EcoChain, Inc. to Report Monthly Site Level Financials on July 14th

Rhea-AI Summary

EcoChain, Inc., a subsidiary of Mechanical Technology, Incorporated (NASDAQ: MKTY), announced a revision of its reporting schedule due to the July 4th holiday. The company will now release its site-level results for June 2021 on July 14th, 2021. EcoChain specializes in operating low-cost green data centers aimed at cryptocurrency mining.

The announcement highlights the company’s commitment to renewable energy and the growth potential in the cryptocurrency sector.

ALBANY, N.Y., July 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced due to the July 4^th holiday it now plans to release site level results for the month of June 2021 on July 14^th.

About EcoChain, Inc.

EcoChain, Inc., a wholly-owned subsidiary of Mechanical Technology, Incorporated, is engaged in developing and operating ultra-low cost green data centers focused on cryptocurrency mining. For more information about EcoChain, please visit www.ecochainmining.com.

Forward Looking Statement

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this communication, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.

Contact Information:
Lisa Brennan

lbrennan@mtiinstruments.com

Investor Relations:
Kirin Smith, President

PCG Advisory, Inc.

646.823.8656

Ksmith@pcgadvisory.com

FAQ

When will EcoChain release its June 2021 results?

EcoChain will release its June 2021 site-level results on July 14th, 2021.

What does EcoChain focus on?

EcoChain focuses on developing and operating ultra-low cost green data centers for cryptocurrency mining.

What is the stock symbol for Mechanical Technology, Inc.?

The stock symbol for Mechanical Technology, Inc. is MKTY.

Why was the release date for EcoChain's June results postponed?

The release date was postponed due to the July 4th holiday.

What is the significance of EcoChain's business model?

EcoChain's business model emphasizes renewable energy in cryptocurrency mining, leveraging low-cost operations.