Why Is Powerbridge Technologies' Stock Rising Today?

SaaS solutions and Blockchain applications provider Powerbridge Technologies Co Ltd PBTS inked an agreement with Cryptodigital Holdings Ltd.
Cryptodigital will provide related services to Powerbridge to acquire a certain number of Bitcoin BTC/USD and Ethereum ETH/USD miners and develop and manage the mining operations in Asia and North America under the arrangement.
The financial terms of the agreement remain undisclosed.
The partnership will help the company achieve a competitive level of mining fleet and hash rate.
Powerbridge recently disclosed plans to expand operations to include mining cryptocurrency.
Price Action: PBTS shares traded higher by 13.9% at $1.72 in the premarket session on the last check Tuesday.