Soluna Holdings, Inc. Announces Initial Funding from Spring Lane Capital
ALBANY, NY, Aug. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced the initial funding of up to
Michael Toporek, CEO of Soluna Holdings, Inc., said, “This initial funding from Spring Lane Capital enables us to begin the next phase of Soluna’s development pipeline. The Dorothy project provides a mature, repeatable model that we believe can be scaled to assist partner organizations, like the Electric Reliability Council of Texas (“ERCOT”), and Spring Lane Capital to come together to solve the problem of curtailed output.”
For more information on the Dorothy project, please visit HERE.
About Soluna Holdings, Inc.
Soluna Holdings, Inc. (Nasdaq: SLNH) 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 cryptocurrency 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
For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings.
Forward Looking Statements
The statements in this press release with respect to the initial funding of up to
Contact Information:
Chris Gandolfo
Financial Reporting Manager
Soluna Holdings
christopher@soluna.io
518 218 2565
Investor Relations
Brian M. Prenoveau, CFA
MZ Group – MZ North America
SLNH@mzgroup.us
561 489 5315