MELY AH news on Thursday. Looking for an 8k to drop in the near future.
Microelectronics Technology Corporation Completes Acquisition of Bitcoin Cyber Currency Digital Mining Company
Microelectronics Technology Corporation Completes Acquisition of Bitcoin Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Apr 17, 2014) - Microelectronics Technology Corporation (OTCQB: MELY), is pleased to announce the Company has completed the documentation required for the finalization of the acquisition of Digital Mining Corporation and its digital mining assets.
Complete Acquisition details will be provided on form 8K yet to be filed.
The acquisition includes the existing operational digital mining servers and support software. The Digital Currency Mining servers are currently being transitioned to the Dynamo Server co-location facilities with the transition expected to be completed by months end. This transition will allow for peak efficiency utilizing the state of the art server facility and seamless expansion capability Dynamo servers can provide.
Bitcoin Mining: BTC
The company is in development of a 100 TH/s mining pool.
The company will be investing in the required hardware needed to provide the targeted 100 TH/s rate over the period of six to eight months.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
The company anticipates the launch of its Bitcoin Mining pool May 1, 2014.
The company will add the first 3 (1TH/S servers) Bitcoin Mining Servers to the mining pool upon completion of the initial testing, with the addition of 10 (1TH/s servers) every two weeks contingent upon consistent delivery of the servers from our supplier.
The company will be operating this cyber currency mining center in an open pool configuration allowing other miners to join the pool for a proportional percentage share of the mining pool production.
Dynamo Servers:
The Dynamo Servers platform was built from the ground-up to accommodate the needs of modern dedicated server customers, with features that are unique to the market. A simplified pricing model was applied to an expansive configuration system, allowing for predictable pricing without the customization limitations or penalties that are common among providers. An API was built to allow for integration with custom software and 3rd-party services. Social features were added to enable a dialogue among customers and a level of transparency unheard of in the industry. As long-time dedicated server customers, the people behind Dynamo Servers built a platform that they would want to use themselves.
About Dynamo Servers
Dynamo Servers provide dedicated servers to clients through our point of presence in Vancouver, Canada inside a carrier neutral facility owned and operated by Cologix Inc.
www.dynamoservers.com
