Microelectronics Technology Corporation Secures Bitcoin Mining Server Supplier
16 Aprile 2014 - 2:45PM
Marketwired
Microelectronics Technology Corporation Secures Bitcoin Mining
Server Supplier
MONARCH BAY, CA--(Marketwired - Apr 16, 2014) - Microelectronics
Technology Corporation (OTCBB: MELY) (OTCQB: MELY), is pleased to
announce the Company has
negotiated with a Bitcoin equipment supplier for the acquisition of
the 100 Th/s Bitcoin Mining servers.
The agreement calls for the initial delivery of three (1TH/s
servers) Bitcoin mining servers to the companies Dynamo server
co-location facilities for installation and testing.
Upon the determination of the performance abilities of the
servers and the power consumption profile has been established, the
company has agreed to take delivery of ten (1 TH/s servers) every
two weeks for the next twenty weeks.
Upon completion the company will have established the planned
first phase 100 TH/S BTC
Mining Center by September 1, 2014
The company anticipates the launch of its Bitcoin Mining pool
May 1, 2014.
The company will add the first 3 (1TH/S servers) Bitcoin Mining
Servers to the mining pool upon completion of the initial testing,
with the addition of 10 (1TH/s servers) every two weeks contingent
upon consistent delivery of the servers from our supplier.
The company will be operating this cyber currency mining center
in an open pool configuration allowing other miners to join the
pool for a proportional percentage share of the mining pool
production.
"The establishment of a consistent and reliable supplier of
Bitcoin mining servers is such a significant key to the company's
success that we have made the consistent supply as our first
priority," states company president Brett Everett. "The company is
very pleased with the supply negotiations to date and looks to take
delivery of the first three (1TH/s servers) within the next two
weeks."
The Company acquisition remains on schedule with the closing
date of April 18, 2014.
About Dynamo
Servers
The Dynamo Servers platform was built from the ground-up to
accommodate the needs of modern dedicated server customers, with
features that are unique to the market. A simplified pricing model
was applied to an expansive configuration system, allowing for
predictable pricing without the customization limitations or
penalties that are common among providers. An API was built to
allow for integration with custom software and 3rd-party services.
Social features were added to enable a dialogue among customers and
a level of transparency unheard of in the industry. As long-time
dedicated server customers, the people behind Dynamo Servers built
a platform that they would want to use themselves.
Dynamo Servers provide dedicated servers to clients through our
point of presence in Vancouver, Canada inside a carrier neutral
facility owned and operated by Cologix Inc.
www.dynamoservers.com
Forward-Looking Statements:
This news release includes forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. While these statements are made to
convey Company progress, business opportunities and growth
prospects, readers are cautioned that such forward-looking
statements represent management's opinion. Whereas management
believes such representations to be true and accurate based on
information and data available to the Company at this time, actual
results may differ materially and are subject to risk and
uncertainties. Factors that may cause actual results to differ
include without limitation: dependence on key personnel and
suppliers; MELY's ability to commercialize its technology; ability
to defend intellectual property; material and component costs;
competition; economic conditions; consumer demand and product
acceptance, and availability of growth capital.
Additional considerations and risk factors are set forth in
reports filed on Form 8-K and 10-K with the SEC and other filings.
Readers are cautioned not to place undue reliance upon these
forward-looking statements; historical information is not an
indicator of future performance. The Company undertakes no
obligation to update publicly any forward-looking statements.
CONTACT: For further Information: Microelectronics Technology
Co. President: Mr. Brett Everett 1-949-436-9382
www.clouddatacorp.com www.melypk.com www.dynamoservers.com
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