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New Construction to Begin in Q2 2024, Expands Bitcoin Mining Capacity
Soluna Holdings, Inc. ("Soluna" or the "Company"), (NASDAQ:SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today financing from Spring Lane Capital ("SLC") for a 48 MW expansion of Soluna's flagship behind-the-meter data center, Project Dorothy, ("Dorothy 2") facility. SLC, a private equity firm providing hybrid project capital for sustainability solutions, has agreed to lead the financing round with a commitment of up to $30 million. SLC is also an investor in Project Dorothy 1 and supports Soluna's efforts to accelerate the convergence of renewable energy and high-performance computing.
Posted In: SLNH
