Microelectronics Technology Corporation 100 Th/s Server Order
June 04 2014 - 6:15AM
Marketwired
Microelectronics Technology Corporation 100 Th/s Server Order
MONARCH BAY, CA--(Marketwired - Jun 4, 2014) - Microelectronics
Technology Corporation (OTC Pink: MELY) (PINKSHEETS: MELY), the
Company is pleased to
announce the company has ordered 100- 1 Th/s servers in a bulk
order.
The company has ordered
under a PO. And fully paid in advance for 100 - 1 TH/S BTC
Mining Servers.
Pursuant to the delivery schedule indicated by the supplier, the
company should receive the first shipment of servers in the third
week of June, with a series of deliveries each week until fulfilled
by months end. The company will provide shipping and receiving
updates as well as establish the mining servers on the BTC pool
party, mining pool as they become available.
The company expects significant results from the BTC Pool Party
mining pool once the 100TH/s have been installed and are
operational.
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.
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
info@melypk.com www.melypk.com www.dynamoservers.com
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