Mechanical Technology, Incorporated designs, manufactures, and markets vibration measurement and balancing systems, precision linear displacement solutions, and wafer inspection tools worldwide. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing markets, as well as the research, design, and process development market. The company also provides engine vibration analysis systems for military and commercial aircraft; portable signal generator that delivers an electronic signal simulating other pieces of equipment or sensors for testing and calibrating electronic equipment; and products for the detection of defects in semiconductor and solar wafers. In addition, it engages in the cryptocurrency mining and the blockchain ecosystem business. The company serves the manufacturing, electronics, semiconductor, solar, aviation, automotive, and data storage industries. Mechanical Technology, Incorporated was incorporated in 1961 and is headquartered in Albany, New York.
IPO Year:
Exchange: NASDAQ
Website: mechtech.com
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4 - Soluna Holdings, Inc (0000064463) (Issuer)
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3 - MECHANICAL TECHNOLOGY INC (0000064463) (Issuer)
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4 - MECHANICAL TECHNOLOGY INC (0000064463) (Issuer)
4 - MECHANICAL TECHNOLOGY INC (0000064463) (Issuer)
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Provides Financial Flexibility to Capitalize on Growth Opportunities NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (NASDAQ:SLNH) (formerly Mechanical Technology), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it has filed a "universal shelf" registration statement on Form S-3 with the Securities and Exchange Commission (SEC) for the registration of Common Stock, Preferred Stock, Debt Securities, Warrants, Units, and the Subscription Rights, as well as the resale of certain securities privately offered by the Company. When declared effective by the SEC, the shelf registration s
Curtailed Power Costs Renewable Asset Owners up to 30% of their Generating Potential NEW YORK, NY, Nov. 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (NASDAQ:SLNH) (formerly Mechanical Technology), a developer of green data centers for cryptocurrency mining and other intensive computing, announced today that it is now offering a custom estimating service for clean energy power plant owners and developers looking to reduce costly curtailment problems. The custom Curtailment Assessment is an NDA-protected review of proprietary, project-level data to estimate both lost and recoverable revenue with the addition of flexible offtake of curtailed power by Soluna's mod
Exceeds Hashrate Target with October up 153% over September Annualized Cash Contribution Run Rate Exceeds $17.3 million ALBANY, NY, Nov. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (formerly Mechanical Technology), (NASDAQ:SLNH), a cryptocurrency mining business powered by renewable energy, andthe parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, announced today its third quarter 2021 financial results and October site level financials. Michael Toporek, CEO of Soluna, stated, "We continue to rapidly scale our facilities as we energize our data centers to hit our 50MW target by yea
New York, New York--(Newsfile Corp. - November 8, 2021) - The Investor Summit Group, widely recognized for its reputation as the host of North America's largest independent investor conferences, will be hosting the upcoming Q4 Virtual Summit on November 16-17. The event will bring together some of the continent's most exciting and influential small and micro-cap companies, providing presenting companies with the unique opportunity to meet and interact with leading investors.This year's Q4 Virtual Summit will feature a selection of more than 90 carefully curated companies drawn from a wide variety of sectors, including healthcare, financial, technology, crypto, energy, industrials, financials
NEW YORK, Nov. 05, 2021 (GLOBE NEWSWIRE) -- The Investor Summit Group, widely recognized for its reputation as the host of North America's largest independent investor conferences, will be hosting the upcoming Q4 Virtual Summit on November 16-17. The event will bring together some of the continent's most exciting and influential small and micro-cap companies, providing presenting companies with the unique opportunity to meet and interact with leading investors. This year's Q4 Virtual Summit will feature a selection of more than 90 carefully curated companies drawn from a wide variety of sectors, including healthcare, financial, technology, crypto, energy, industrials, financials, and
ALBANY, NY, Nov. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ:SLNH), formerly Mechanical Technology, Inc., the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that its Board of Directors has declared the regular monthly dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The dividend will be payable on or about November 30, 2021, to holders of the Series A Preferred S
ALBANY, N.Y., Nov. 04, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has completed its official name change to Soluna Holdings, Inc. and new ticker symbol for its common stock to SLNH and SLNHP for its preferred stock. The ticker change is scheduled to become effective on November 4th. Michael Toporek, CEO of MTI, stated, "The closing of the Soluna transaction marks an accelera
Adds 300 MW Pipeline Under LOI; Monetizing Wasted Renewable Energy Production from Wind & Solar Farm Owners ALBANY, N.Y., Nov. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has completed the acquisition of Soluna Computing, Inc. ("SCI"), which now becomes a wholly-owned subsidiary of EcoChain. The combination allows SCI to more easily access capital and resources necess
ALBANY, NY, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has entered into a securities purchase agreement to sell $16.3 million of convertible notes to certain accredited investors. The notes will be convertible into shares of Mechanical Technology common stock at a price of $9.18 per share, which was based on a discount to the 5-day VWAP at October 20, 2021. The n
Project includes the first 22 modular data centers built and used at scale Albany, NY, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and Soluna Computing today announced that their first greenfield modular data center (MDC) project has been energized. The project, which includes 22 buildings, began energizing on September 30, 2021, and will reach full capacity of 25 megawatts (MW) in November 2021, a month ahead of schedule. The project uses Soluna's proprietary design for MDCs to mine cr
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10-Q - Soluna Holdings, Inc (0000064463) (Filer)
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8-K - MECHANICAL TECHNOLOGY INC (0000064463) (Filer)
PRER14A - MECHANICAL TECHNOLOGY INC (0000064463) (Filer)
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ALBANY, NY, Sept. 29, 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 the appointment of Mary O'Reilly as Chief People Officer. The Chief People Officer will be defining and executing on people strategies and operating systems for MTI business lines to successfully scale and meet its business objectives. In this competitive technology job market, the CPO will drive the company's culture and programs to ensure it is getting the right people and developing the best operating process
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ALBANY, NY, Nov. 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ:SLNH), formerly Mechanical Technology, Inc., the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that its Board of Directors has declared the regular monthly dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The dividend will be payable on or about November 30, 2021, to holders of the Series A Preferred S
Adds 300 MW Pipeline Under LOI; Monetizing Wasted Renewable Energy Production from Wind & Solar Farm Owners ALBANY, N.Y., Nov. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that it has completed the acquisition of Soluna Computing, Inc. ("SCI"), which now becomes a wholly-owned subsidiary of EcoChain. The combination allows SCI to more easily access capital and resources necess
ALBANY, N.Y., Oct. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that its Board of Directors has declared the regular monthly dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The dividend will be payable on or about October 31, 2021, to holders of the Series A Preferred Stock of record as of th
ALBANY, NY, Aug. 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced that its Board of Directors has declared an initial dividend on its shares of 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"). The dividend will be payable on September 30, 2021, to holders of the Series A Preferred Stock of record as of the close of busines
Approved for listing on the Nasdaq Stock Market LLC under the symbol "MKTYP" ALBANY, NY, Aug. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, and MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business, today announced the start of trading of its Preferred Stock commencing today.The Series A Preferred Stock have been approved for listing on the Nasdaq Stock Market LLC under the symbol "MKTYP". The Series A Preferred Stock is perpetual and has no maturity
NEW YORK,, Aug. 12, 2021 /PRNewswire/ -- Mechanical Technology Inc (NASDAQ:MKTY) released its 2021 Q2 financials this week, capping off a strong quarter on both the revenue and production sides. Total revenue was reported at $3.3 million, up 35% from the previous quarter. Cryptocurrency revenue through the Company's EcoChain division, was $1.6 million. Cash on hand was $12.1 million after a $15 million equity offering, a significant increase from the $2.7 million reported end of Q1. The additional purchase power opened up an opportunity for MTI to take advantage of crypto market disruptions in China by purchasing dormant S19s at a discounted price. The power density of these chips increases
Combined Company Will Monetize Wasted Renewable Energy Production from Wind & Solar Farm Owners ALBANY, N.Y., Aug. 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated ("MTI"), (NASDAQ:MKTY), today announced that it and its wholly-owned subsidiary EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, have entered into agreements for EcoChain to acquire Soluna Computing, Inc. ("SCI" or "Soluna"). Upon closing of the transaction, SCI will become a wholly owned subsidiary of EcoChain (together, the "Combined Company.") The combination will allow SCI to more easily access the capital and resources necessary to scale its
ALBANY, N.Y., April 12, 2021 /PRNewswire/ -- 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 the acquisition of approximately 11.2 Petahash in SHA-256 Bitcoin miners and 235 Gigahash in Scrypt Litecoin miners for use by the Company and EcoChain in connection with the planned growth of MTI's cryptocurrency mining business. As of the close of business today, this capacity will be on-line and operational. Considerati
ALBANY, N.Y., March 31, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business and EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, announced today its fiscal year end 2020 financial results. Highlights: For the fiscal year ended 2020, net income was $1.9 million, which represents a year over year increase of approximately 500% over 2019. Product revenue for the year ended 2020 was $9.0 million, an increase of 37% over 2019, with corresponding product margins increasing by $2.0 million.