Nasdaq-Listed Powerbridge to Take Up Bitcoin, Ether Mining

Powerbridge stock surged in premarket trading in the wake of today's announcement.

AccessTimeIconAug 12, 2021 at 11:59 a.m. UTC
Updated Sep 14, 2021 at 1:39 p.m. UTC

Powerbridge Technologies, a Nasdaq-listed technology company, plans to expand into bitcoin and ether mining.

  • The Zhuhai, China-based technology firm offers software-as-a-service products and blockchain applications.
  • It now intends to expand into bitcoin and ether mining, with plans to build a clean energy-based global network, the company announced Thursday.
  • Powerbridge's stock climbed about 40% in premarket trading in the wake of today's announcement.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.