ALBANY, N.Y. (PRWEB), January 17, 2020 – Mechanical Technology, Incorporated (“MTI” or “the Company”) (OTC Pink: MKTY), a leading provider of test and measurement instruments, announced the formation of a new wholly-owned subsidiary named EcoChain and its entry into the cryptocurrency and blockchain ecosystem.

The Company is forming a new business line focusing on cryptocurrency mining and in connection with that has entered into a long-term strategic relationship with Soluna Technologies, Ltd. (“Soluna”), a company focused on powering the blockchain economy with clean, low-cost renewable energy.  Soluna develops vertically integrated, utility-scale computing facilities focused on cryptocurrency mining and cutting-edge blockchain applications.

MTI’s EcoChain will join Soluna and a growing group of startups, including Hut8, Bitfarm, and Peter-Thiel-backed Layer 1, developing utility-scale computing infrastructure for the blockchain, powered by renewable energy.