By Chris Wack
Powerbridge Applied sciences Co. Ltd. mentioned it has entered an settlement with Cryptodigital Holdings Ltd. to buy cryptocurrency-mining machines.
In line with the settlement, the blockchain purposes supplier will purchase a complete of 5,600 bitcoin and ethereum mining machines, that are scheduled to be delivered beginning in October.
Powerbridge Applied sciences mentioned the machines embody 2,000 bitcoin miners and three,600 ethereum miners.
The two,000 bitcoin miners are composed of Antminer S19 Professional, Antminer S19 and different fashions with excessive hash charge and excessive vitality effectivity. The three,600 ethereum miners are composed of excessive efficiency RTX 3070, RTX 3060 Ti and different fashions, the corporate mentioned.
“As soon as these miners are deployed, we must always begin to see a pointy improve in our bitcoin and ethereum manufacturing capability,” mentioned Stewart Lor, president and finance chief of Powerbridge Applied sciences. “We anticipate to proceed to take a position and purchase crypto mining machines to reinforce our total computing energy for bitcoin and ethereum.”
Powerbridge Applied sciences shares have been up 11% to $1.54 in premarket buying and selling.
Write to Chris Wack at firstname.lastname@example.org