Deal Snapshot
Mechanical Technology Closes Acquisition of GigaWatt Assets
Friday 22 May 2020

US-based measurement instruments and systems maker Mechanical Technology, Inc's (OTC: MKTY) EcoChain, Inc subsidiary has closed its acquisition of the intellectual property of Giga Watt, Inc. and certain other property and rights of GigaWatt associated with GigaWatt's operation of a crypto-mining operation located in Washington State, the company said.

The acquisition was approved by the United States Bankruptcy Court for the Eastern District of Washington and was consummated by EcoChain on May 20, 2020.

Date Published: 22/05/2020