Microelectronics Technology Corporation 100TH/s Server Order Update
June 25 2014 - 2:10PM
Marketwired
Microelectronics Technology Corporation 100TH/s Server Order Update
MONARCH BAY, CA--(Marketwired - Jun 25, 2014) - Microelectronics
Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY)
previously announced it had ordered one hundred, 1TH/s BTC mining
servers. The Company is pleased to announce it has received all one
hundred servers and is currently in the process of deploying a
portion of them to the data center in the Vancouver, Canada
area.
The company has also been building out its own data center in
Washington State which is anticipated to be operational July 11,
2014 or earlier. This facility, once completed and operational,
will allow for the company to expand up to five hundred (500) BTC
Mining Servers in one facility. Once this facility is operational
the company will then apply all 100TH/s BTC Mining to the company's
BTCpoolparty mining
pool. https://www.btcpoolparty.com/index.php
The company will be installing and testing all 100-1TH/s BTC
Servers during this time period to determine power consumption and
hash rate consistency. These 100 servers are reported by the
manufacturer to be 25% more power efficient than the previous
servers the company has currently online.
The company expects significant results from the BTC Pool Party
mining pool once the 100TH/s have been installed and are
operational.
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 info@melypk.com
www.melypk.com www.dynamoservers.com
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