Soluna Holdings, Inc.

Soluna Holdings, Inc. engages in the design, manufacture, and sale of test and measurement instruments and systems that use an array of technologies to solve complex, real-world applications in numerous industries including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive, and data storage. It also develops cryptocurrency mining facilities powered by renewable energy that integrate with the blockchain network. The firm operates through the following segments: Cryptocurrency Mining and Data Center Hosting. The Cryptocurrency Mining segment generates revenue from its mining activities. The Data Center Hosting segment operates a data center from the company's computing facility in Calvert City, Kentucky. The company was founded in 1961 and is headquartered in Albany, NY.

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ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced the purchase of 8,250 Bitmain Antminer S19s, S19j Pro and S19j Pro+ for its Project Dorothy 1B data center in Texas. The purchase is estimated to result in 860 PH/s of hashrate with an average efficiency of 29.9 J/TH, and at a cost of $11.25 $.

Soluna Bolsters Revenue Potential with Purchase of more than 8,250 Machines to Power Project Dorothy 1B

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today that it has successfully installed more than 14,600 Bitcoin mining machines at its Project Dorothy site in Texas and Project Sophie site in Kentucky. This execution for Soluna's customers comes within months after announcing the agreemen.

Soluna Installs more than 14,600 Bitcoin Mining Machines for Its Hosting Customers

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, reported financial results for the first quarter ended March 31, 2023. John Belizaire, CEO of Soluna Holdings, said, “Soluna has been busy the last few months. In the first quarter, we began our transition to a new business model, focused on monetizing our sites thr.

Soluna Holdings Reports Q1 Results

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today a $14 million investment partnership with Navitas Global (“Navitas”) for its Project Dorothy 1B data center in Texas. Navitas Global is a private data center development company that leverages years of experience and deep relationships in the bitcoin.

Soluna Secures Navitas Global as Investment Partner at Project Dorothy 1B

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced an agreement with the holders of its convertible notes to extend the maturity of the notes to July 25, 2024. As consideration for the extension, the Company agreed to pay an extension fee of $250,000, to increase the principal balance of the notes and to i.

Soluna Obtains 14 Month Extension on Convertible Notes

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today a 20 MW hosting agreement at the Company's Project Dorothy 1A data center in Texas. This now fills Project Dorothy 1A with 25 MW of hosting contracts. John Belizaire, CEO of Soluna Holdings, commented, “With the addition of our new strategic hosting.

Soluna's Project Dorothy 1A Reaches 25 MW Capacity with New Strategic Hosting Deal

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today the Soluna Board of Directors has voted in favor of John Belizaire becoming CEO of Soluna Holdings, Inc. in addition to his role as CEO of Soluna Computing, Inc. This appointment executes on the contents of the press release from Soluna March 20, 202.

Soluna Board of Directors Unanimously Votes John Belizaire as CEO of Soluna Holdings

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, has made the recording available for the April 27th, 2023 Water Tower Research Fireside Chat with John Belizaire, CEO of Soluna Computing, and incoming CEO of Soluna Holdings. The following topics were discussed: Project Dorothy 1A and 1B hosting, proprietary mining.

Soluna Computing CEO John Belizaire Participates in the Water Tower Research Fireside Chat Series

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today a 5 MW hosting contract with Compass Mining (“Compass”) at its Project Dorothy data center in Texas. Compass Mining is the world's first and largest online marketplace for Bitcoin mining hardware and hosting. Through its network of partners with mini.

Soluna Expands Hosting Business and Strikes Deal With Compass Mining at Project Dorothy

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced an agreement with the holders of its convertible notes to extend the maturity of the notes to May 25, 2023 while they negotiate the terms of a longer term extension. The long term extension discussions are currently under way and the Company will make an a.

Soluna Holdings, Inc. Extends Maturity of Convertible Notes

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today it has obtained final approval from ERCOT to energize Project Dorothy, its flagship data center in Texas, effective immediately.

ERCOT Grants Soluna Green Light to Energize Project Dorothy Data Center

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has accepted the resignation of its Chief Financial Officer, Philip Patman Jr., effective April 21, 2023. Mr. Patman is leaving to accept a similar position in his hometown of Houston, Texas.

Soluna Announces Resignation of Chief Financial Officer

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today a 25 MW hosting contract with an industry leading Bitcoin miner at Soluna's Project Sophie in Kentucky.

Soluna Inks 25 MW Hosting Deal with Leading Bitcoin Miner

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced final completion of its interconnection construction at the first phase of Project Dorothy, its flagship project in Texas.

Interconnection Completed at Soluna's Project Dorothy

Soluna Holdings, Inc. (NASDAQ: SLNH) announced that the final phase of its substation interconnection work has begun, which is expected to be done by the end of March 2023. The post Soluna Holdings Reveals Project Dorothy's Energization is Imminent appeared first on Pulse 2.0.

Soluna Holdings Reveals Project Dorothy's Energization is Imminent

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that the final phase of its substation interconnection work has begun, which is expected to be completed by the end of March, 2023. Following the completion of the substation work, final testing on all power infrastructure will commence.

Project Dorothy Energization Imminent

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that John Belizaire will be promoted to CEO of Soluna Holdings, Inc. in addition to his role as CEO of Soluna Computing, Inc. Belizaire is one of the founders of Soluna Computing, Inc. prior to its acquisition by Mechanical Technology, Inc.

Soluna Holdings to Appoint John Belizaire as CEO

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that its Convertible Noteholders have waived defaults as part of the March 10, 2023 closing of the $7.5 million financing for Project Dorothy.

Soluna Back in Good Standing with all Convertible Noteholders

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it completed the final tranche of a series of project-level agreements for $7.5 million of fresh capital to fund the Dorothy project and corporate expenses from funds managed by Spring Lane Capital (“SLC”). On February 10, 2023, $1.

Spring Lane Increases Project Dorothy Stake in Exchange for a Total of $7.5 Million

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has signed definitive agreements with key project and regulatory parties for its Texas-based Project Dorothy. These milestone agreements allow the project to complete its substation interconnect by March 24th.

Soluna Set to Energize Texas Project and Executes Power Purchase Agreements

ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced today that it has exited its Project Marie facility in Kentucky.

Soluna Sharpens Focus on Project Dorothy, Energization and Grid Connection Imminent

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, has draw-down $1.186 million as part of an agreement with certain strategic parties announced in late January to raise sufficient capital to energize the first 50 MW phase of Project Dorothy. This funding did not involve the sale of the Company's equity.

Soluna Closes Project-level Funding to Connect Project Dorothy to the Texas Grid

ALBANY, N.Y.--( BUSINESS WIRE )--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing has announced Project Dorothy, its 50 MW flagship green data center co-located at a wind farm in Texas, has passed the modeling phase in the ERCOT Large Flexible Load approval process. This moves the project into the operations phase and paves the way for Soluna to work with the regulatory authorities and key partners to set an energization date.

Soluna Set to Ramp Revenue – Approved for Final Phase to Energize Project Dorothy

ALBANY, N.Y.--( BUSINESS WIRE )--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing has reached an understanding with certain strategic parties and executed a non-binding Letter of Intent to raise sufficient capital to energize Dorothy 1A and 1B. Should the transactions close as contemplated, they would not require the Company to issue equity.

Soluna Steps Closer to Project Dorothy Revenue

ALBANY, N.Y.--( BUSINESS WIRE )--Soluna Holdings, Inc. (“SHI” or the “Company”) (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced Project Dorothy, its 50 MW flagship green data center project in Texas, has successfully exited the planning phase of the ERCOT Large Flexible Load approval process. The project has now moved into the modeling phase, clearing all major technical studies. This key regulatory milestone paves the way for a Production Load Forecast Date of approximately February 8, 2023, which is the earliest date Soluna understands ERCOT would permit the energization of the facility.

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