Powerbridge Technologies' subsidiary establishes crypto mining fleets in Hong Kong

Powerbridge Technologies' (NASDAQ:PBTS) subsidiary Powercrypto is launching cryptocurrency mining, specifically bitcoin and ethereum, in Hong Kong which will utilize environmental-friendly, green and sustainable energy. Powercrypto expects to complete the deployment of 2.6K high-performance mining rigs in Hong Kong, encompassing 600 high-performance BTC mining machines with a hashrate of ~60 PH/s, and 2K high-performance ETH mining machines with a hashrate of ~1K GH/s. "We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue," President Stewart Lor commented. PBTS shares trades 4.2% higher premarket