Value Microcaps Zip Code Changers

[zenvesting]

MKTY has zip code changer potential, but is still a reasonably priced stock.

The market is valuing NASDAQ listed bitcoin miners BTBT, MARA, & RIOT in the billions, but MKTY's ECOchain subsidiary is a fair comp with intentions to uplist to NASDAQ this calendar quarter and a 3 MW bitcoin mine powered by hydropower in WA state

Today they announced a land acquisition where they plan to develop a new 25 MW data center in the southeast US with a goal of exiting 2021 with 50MW in operation.

MKTY is also strategic investors in Class A preferred of private green energy bitcoin mining company Soluna (https://www.soluna.io/).

Today's news:

Mechanical Technology, Incorporated Announces Land Acquisition to Build Ultra Low-Cost Green Data Center

Acquisition is the first milestone of the 2021 Plan

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ALBANY, N.Y., January 20, 2021 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today provided a corporate update following on its Shareholder Letter of December 23, 2020.

Today’s announcement of an agreement to acquire land is an important step in the Company’s plan to build an ultra low-cost green data center that will fulfill the Company’s goal of becoming an ultra capital efficient data center operator.

The Company anticipates that the site, which is located in the Southeast United States, represents a critical step in its strategic roadmap to grow its EcoChain business. The Company has set an objective to complete construction of a 25MW data center that will be operational in the fourth quarter of 2021.

We expect this site will be the template for future greenfield and brownfield site builds, with a keen focus on operating and capital efficiency.

In cooperation with our technical partners at Soluna, MTI continues to build a robust pipeline of green powered ultra low-cost locations. Our pipeline incorporates a blend of greenfield, brownfield and ready to operate projects.

“We are excited to be executing on our plan to build out at least 50MW by years end,” commented Michael Toporek, CEO. Added Toporek: “We very specifically have set a target to have under our control and ramp up operations of 50MW of green powered ultra low-cost data center capacity by the end of the year.” Concluded Toporek: “It was important for us to begin executing on our 2021 objectives early. Our team continues to work to meet or beat its targets.”



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About MTI

MTI is the parent company of MTI Instruments, Inc. and EcoChain, Inc. Through MTI Instruments, MTI is engaged in the design, manufacture and sale of test and measurement instruments and systems that use a comprehensive array of technologies to solve complex, real world applications in numerous industries, including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive and data storage. Through EcoChain, MTI is developing a cryptocurrency mining facilities powered by renewable energy that integrate with the bitcoin blockchain network. For more information about MTI, please visit https://www.mechtech.com.

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Contact Information:

Lisa Brennan

518-218-2592

[e-mail]

https://www.mechtech.com/land-acquisition-to-build-ultra-low-cost-green-data-center/