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<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="4">UNITED
STATES</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="4">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b>WASHINGTON,
D.C. 20549</b></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="4">FORM&nbsp;8-K</font></b></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">CURRENT
REPORT</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">PURSUANT
TO SECTION&nbsp;13 OR 15(d)</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">OF
THE SECURITIES EXCHANGE ACT OF 1934</font></b></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><font size="2">Date
of Report (Date of earliest event reported) </font><b><font size="2">February 26, 2021 (February 22,
2021)</font></b></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="5">MECHANICAL
TECHNOLOGY, INCORPORATED</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><font size="2">(Exact
name of registrant as specified in its charter)</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
	<tr>
		<td width="32%" valign=top style='width:32.0%;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>New
  York</b></p></td>
		<td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
  line-height:normal'>&nbsp;</p></td>
		<td width="32%" valign=top style='width:32.0%;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>000-06890</b></p></td>
		<td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
  line-height:normal'>&nbsp;</p></td>
		<td width="32%" valign=top style='width:32.0%;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>14-1462255</b></p></td>
	</tr>
	<tr>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">(State
  or other jurisdiction<br>of Incorporation)</font></p></td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
  line-height:normal'>&nbsp;</p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">(Commission<br>File Number)</font></p></td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
  line-height:normal'>&nbsp;</p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">(IRS
  Employer<br>Identification Number)</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
	<tr>
		<td width="50%" valign=top style='width:50.0%;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>325
  Washington Avenue Extension</b></p>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>Albany,
  New &nbsp;York</b></p></td>
		<td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="49%" valign=bottom style='width:49.0%;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b>12205</b></p></td>
	</tr>
	<tr>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">(Address
  of registrant's principal executive office)</font></p></td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">(Zip
  code)</font></p></td>
	</tr>
</table>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">&nbsp;</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">(518)
218-2550</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><font size="2">(Registrant's
telephone number, including area code)</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">N/A</font></b></p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><font size="2">(Former
name or former address, if changed since last report)</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
text-indent:.5in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2.
below): </font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
	<tr>
		<td width=0 valign=top style='width:.3pt;padding:0in 0in 0in 0in'></td>
		<td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Calibri",sans-serif;line-height:normal'>&#9744;</p>
		</td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
  normal'><font size="2">Written communications pursuant to Rule 425
  under the Securities Act (17 CFR 230.425)</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
	<tr>
		<td width=0 valign=top style='width:.3pt;padding:0in 0in 0in 0in'></td>
		<td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Calibri",sans-serif;line-height:normal'>
		&#9744;</p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
  normal'><font size="2">Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
	<tr>
		<td width=0 valign=top style='width:.3pt;padding:0in 0in 0in 0in'></td>
		<td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Calibri",sans-serif;line-height:normal'>
		&#9744;</p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
  normal'><font size="2">Pre-commencement communications pursuant to
  Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
	<tr>
		<td width=0 valign=top style='width:.3pt;padding:0in 0in 0in 0in'></td>
		<td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Calibri",sans-serif;line-height:normal'>
		&#9744;</p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
  normal'><font size="2">Pre-commencement communications pursuant to
  Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">&nbsp;Securities
registered pursuant to Section 12(b) of the Act:</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;background:white;border-collapse:collapse'>
	<tr>
		<td width="32%" valign=bottom style='width:32.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b><font size="2">Title
  of each class</font></b></p></td>
		<td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="34%" valign=bottom style='width:34.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b><font size="2">Trading symbol(s)</font></b></p></td>
		<td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="32%" valign=bottom style='width:32.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><b><font size="2">Name of each exchange on which<br>registered</font></b></p>
		</td>
	</tr>
	<tr>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">None</font></p></td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">N/A</font></p></td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=bottom style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:center;
  line-height:normal'><font size="2">N/A</font></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">Indicate
by check mark whether the registrant is an emerging growth company as defined
in Rule&nbsp;405 of the Securities Act of 1933 or Rule&nbsp;12b-2 of the
Securities Exchange Act of 1934.</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Calibri",sans-serif;text-indent:.5in;line-height:normal'>
<font face="Times New Roman" size="2">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>&#9745;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Calibri",sans-serif;text-align:justify;line-height:
normal'><font face="Times New Roman" size="2">If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Exchange Act.&nbsp;</font>&#9744;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p><font face="Times New Roman" size="2">
<hr><p style="page-break-after:always"></p></font>

<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=1440
 style='width:15.0in;border-collapse:collapse'>
	<tr>
		<td width=72 valign=top style='width:.75in;padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<b><font size="2">Item 1.01.</font></b></p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
  normal'><b><font size="2">Entry
  into a Material Definitive Agreement.</font></b></p></td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">On February 22, 2021, EcoChain Wind, LLC. (&quot;EcoChain&quot;), a
wholly-owned subsidiary of Mechanical Technology, Incorporated (the &quot;Company&quot;),
executed and entered into an Industrial Power Contract (the &quot;Agreement&quot;) with a
power providing cooperative, pursuant to which EcoChain will be provided with
electric power and energy for use in its cryptocurrency mining operations at
its green data center located in the Southeastern United States (the &quot;Facility&quot;).&nbsp;
The Agreement, and the electric power and energy to be provided to EcoChain,
pursuant thereto, will commence upon the completion of the Facility, which is
expected to occur on or around the third or fourth quarter of 2021, and will
continue for an initial term of five (5) years.&nbsp; The term of the Agreement will
automatically renew for an additional five (5) years, after the initial term,
unless EcoChain provides written notice, within 90 days after the expiration of
the initial term, of its termination of the Agreement.&nbsp; In the event of any
such renewal, either party would have the right to terminate the Agreement on
at least 16 month's prior written notice.&nbsp; </font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">EcoChain has agreed to pay the provider for the electric power and
energy provided in accordance with the applicable monthly rates, charges and
provisions agreed to from time to time between the power provider and the Tennessee
Valley Authority (&quot;TVA&quot;), which is subject to modification or adjustment, from
time to time, as agreed to between the power provider and the TVA.</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">We have omitted from the above-description of the Agreement
certain information relating to the identity of the other party to the
Agreement and the specific location of the Facility, as we believe that
providing such information, at this time, would likely cause competitive harm
to the Company and EcoChain if publicly disclosed.&nbsp; We intend to provide this
information and also file the Agreement as an exhibit in a future periodic
report filed with the Securities and Exchange Commission.</font></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:6.0pt;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:justify;line-height:
normal'>&nbsp;</p><font face="Times New Roman" size="2">
<hr><p style="page-break-after:always"></p></font>

<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:center;
line-height:normal'><b><font size="2">SIGNATURES</font></b></p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;text-align:center;
line-height:normal'>&nbsp;</p>
<p style='margin:0in; font-family:"Times New Roman";text-align:justify;line-height:
normal'><font size="2">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></p>
<p style='margin:0in; font-family:"Times New Roman";text-indent:.5in;line-height:normal'>
<font size="2">&nbsp;&nbsp;</font></p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
	<tr>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<font size="2">Date: February 26,
  2021</font></p></td>
		<td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<b><font size="2">MECHANICAL
  TECHNOLOGY, INCORPORATED</font></b></p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
	</tr>
	<tr>
		<td width="52%" valign=top style='width:52.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="1%" valign=top style='width:1.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="35%" valign=top style='width:35.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
	</tr>
	<tr>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<font size="2">By:</font></p></td>
		<td valign=top style='border:none;border-bottom:solid black 1.0pt;padding:
  0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<font size="2">/s/ Jessica L.
  Thomas</font></p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
	</tr>
	<tr>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<font size="2">Name: Jessica L.
  Thomas</font></p>
		<p style='margin:0in; font-family:"Times New Roman";line-height:normal'>
		<font size="2">Title: Chief Financial
  Officer</font></p></td>
		<td valign=top style='padding:0in 0in 0in 0in'>
		<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
		</td>
	</tr>
</table>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:6.0pt;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;margin-bottom:0in;line-height:normal'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:0in;font-family:"Calibri",sans-serif;'>&nbsp;</p>

</body>

</html>
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{"company-data": {"conformed-name": "MECHANICAL TECHNOLOGY INC", "cik": "0000064463", "assigned-sic": "3829", "irs-number": "141462255", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-06890", "film-number": "21688538"}, "business-address": {"street1": "325 WASHINGTON AVENUE EXTENSION", "city": "ALBANY", "state": "NY", "zip": "12205", "phone": "518-218-2500"}, "mail-address": {"street1": "325 WASHINGTON AVENUE EXTENSION", "city": "ALBANY", "state": "NY", "zip": "12205"}}
Prepared by EDGARX.com
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported)
February 26, 2021 (February 22,
2021)
MECHANICAL
TECHNOLOGY, INCORPORATED
(Exact
name of registrant as specified in its charter)
New
  York
000-06890
14-1462255
(State
  or other jurisdiction
of Incorporation)
(Commission
File Number)
(IRS
  Employer
Identification Number)
325
  Washington Avenue Extension
Albany,
  New  York
12205
(Address
  of registrant's principal executive office)
(Zip
  code)
(518)
218-2550
(Registrant's
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2.
below):
☐
Written communications pursuant to Rule 425
  under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to
  Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to
  Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
  of each class
Trading symbol(s)
Name of each exchange on which
registered
None
N/A
N/A
Indicate
by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the
Securities Exchange Act of 1934.
Emerging growth company
☑
If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Exchange Act.
☐
Item 1.01.
Entry
  into a Material Definitive Agreement.
On February 22, 2021, EcoChain Wind, LLC. ("EcoChain"), a
wholly-owned subsidiary of Mechanical Technology, Incorporated (the "Company"),
executed and entered into an Industrial Power Contract (the "Agreement") with a
power providing cooperative, pursuant to which EcoChain will be provided with
electric power and energy for use in its cryptocurrency mining operations at
its green data center located in the Southeastern United States (the "Facility"). 
The Agreement, and the electric power and energy to be provided to EcoChain,
pursuant thereto, will commence upon the completion of the Facility, which is
expected to occur on or around the third or fourth quarter of 2021, and will
continue for an initial term of five (5) years.  The term of the Agreement will
automatically renew for an additional five (5) years, after the initial term,
unless EcoChain provides written notice, within 90 days after the expiration of
the initial term, of its termination of the Agreement.  In the event of any
such renewal, either party would have the right to terminate the Agreement on
at least 16 month's prior written notice.
EcoChain has agreed to pay the provider for the electric power and
energy provided in accordance with the applicable monthly rates, charges and
provisions agreed to from time to time between the power provider and the Tennessee
Valley Authority ("TVA"), which is subject to modification or adjustment, from
time to time, as agreed to between the power provider and the TVA.
We have omitted from the above-description of the Agreement
certain information relating to the identity of the other party to the
Agreement and the specific location of the Facility, as we believe that
providing such information, at this time, would likely cause competitive harm
to the Company and EcoChain if publicly disclosed.  We intend to provide this
information and also file the Agreement as an exhibit in a future periodic
report filed with the Securities and Exchange Commission.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: February 26,
  2021
MECHANICAL
  TECHNOLOGY, INCORPORATED
By:
/s/ Jessica L.
  Thomas
Name: Jessica L.
  Thomas
Title: Chief Financial
  Officer