Microelectronics Technology Corporation Completes Acquisition of Bitcoin Cyber Currency Digital Mining Company
17 Aprile 2014 - 10:15PM
Marketwired
Microelectronics Technology Corporation Completes Acquisition of
Bitcoin Cyber Currency Digital Mining Company
MONARCH BAY, CA--(Marketwired - Apr 17, 2014) - Microelectronics
Technology Corporation (OTCQB: MELY), is pleased to announce the
Company has completed the documentation required for the
finalization of the acquisition of Digital Mining Corporation and
its digital mining assets.
Complete Acquisition details will be provided on form 8K yet to
be filed.
The acquisition includes the existing operational digital mining
servers and support software. The Digital Currency Mining servers
are currently being transitioned to the Dynamo Server co-location
facilities with the transition expected to be completed by months
end. This transition will allow for peak efficiency utilizing the
state of the art server facility and seamless expansion capability
Dynamo servers can provide.
Bitcoin Mining:
BTC
The company is in development of a 100 TH/s mining pool. The
company will be investing in the required hardware needed to
provide the targeted 100 TH/s rate over the period of six to eight
months. 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 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.
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.
About Dynamo Servers 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
For further Information: Microelectronics Technology Co.
President: Mr. Brett Everett 1-949-436-9382 www.melypk.com
www.dynamoservers.com
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