Soluna Holdings has secured a scalable credit facility of up to $100 million from Generate Capital to enhance its green data center operations focused on sustainable computing applications.

Target Information

Soluna Holdings, Inc. (“Soluna” or the “Company”), listed on NASDAQ under the ticker SLNH, is a pioneering developer of environmentally sustainable data centers that cater to high-demand computing applications such as artificial intelligence (AI) and Bitcoin mining. The company aims to optimize the use of renewable energy by transforming curtailed and underutilized resources into computational power, highlighting its commitment to sustainability in the tech industry.

Soluna specializes in building modular data centers that strategically colocate with clean energy producers, contributing to a greener electric grid while offering cost-effective and sustainable infrastructure solutions to enterprises engaged in energy-intensive computing.

Industry Overview

The demand for digital infrastructure is surging globally, propelled by the rapid advancements in AI and cryptocurrency technologies. In the United States, the data center market is evolving with a strong focus on sustainability,