Powerbridge Technologies invests in high performance crypto mining equipment

Powerbridge Technologies invests in high performance crypto mining equipment

ZHUHAI, China, 20 April 2023 /PRNewswire/ — Powerbridge Technologies, a technology solutions provider for multiple industries (Nasdaq: PBTS), has announced its recent acquisition of 1,200 units of A1346 Avalon Bitcoin Miners. The investment is in line with the company’s long-term strategy i crypto markett.

A1346 Avalon Bitcoin Miners with a hash rate of 104TH/s are known for their high performance, stability and ease of use.

Stewart LorCEO of Powerbridge Technologies, commented: “We believe this investment will help us expand our presence in crypto market. As a leading provider of technology solutions, we will continue to explore new opportunities to accelerate our growth and bring value to our shareholders.”

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) is a leading provider of multi-industry technology solutions. The company provides software and platform applications, IoT platform services and intelligent devices, supply chain platforms and interactive media services, metaverse and digital services, and cryptocurrency asset management and services.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical fact. When the company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not only apply when when it comes to historical matters, it makes forward-looking statements; specifically, the Company’s statements regarding listing on the NASDAQ Capital Market and the IPO are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may lead to the actual results deviating significantly from the company’s expectations mentioned in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the Company’s objectives and strategies; the company’s future business development; demand and acceptance of products and services; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions i China and assumptions underlying or related to any of the foregoing and other risks in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof.

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For more information, please contact:
Corporate Investor Relations
Powerbridge Technologies Co., Ltd.
Email: [email protected]
Website: www.powerbridge.com/ir/

SOURCE Powerbridge Technologies Co., Ltd.

Powerbridge Technologies invests in high performance crypto mining equipment

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