Mechanical Technology: The Best Bitcoin Mining Investment

Kingdom Capital profile picture
Kingdom Capital
3.91K Followers

Summary

  • MKTY trades at a significant discount to every public cryptocurrency mining peer I have evaluated based on expected earnings growth and capacity.
  • MKTY has best-in-class power costs and uses green energy.
  • The recent announcement of a merger with Soluna Computing provides MKTY with a top-tier pipeline among public miners.
  • There are profitable pivots MKTY can make away from mining if we enter another crypto winter.
Golden Bitcoin on US dollar bills. Electronic money exchange concept
volody10/iStock via Getty Images

(Source: MKTY - Soluna merger presentation)

Introduction

Mechanical Technology (MKTY) was founded in 1961 as a developer and manufacturer of energy-efficient rotating machinery and instrumentation. In 2016, Brookstone Partners purchased ~39% of the common shares and Brookstone’s founder (Michael Toporek) subsequently assumed the role

This article was written by

Kingdom Capital profile picture
3.91K Followers
Deep value investor focused primarily on microcap stocks. Registered Investment Advisor located in Virginia.

Disclosure: I/we have a beneficial long position in the shares of MKTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (552)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.