Soluna

Soluna

Renewable-powered computing infrastructure

Overview

Soluna is a computing infrastructure company that develops data centers alongside renewable energy. The company uses flexible computing loads for cryptocurrency, batch processing, AI, and other data-center workloads near power generation. It serves renewable-energy developers, computing customers, investors, utilities, and infrastructure partners. Its operating model centers on project development and data-center operations coordinated across energy, engineering, finance, and computing. Teams work across energy development, electrical engineering, data-center operations, construction, finance, and technology. Projects depend on clear coordination between specialist teams, customer needs, and day-to-day operations.

About Soluna

Simplify's Rating
Why Soluna is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Healthcare

Consumer Goods

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Australia

Founded

2019

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Simplify's Take

What believers are saying

  • Galaxy moved 48 MW to Kati, creating Soluna's largest customer deployment.
  • Soluna added Kati 2 LOIs, a general contractor, and 2.8 GW pipeline momentum.
  • Q1 2026 revenue rose 58%, and cash plus restricted cash reached $86 million.

What critics are saying

  • UHY raised going-concern doubt in Soluna's March 2026 10-K, threatening survival.
  • Generate's 15% debt, first-priority liens, and covenants squeeze Soluna before September 2030.
  • Kati and Dorothy depend on scarce tenants; a failed fill-up crushes equity.

What makes Soluna unique

  • Soluna pairs wind and solar sites with flexible Bitcoin and AI compute infrastructure.
  • Project Kati's 166 MW campus targets dual-use hosting, with Galaxy Digital as anchor customer.
  • Generate Capital financing and Russell 3000 inclusion validate Soluna's niche renewable datacenter platform.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Life Insurance

Disability Insurance

Paid Vacation

Parental Leave

Company Equity

Professional Development Budget

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