ALBANY, N.Y. - Soluna Holdings, Inc. (NASDAQ: SLNH), known for developing green data centers, has announced that its subsidiary, Soluna Cloud, has secured an additional $1.25 million in financing. This increase brings the company's credit facility to a total of $13.75 million, aimed at expanding its sustainable enterprise computing solutions, particularly in the AI sector.
The additional funds are expected to support growth initiatives for Soluna Cloud, enabling the company to further its work in renewable-energy-powered, high-performance computing solutions. This move comes as the demand for environmentally responsible computing continues to rise.
John Belizaire, CEO of Soluna Holdings, expressed gratitude towards the company's investors for their support and reiterated Soluna's commitment to delivering sustainable computing solutions to enterprises.
Soluna Holdings has been advised by BitOoda Technologies and Imperial Capital in this follow-on round of financing. The company focuses on leveraging surplus renewable energy for various high-performance computing applications, including Bitcoin mining and AI, through its strategically located data centers.
The company's proprietary software, MaestroOS™, is designed to support a greener grid while providing cost-effective and sustainable computing. Soluna Holdings is recognized for its efforts to combine AI with renewable energy to address the issue of wasted energy globally.
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