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Powerbridge Technologies Agrees to Buy 5,600 Bitcoin, Ethereum Mining Machines
The Chinese company entered into a purchase agreement with Cryptodigital Holdings for the acquisition of the miners.
Powerbridge Technologies has arranged the purchase of 5,600 bitcoin and ether mining machines for an undisclosed amount.
STORY CONTINUES BELOW
- The Zhuhai, China-based company entered into a purchase agreement with Cryptodigital Holdings for the acquisition of the miners, which include Antminer S19 Pro and Antminer S19 models, Powerbridge announced Wednesday.
- Delivery is scheduled to commence in October for the 2,000 BTC mining machines and 3,600 ETH miners, representing expected hash rates of 200 PH/s and 1,700 GH/s respectively.
- The agreement follows Powerbridge's announcement earlier this month that it's expanding into crypto mining from its core business providing software-as-a-service products and blockchain applications.
- Powerbridge plans to build a global network for clean-energy-based bitcoin and ether mining.
Read more: Riot Blockchain Reports Record Q2 Results
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
