This document presents the design and analysis of a low power XNOR gate circuit using a hybrid sleep-stack (MTCMOS) technique. It begins with an introduction to the increasing importance of power reduction in integrated circuits due to device scaling. It then describes the MTCMOS technique, which uses high-Vt sleep transistors to cut off power in standby mode. The document goes on to present the design of a 2-transistor XNOR gate using MTCMOS. Simulation results on a 32nm technology platform show that this design achieves lower power consumption than conventional approaches.