Nasdaq-listed Powerbridge to start mining Bitcoin and Ethereum

As Bitcoin miners are relocating to new areas, there was a rising curiosity in america for cryptocurrency mining. It was not solely providing an alternate for appropriate mining in Texas but additionally was seeing Nasdaq-listed firms enter the mining realm. In accordance with the current announcement from Powerbridge, a Nasdaq-listed, SaaS options firm, is coming into the crypto mining market.

As per its official announcement,

“Powerbridge Applied sciences Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Firm”) is happy to announce that Powerbridge plans to speculate and interact within the cryptocurrency mining for Bitcoin (BTC) and Ethereum (ETH) with deliberate operations globally.”

The $61 million firm can be coming into within the mining world with a specialised crew directing the method. It geared toward taking up the duty of mining cryptos globally. Maintaining with the inexperienced mining theme of the hour, the President and CFO, Stewart Lor said,

“We’re optimistic in regards to the optimistic outlook of the cryptocurrency market. Our initiative to interact in crypto mining is a crucial a part of our total blockchain technique. We attempt to repeatedly construct a clear power primarily based BTC and ETH mining community globally.”

This was not the one occasion {that a} Nasdaq-listed firm was trying on the mining business and its potential. There have been a number of firms listed on Nasdaq that have been creating wealth off of crypto mining like Microstrategy Included and ZK Worldwide Group Co., Ltd.

With energy-producing states like Pennsylvania, Texas, and Wyoming booming with miners, the U.S. surpassed Russia to turn out to be the second-largest market after China for BTC miners and different alts miners, as per the Cambridge Bitcoin Electrical energy Consumption Index.

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