Soluna Cloud Expands Funding For AI Business, Brining The Total To To $13.75M

7/17/24 8:02:39 AM ET

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Enhanced Financing to Accelerate Growth of Scalable, Sustainable Enterprise Computing Solutions

Soluna Holdings, Inc. ("SHI" or the "Company"), (NASDAQ:SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced its subsidiary, Soluna Cloud, has raised additional funding to increase its new credit facility by $1.25 million, bringing the total to $13.75 million for its AI business. The Company was advised in this follow-on round of financing by BitOoda Technologies and Imperial Capital.

This additional funding will be instrumental in advancing Soluna Cloud's growth initiatives, enabling the Company to continue its innovative approach to sustainable AI clouds and meet the increasing demand for renewable-energy-powered, high-performance computing solutions.

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Soluna Cloud Expands Funding For AI Business, Brining The Total To To $13.75M

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