Soluna Ventures into AI Hosting with Co-location Agreement

By: Soluna Holdings, Inc. via Business Wire

February 14, 2024 at 08:00 AM EST

Project Sophie will Host for a New GPU Startup Focusing on AI Market

Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today a groundbreaking co-location agreement with a GPU startup delivering specialized GPU services for AI computing. This strategic partnership marks a significant step forward in Soluna's mission to diversify its business into the sustainable AI arena.

The new customer for the AI hosting pilot has selected Project Sophie after a rigorous evaluation process, recognizing Soluna's commitment to sustainability and scale in AI-related data center operations. Under the terms of the agreement, Soluna Holdings will provide co-location services to the customer at Project Sophie, Soluna’s modular data center facility in Kentucky.

"We are thrilled to collaborate with an exciting new GPU startup focused on AI computing with this innovative co-location initiative," said John Belizaire, CEO of Soluna Holdings. "This partnership underscores our dedication to fostering sustainable growth and innovation in AI computing. We are excited to embark on this journey with them and look forward to supporting their growth and success!”

Soluna’s co-location service offering comes at a pivotal moment as the company prepares to launch its own AI Cloud business. Leveraging its expertise in renewable energy, data center operations, and strategic partnerships, Soluna is poised to provide AI customers with Renewable Computing at a fraction of the cost of traditional data centers.

About Soluna Holdings, Inc (SLNH)

Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.