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.
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Powerbridge Technologies has arranged the purchase of 5,600 bitcoin and ether mining machines for an undisclosed amount.
- 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.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
