Powerbridge Technology firm will deploy 600 Bitcoin mining equipment and also huge Ethereum mining rigs in Hong Kong. Firm aimed to use sustainable environmentally friendly electricity.
After the ban of crypto mining operations, the movement of expanding the business by the blockchain & crypto firm in mining operations surged rapidly. Many countries’ governments welcomed mining firms to run their mining operations based business. For example, Texas, Kazakhstan and most significantly El Salvador are making bitcoin with the government funding with the use of volcanoes thermal energy.
Read also: El Salvador Have Started Mining Bitcoin through green energy
Powerbridge Technologies’ subsidiary, Powercrypto Holdings, planned to bring their business to the next level through high level bitcoin mining operations in Hong Kong.
Powerbridge Technology is a blockchain firm, which remains engaged in the development work of the blockchain based applications and also in SaaS solutions.
As per latest, press release on Friday 8 October 2021, Power Technologies have plans to use the green sustainable and environment friendly energy for their operations of bitcoin mining.
As per plan, Powerbridge Technology will deploy a total of 2600 high performance rigs, which includes total 600 Bitcoin mining machines with the corresponding hashpower of 60PH/s. While they will deploy a total 2000 mining rigs for Ethereum only, which will have capacity of 1000 GH/s hash power.
Company aimed to bring their operations expansion among the North American and Asian markets. And also they will further add more power In their operations of crypto mining.
“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”
The Chief Technology Officer, Sean Wang, stated on this initiative
Read also: China will Add Crypto Mining To Negative List Of Industries To Invest