Home Bitcoin News Powerbridge Technologies will start mining Bitcoin and Ethereum in Hong Kong

Powerbridge Technologies will start mining Bitcoin and Ethereum in Hong Kong

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Nasdaq-listed Chinese blockchain company Powerbridge Technologies will begin mining two of Hong Kong’s leading cryptocurrencies using green energy. This is stated in a press release.

The company will deploy 2,600 devices – 600 for Bitcoin mining and 2,000 for Ethereum mining. They will provide a hash rate of 60 PH / s and 1000 GH / s, respectively.

In August, Powerbridge Technologies, whose main activity is software development and blockchain applications, announced plans to start mining cryptocurrencies.

In the same month, the Chinese company entered into an agreement with Cryptodigital Holdings for the purchase of 5,600 devices for mining Bitcoin and Ethereum. According to the release, the batch included 2,000 ASIC miners for mining digital gold and 3,600 rigs for mining ETH.

Recall that in January, the Chinese Internet firm The9 Ltd. announced its entry into the mining industry.

According to analysts’ calculations, mining companies traded on the Nasdaq have accumulated more than 20,459 BTC in total, worth over $ 1.1 billion.

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