Item 8.01 Other Events.
On
Today's announcement of an agreement to acquire land is an important step in the Company's 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 site, which is located in the
We expect this site will be the template for future greenfield and brownfield site 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
years end," commented
Forward-Looking Statements
This Current Report on Form 8-K contain forward-looking statements.
Forward-looking statements include, but are not limited to, statements that
express the Company's intentions, beliefs, expectations, strategies, predictions
or any other statements related to the Company's future activities, or future
events or conditions. These statements are based on current expectations,
estimates and projections about the Company's business based, in part, on
assumptions made by its management. These statements are not guarantees of
future performances and involve risks, uncertainties and assumptions that are
difficult to predict. Therefore, actual outcomes and results may differ
materially from what is expressed or forecasted in the forward-looking
statements due to numerous factors, including those risks that may be included
in documents that the Company files from time to time with the
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