Soluna

Soluna

Builds data centers using excess renewable energy

About Soluna

Simplify's Rating
Why Soluna is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

51-200

Company Stage

IPO

Headquarters

New York City, New York

Founded

2018

Overview

Soluna Computing provides a solution for renewable energy producers by building small data centers that utilize excess energy generated by power plants. These data centers serve as reliable customers for renewable energy, helping producers sell all the energy they generate, which maximizes their revenue and prevents waste. Soluna's data centers are designed to be fully green, scalable, and responsive to demand, making them ideal for consuming surplus energy from sources like wind and solar power. Unlike competitors, Soluna focuses specifically on creating a market for excess renewable energy, ensuring that producers can stabilize their income and meet investor expectations. The company's goal is to support renewable energy producers while providing a sustainable power source for data centers, creating a mutually beneficial relationship.

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Simplify's Take

What believers are saying

  • Growing demand for sustainable data centers boosts Soluna's market potential.
  • AI and machine learning demand increases need for Soluna's high-performance computing.
  • Decentralization in energy sector opens opportunities for Soluna's localized solutions.

What critics are saying

  • Increased competition from green data center developers may impact Soluna's market share.
  • Cryptocurrency market volatility could affect Soluna's Bitcoin mining revenue.
  • Supply chain issues may delay Soluna's data center construction, affecting agreements.

What makes Soluna unique

  • Soluna uses excess renewable energy for green data centers, reducing waste.
  • Soluna's data centers are scalable and quick to activate, meeting demand efficiently.
  • Soluna creates a market for excess energy, stabilizing income for renewable producers.

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Funding

Total Funding

$121.5M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Professional Development Budget

Company News

Pulse 2.0
Mar 19th, 2025
Soluna Holdings secures $5M loan financing

Soluna Holdings secured a $5 million loan from Galaxy Digital for its green data centers, including Bitcoin mining and AI. The five-year, secured loan highlights strong project cash flows and institutional financing appeal. Soluna can prepay the loan under certain conditions. CEO John Belizaire emphasized the non-dilutive nature of the funding, while Galaxy's Max Bareiss expressed confidence in Soluna's growth potential. Legal counsel was provided by Nixon Peabody and Orrick, Herrington & Sutcliffe LLP.

Soluna Computing
Mar 18th, 2025
Soluna Secures $5 Million in Non-Dilutive Debt Financing from Galaxy Digital

Soluna secures $5 million in non-dilutive debt financing from Galaxy Digital.

Data Center Dynamics
Mar 5th, 2025
Soluna acquires 60 acres in Texas for 187MW Bitcoin mining site

Soluna acquires 60 acres in Texas for 187MW Bitcoin mining site.

Stock Titan
Mar 4th, 2025
EDF Renewables North America and Masdar Sign Power Purchase Agreement with Soluna Holdings

Under the agreement, Soluna will purchase up to 166 megawatts (MW) of energy to power their new data center, Project Kati, which will be built near the wind project's substation in Willacy County, Texas.

Stock Titan
Jan 6th, 2025
Soluna Signs Deal with Atlas Cloud to Deliver Sustainable AI Video Processing

Soluna Holdings (NASDAQ: SLNH) has announced a new agreement with Atlas Cloud to provide sustainable AI computing services.

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