Powercrypto Holdings, a subsidiary of the blockchain software application company Powerbridge Technologies, is introducing cryptocurrency mining, particularly Bitcoin (BTC)and Ethereum (ETH), in Hong Kong. These cryptocurrency operations will utilize environmental-friendly, green, and sustainable energy. This statement was made in a news release on Friday, October 8, 2021
Powerbridge Technologies is a growth-driven technology company primarily engaged in SaaS solutions and Blockchain applications.
Launching Crypto Mining In Hong Kong
Powerbridge Technologies prepares to release an overall of 2,600 high-performance mining rigs in Hong Kong, consisting of 600 BTC mining makers operating at a hash rate of roughly 60 PH/s. It also includes 2,000 ETH mining machines, with a hash rate power of approximately 1,000 GH/s.
According to the statement, Powercrypto intends to increase the BTC and ETH hash rate levels throughout the North American and Asian markets.
Sean Wang, Powercrypto’s General Manager and Chief Technology Officer, stated that: “Powercrypto is a major strategic move by the Company to highlight our global presence in the crypto-mining business. We will focus on enhancing our overall hash rate level in BTC and ETH mining by setting up mining fleets in North America and Asia.”
In its global BTC and ETH mining, the company plans to focus on maximizing the use of carbon-free clean energy power. Powerbridge Technologies President Stewart Lor, likewise commented, “We are very excited about our launch and positioning as a global presence in the cryptocurrency mining business. We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue.”
Powerbridge Technologies mentions that it prepares to increase its bitcoin miners with an anticipated capability of 10,000 miners and an anticipated hash rate of 728 PH/S. Additionally, according to the company, its proprietary AI/GPU operating system can support up to 100,000 ETH miners in operation.
Powercrypto Holdings: A Subsidiary Of Powerbridge Technologies
Powerbridge Technologies developed Powercrypto Holdings, its brand-new Singapore-based subsidiary for its Crypto Mining and Digital Asset operations, late last month.
Powercrypto focuses on green renewable energy-powered crypto mining farms with its intended worldwide operations. The statement mentions that the subsidiary aims to turn into one of the most competitive Bitcoin and Ethereum mining business. The President of Powerbridge Technologies believes that Powerbridge is well-positioned to accelerate the growth of its crypto businesses and generate promising revenue from it.
A couple of days back, the business revealed the visit of Sean X. Wang as General Manager and Chief Technology Officer of Powercrypto Holdings. Mr. Wang, a blockchain expert, was brought on to lead the operations and technology development of Powercrypto’s crypto mining business. He apparently has extensive knowledge in the fields of crypto mining and digital possessions operations, having actually handled and run mining fleets with almost forty thousand Bitcoin and Ethereum mining rigs.
Digital Currencies In Hong Kong
Hong Kong has played a crucial role in the history of cryptocurrencies. It is the birth place of a few of the world’s biggest crypto business. Tether, the world’s largest stablecoin, was also launched here.
Hong Kong is a city and unique administrative area of China. Therefore, unfavorable regulations have affected the digital assets space in the region. However, it has actually been making efforts to establish its Central Bank Digital Currency (CBDC), e-HKD given that 2017.
