EcoChain announces land acquisition to build green data center

Feb. 1, 2021
EcoChain is focused on developing and operating ultra low-cost green data centers for the purpose of cryptocurrency mining.
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Blockchain Tumisu

EcoChain, Inc. of Albany, NY, a wholly owned subsidiary of publicly traded company Mechanical Technology, Inc., on Jan. 20 announced an agreement to acquire land to build a green data center. EcoChain is focused on developing and operating ultra low-cost green data centers for the purpose of cryptocurrency mining.

The company says its announcement of an agreement to acquire land is an important step in its plan to build an ultra low-cost green data center that will fulfill the company's goal of becoming an ultra-capital efficient data center operator. The company anticipates that the new data center site, which is located in the Southeast United States, represents a critical step in its strategic roadmap to grow its EcoChain business.

The company has set an objective to complete construction of a 25MW data center that will be operational in the fourth quarter of 2021, and expects the site to be the template for future greenfield and brownfield builds, with a keen focus on operating and capital efficiency.

"In cooperation with our technical partners at Soluna, MTI continues to build a robust pipeline of green powered ultra low-cost locations. Our pipeline incorporates a blend of greenfield, brownfield and ready-to-operate projects We are excited to be executing on our plan to build out at least 50MW by year's end," commented Michael Toporek, CEO of EcoChain, who added, "It was important for us to begin executing on our 2021 objectives early. Our team continues to work to meet or beat its targets."

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