Breaking: Nasdaq Listed Technology Firm Announces Bitcoin and Ether Mining Plans

Powerbridge Technologies Co ., a Nasdaq-listed technology firm that offers SaaS solutions and blockchain applications announced it would invest and engage in Bitcoin and Ether mining globally. The mining operations will be environmental focused as the firm plans to mine BTC and ETH using clean energy. It has also assembled a team of crypto veterans to support the development of its crypto business.
Powerbridge plans to establish a network of clean energy mining facilities across the globe as the company has a positive outlook on the crypto market. The firm also believes its crypto-mining operation could fuel the overall growth of the company.
POWERBRIDGE TECHNOLOGIES – PLANS TO INVEST AND ENGAGE IN CRYPTOCURRENCY MINING FOR BITCOIN AND ETHEREUM WITH PLANNED OPERATIONS GLOBALLY$PBTS
— *Walter Bloomberg (@DeItaone) August 12, 2021
Stewart Lor, President, and Chief Financial Officer of the firm said,
We are optimistic about the positive outlook of the cryptocurrency market. Our initiative to engage in crypto mining is an important part of our overall blockchain strategy. We strive to continually build clean energy-based BTC and ETH mining networks globally. We believe our crypto mining business will generate valuable digital assets that help accelerate the Company’s growth.
The Rising Clean Bitcoin Mining Initiative
Ever since the Bitcoin mining, FUD began claiming BTC mining has a negative impact on the environment because of its high carbon footprint, a majority of crypto exchanges have started buying carbon credits in Millions to offset their carbon emission due to Bitcoin holdings. Gemini, FTX, and Skybridge Capital are some of the crypto platforms that have bought carbon credits over the past couple of months.
The Chinese miner’s migration has also helped in making the Bitcoin network greener since a significant portion of Bitcoin miners used coal-based electricity. Now, these miners are moving to countries where the Bitcoin mining industry is somewhat regulated and offers energy supply from clean energy sources, be it Kazakistan, the US, or North American nations.
The Interest of public companies in clean mining would only help this trend grow further which would eventually eliminate the only major FUD in the Bitcoin market, helping its price surge further.
- XRP Treasury Holdings Hits $11.5B as Nasdaq-Listed Reliance Global Adds $17M in Fresh Buy
- FOMC Minutes, Jerome Powell Speech: Will Bitcoin Recover or Retrace Further?
- “Meme Coin SZN Is Here,” Says CZ As GIGGLE, 4 Price Skyrocket to All time Highs
- CZ’s YZi Labs Commits $1 Billion Builder Fund As Binance Coin Surpasses XRP
- Expert Sees LTC Crashing to $50 Even As Litecoin ETF Approval Reaches Final Stage
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition