News at Mechanical Technology Incorporated (MTI)

MTI Announces Pricing of Upsized $18 Million Preferred Stock Offering

MTI announced the pricing of its upsized underwritten public offering of 720,000 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock.

Upon the closing of the transaction, MTI will gain access to all SCI assets, including its 300MW (megawatt) pipeline.

EcoChain ramp continues with expected August hashrate up 269% and MTI Instruments reports solid quarter and strong pipeline activity.

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