EcoChain News & Resources
EcoChain announces hashrate target exceeded with September up 107% over August hashrate.
EcoChain reports continued execution with another strong month of growth as the cash contribution margin more than doubled and installed hashrate in August increased by 174%.
MTI announced the pricing of its upsized underwritten public offering of 720,000 shares of its 9.0% Series A Cumulative Perpetual Preferred Stock.
“I am thrilled to increase the size and scope of our company and this transaction puts us in an even stronger position to provide significant value for investors,” said Michael Toporek, Chief Executive Officer of MTI.
EcoChain ramp continues with expected August hashrate up 269% and MTI Instruments reports solid quarter and strong pipeline activity.
For the first quarter ended March 31, 2021, revenues were $2.3 million, a 47% increase of $700 thousand compared to $1.6 million in the prior year quarter.