![]() With the closing of the transaction, MTI gains access to all of SCI’s assets, including its 300MW (megawatt) pipeline that is currently under letters of intent (“LOI”), bringing EcoChain’s combined total to 350MW, with over 200MW more under active development. ![]() MTI will shortly change its name to “Soluna Holdings, Inc.” The combination allows SCI to more easily access capital and resources necessary to scale its renewable energy-powered data center solution more quickly and efficiently. (“SCI”), which now becomes a wholly-owned subsidiary of EcoChain. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has completed the acquisition of Soluna Computing, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ![]() ![]() ![]() 02, 2021 (GLOBE NEWSWIRE) - via NewMediaWire - Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. Adds 300 MW Pipeline Under LOI Monetizing Wasted Renewable Energy Production from Wind & Solar Farm OwnersĪLBANY, N.Y., Nov. ![]()
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