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The Top Penny Stocks of the Week Include This Blockchain Firm's 175% Surge

Last week's 10 top penny stocks were led by a little-known blockchain firm that just closed a $24 billion contract to revolutionize China's public transportation system.

On Friday (Aug. 24), Seven Stars Cloud Group announced a $24 billion deal to finance China's nationwide push to replace all gas-powered public buses with electric ones by 2021.

According to a press release, Seven Stars will offer two financing campaigns for the initiative through its regulatory-compliant blockchain network. The first campaign intends to raise $8.75 billion over the next three years. The second campaign hopes to generate an additional $15 billion by 2025.