Nortech Systems Inc. signed a purchase agreement to acquire 58,000 square foot manufacturing facility in Mankato of Winland Electronics Inc. for $2.7 million.

Winland Holdings Corporation is a holding company. The Company operates through its wholly owned subsidiaries, which include Winland Electronics, Inc. (Winland Electronics), Winland Capital Corporation (Winland Capital Corp.), and Winland Mining LLC (Winland Mining). Winland Electronics is engaged in critical condition monitoring devices, which include EnviroAlert, WaterBug, and TempAlert that are designed in-house to monitor critical conditions and protect against loss of assets due to damage from water, excess humidity, extremes of temperature, and loss of power, among others, across industries. It also offers a critical environment monitoring solution called INSIGHT, an automated, cloud-based platform that provides early alerting, reporting, and logging services designed to ensure regulatory compliance. Winland Mining is the Company’s cryptocurrency mining business and operates over 200 Bitmain S19 95 TH/S and 32 Canaan Avalon Miner 1246 90 TH/S cryptocurrency miners.