{"id":502944,"date":"2021-06-10T17:33:22","date_gmt":"2021-06-10T21:33:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecochain-inc-reports-monthly-site-level-financials-as-it-continues-to-scale-up\/"},"modified":"2021-06-10T17:33:22","modified_gmt":"2021-06-10T21:33:22","slug":"ecochain-inc-reports-monthly-site-level-financials-as-it-continues-to-scale-up","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecochain-inc-reports-monthly-site-level-financials-as-it-continues-to-scale-up\/","title":{"rendered":"EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n ALBANY, N.Y.<\/span>, June 10, 2021<\/span> \/PRNewswire\/ —\u00a0EcoChain, Inc. (“EcoChain”)<\/b>,\u00a0a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced the release site level results by month through May.\u00a0 \u00a0\u00a0<\/p>\n

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\n \"MTI
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As previously communicated, EcoChain has released its site level financial flash, including revenue, adjusted cost of cryptocurrency revenue and contribution margin.\u00a0 <\/p>\n

\n Michael Toporek<\/span>, CEO of the Company commented “We are pleased to make this first monthly disclosure of EcoChain’s revenue and contribution margin by location. It is the first of what will now be regular releases of monthly results. We continue to disclose information that is consistent with our ethos of transparency and accountability to stockholders. We sincerely hope that investors find this information useful when reviewing our operating performance.”<\/p>\n

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