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Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
IPO
Headquarters
New York City, New York
Founded
2018
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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Total Funding
$121.5M
Above
Industry Average
Funded Over
2 Rounds
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
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 secures $5 million in non-dilutive debt financing from Galaxy Digital.
Soluna acquires 60 acres in Texas for 187MW Bitcoin mining site.
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.
Soluna Holdings (NASDAQ: SLNH) has announced a new agreement with Atlas Cloud to provide sustainable AI computing services.
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Industries
Industrial & Manufacturing
Energy
Company Size
51-200
Company Stage
IPO
Headquarters
New York City, New York
Founded
2018
Find jobs on Simplify and start your career today
Discover companies similar to Soluna