercrypto Technologies is a growth-driven tech company that is engaged in SaaS solutions and blockchain applications and will now be launching crypto mining in Hong Kong for Bitcoin and Ethereum. The company plans to deploy a total of 2600 high-performance mining rigs in Hong Kong including 600 BTC mining machines that work at a hash rate of 60 PH/s and it also includes 2000 ETH mining machines with a hash power of 1000 GH/s. according to the announcement, the company wants to increase the BTC and ETH hash rate levels across the North American and Asian markets.
Sean Wang, the General Manager and Chief Technology Officer said:
“Powercrypto is a major strategic move by the Company to highlight our global presence in the crypto-mining business. We will focus on enhancing our overall hash rate level in BTC and ETH mining by setting up mining fleets in North America and Asia.”
In the global BTC and ETH mining, the company plans to focus on maximizing the use of carbon-free clean energy power. The president of the company Stewart Lor said:
“We are very excited about our launch and positioning as a global presence in the cryptocurrency mining business. We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue.”
Powerbridge Technologies stated that it plans to increase its BTC miners with an expected capacity of 10,000 miners with a hash rate of 728 PH/S. according to the company, the proprietary AI/GPU operating system can support up to 100,000 ETH miners in operation. Powerbridge Technologies established Powercrypto Holdings as a Singapore-based subsidiary for the Crypto Mining and Digital Asset operations a month ago. The company focuses on green, renewable energy-powered crypto mining farms with operations worldwide. The announcement also stated that the subsidiary strives to become a competitive BTC and ETH mining company with the president of the company firmly believing that it is well-positioned to accelerate the growth of the crypto business and to generate promising revenue from it.
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