Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (“Powerbridge” or the “Company”), a SaaS solutions and Blockchain applications provider, today announced it has entered into a collaborative agreement (“Agreement”) with Cryptodigital Holdings Ltd. (“Cryptodigital”). Under the terms of the Agreement, Cryptodigital will provide related services to Powerbridge for acquiring a certain number of bitcoin (BTC) and ethereum (ETH) miners and developing and managing the mining operations in Asia and North America.
Stewart Lor, President and Chief Financial Officer, commented, “We are delighted to have established a strategic partnership with Cryptodigital. We look forward to working with Cryptogital’s team of industry-leading professionals and leveraging their resources to consistently acquire miners. In addition, we will work closely to develop and manage our global mining operations. We believe that our partnership will substantially drive the Company to achieve a competitive level of mining fleet and hashrate.”