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

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

ALBANY, NY, Jan.20, 2021 / PRNewswire / – Mechanical Technology, Incorporated (“MTI” or the “Company”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, today provided an update on its company following its letter to shareholders December 23, 2020.

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

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

We are waiting for this site will be the model for future greenfields and brownfields site built, with an emphasis on operational efficiency and capital.

In cooperation with …

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