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Seeking Alpha 2021-08-12 10:27:27

Powerbridge Technologies stock jumps on plans to engage in cryptocurrency mining

Powerbridge Technologies (NASDAQ:PBTS) shares jumped 22% premarket on plans to invest and engage in the cryptocurrency mining for Bitcoin (BTC-USD) and Ethereum (ETH-USD) with planned operations globally. Stewart Lor, President and Chief Financial Offer commented: 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 a clean energy based BTC and ETH mining network globally. We believe our crypto mining business will generate valuable digital assets that help accelerate the Company's growth.

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