Soluna Secures New $25M Growth Capital Line
Soluna Holdings, Inc. (SLNH)
Company Research
Source: Business Wire
$10M Initial Draw to Repay Convertible Notes, Fund Data Center Projects ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, today announced that it has entered into a $25 million Standby Equity Purchase Agreement (“SEPA”) with a fund managed by Yorkville Advisors Global L.P (“Yorkville“).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909709160/en/(Graphic: Business Wire)The financing will enable Soluna to:Fund critical Soluna Cloud AI operations and data center development activities.Deploy additional capital into projects to significantly improve equity cash flows.Retire its existing Convertible Notes.Strengthen its balance sheet.“The convergence of renewable energy and computing is real. The energy demands of all forms of computing, including AI, are on the rise. With
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SLNH
News
- Soluna Announces Monthly Business UpdateBusiness Wire
- Soluna and Atlas Cloud Bring DeepSeek R1 to North America with Faster, Cost-Effective Inferencing [Yahoo! Finance]Yahoo! Finance
- Soluna and Atlas Cloud Bring DeepSeek R1 to North America with Faster, Cost-Effective InferencingBusiness Wire
- EDF Renewables North America and Masdar Sign Power Purchase Agreement with Soluna Holdings [Yahoo! Finance]Yahoo! Finance
- EDF Renewables North America and Masdar Sign Power Purchase Agreement with Soluna HoldingsBusiness Wire
SLNH
Sec Filings
- 3/11/25 - Form 8-K
- 3/5/25 - Form 8-K
- 2/25/25 - Form 8-K
- SLNH's page on the SEC website