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Powerbridge Launches Green Crypto Mining Operation Based in Singapore
The China-based SaaS and blockchain firm is following up on plans to expand into crypto mining.
Nasdaq-listed Powerbridge Technologies has launched a new Singapore-based crypto mining subsidiary, Powercrypto Holdings, that is powered by renewable energy.
- Powerbridge, which first announced it would be moving into bitcoin and ether mining in August, said Powercrypto operations will focus on developing green energy-powered crypto mining farms in North America and Asia.
- Powercrypto hopes to achieve a BTC hashrate of 1,000,000 TH/s and ETH hashrate of 698,224 MH/s, the firm said in a press release.
- The Zhuhai, China-based technology firm focuses on offering software-as-a-service (SaaS) products and blockchain applications.
- “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,” said Stewart Lor, president of Powerbridge.
Read more: Nasdaq-Listed Powerbridge to Take Up Bitcoin, Ether Mining
STORY CONTINUES BELOW
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
