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Powerbridge Technologies to Expand its Cryptocurrency Mining Operations into North America -Breaking

by Mike Robinson

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Powerbridge Technologies Expands Cryptocurrency Mining Operations in North America

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a SaaS solutions and Blockchain applications provider, today announced that its wholly owned subsidiary, Powercrypto Holdings (“Powercrypto”) planned to expand its cryptomining business into North America.

Powercrypto has joined forces with its Canadian partner to bid for a Canada facility that can host up to 20,000 BTC or ETH mining rigs. It will be powered by a renewable and sustainable energy source. Canadian authorities have been supportive of the cryptocurrency sector, and provide incentives for Powercrypto in setting up their cryptomining fleets. Powercrypto continues to search for more eco-friendly and efficient mining facilities in North America and Asia, where it can conduct its cryptomining operations.

Stewart Lor, President of Powerbridge Technologies, said:

We are proud to announce that this decision represents a major milestone in the development of our crypto-business. As Canada has the best infrastructure and energy supply, we are delighted to position ourselves there. We believe that this will allow us to more effectively manage our BTH- and ETH mining operations.

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