Ecochain, Inc. Announces Agreement To Acquire Soluna Computing, Inc., Adds 300 MW Pipeline Under Loi
T-Reuters
Aug 12, 2021
Mechanical Technology Inc :Ecochain, Inc. Announces Agreement To Acquire Soluna Computing, Inc., Adds 300 Mw Pipeline Under Loi.Mechanical Technology Inc - Upon Closing Of Transaction, Sci Will Become A Wholly Owned Subsidiary Of Ecochain.Mechanical Technology Inc - Upon Closing, Mti Acquires 300Mw Of Green Powered Computing Projects Under Loi With Costs Well Under $0.03 Per Kwh.Mechanical Technology Inc - Soluna Team Is Joining Ecochain With John Belizaire As Ceo Of Combined Business Unit.Mechanical Technology Inc - 92% Of Total Consideration For Deal Is Contingent Upon Projects Coming Online.Mechanical Technology Inc - Co To Pay Sci $725,000 Cash At Closing.Mechanical Technology Inc - As Part Of Consideration, 150,000 Shares Of Mti Common Stock Issued At Closing.Mechanical Technology Inc - Up To 2.97 Million Shares Of Mti Common Stock May Be Issued Based On Building Out An Additional 150Mw.
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