Soluna Establishes Advisory Board, Taps AI and Data Center Leadership

By: Soluna Holdings, Inc. via Business Wire

November 06, 2023 at 08:00 AM EST

Appoints Former Head of Data Center Innovation at Google

Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today the formation of its new Advisory Board and the appointment of Daniel Golding, a former head of advanced engineering and data center innovation at Google. The Advisory Board has been formed to further accelerate the Company’s plan to offer its AI customers purpose-built facilities powered by renewable energy at ground breaking costs.

John Belizaire, CEO of Soluna Holdings, commented, “We recently launched Helix, an initiative to design an upgrade to our existing data center to address the needs of AI training workloads. Bringing on Daniel’s expertise with more than 30 years experience at companies like Google and Iron Mountain will accelerate Helix. The continual challenge in AI will be access to power, sustainability, physical space and compute availability. Soluna with its Helix program is on the path to solve this, and Daniel’s expertise will accelerate this mission. He will provide valuable advice to our Management Team and Board of Directors as we steer the ship to phase two of our strategic business plan. We expect to add more of the brightest minds in AI, data centers development, and renewable energy to our Advisory Board in the coming months.”

"The current view is AI workloads have to live in traditional data centers, but there are challenges with space, sustainability and the use of renewable power sources,” said Daniel Golding, Soluna Advisory Board Member. “Data centers are evolving and with the explosion of AI, sustainability is now an important imperative in the new wave of transformation. Soluna represents a novel approach to this new wave of innovation in data center design. I am honored to have the opportunity to help them shape the future of AI computing.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.

About Soluna Holdings, Inc (SLNH)

Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’