Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Soluna Steps Closer to Project Dorothy Revenue By: Soluna Holdings, Inc. via Business Wire January 23, 2023 at 08:00 AM EST Non-Dilutive Funding and Energization Plan in Motion 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 has reached an understanding with certain strategic parties and executed a non-binding Letter of Intent to raise sufficient capital to energize Dorothy 1A and 1B. Should the transactions close as contemplated, they would not require the Company to issue equity. The components of the transactions include a sale of a portion of the Company’s equity interests in Project Dorothy as well as a modest loan against the project. Project Dorothy, the Company’s 50 MW facility in Texas is rapidly proceeding to an energization date with its regulators as it moves to close these strategic transactions. Michael Toporek, CEO of Soluna Holdings, stated, “We continue to focus our efforts to energize Project Dorothy, our flagship project in Texas. Moving through the regulatory process has been a critical catalyst for us to now raise the appropriate financing to energize the site.” Project Dorothy is anticipated to be one of the lowest-cost facilities of its kind in North America. 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.’ For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings. View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005184/en/Contacts Sam Sova VP, Marketing and Investor Relations Soluna Computing, Inc. sam@soluna.io Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Soluna Steps Closer to Project Dorothy Revenue By: Soluna Holdings, Inc. via Business Wire January 23, 2023 at 08:00 AM EST Non-Dilutive Funding and Energization Plan in Motion 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 has reached an understanding with certain strategic parties and executed a non-binding Letter of Intent to raise sufficient capital to energize Dorothy 1A and 1B. Should the transactions close as contemplated, they would not require the Company to issue equity. The components of the transactions include a sale of a portion of the Company’s equity interests in Project Dorothy as well as a modest loan against the project. Project Dorothy, the Company’s 50 MW facility in Texas is rapidly proceeding to an energization date with its regulators as it moves to close these strategic transactions. Michael Toporek, CEO of Soluna Holdings, stated, “We continue to focus our efforts to energize Project Dorothy, our flagship project in Texas. Moving through the regulatory process has been a critical catalyst for us to now raise the appropriate financing to energize the site.” Project Dorothy is anticipated to be one of the lowest-cost facilities of its kind in North America. 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.’ For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings. View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005184/en/Contacts Sam Sova VP, Marketing and Investor Relations Soluna Computing, Inc. sam@soluna.io
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 has reached an understanding with certain strategic parties and executed a non-binding Letter of Intent to raise sufficient capital to energize Dorothy 1A and 1B. Should the transactions close as contemplated, they would not require the Company to issue equity. The components of the transactions include a sale of a portion of the Company’s equity interests in Project Dorothy as well as a modest loan against the project. Project Dorothy, the Company’s 50 MW facility in Texas is rapidly proceeding to an energization date with its regulators as it moves to close these strategic transactions. Michael Toporek, CEO of Soluna Holdings, stated, “We continue to focus our efforts to energize Project Dorothy, our flagship project in Texas. Moving through the regulatory process has been a critical catalyst for us to now raise the appropriate financing to energize the site.” Project Dorothy is anticipated to be one of the lowest-cost facilities of its kind in North America. 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.’ For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings. View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005184/en/
