Partnership Advances Sustainable Bitcoin Mining
ALBANY, NY, May 10, 2023 – 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 client, we have successfully filled Project Dorothy 1A to its 25 MW capacity with long-term partners. As we ramp up operations in the coming weeks, we will show at scale the capabilities of our data centers co-located with a wind farm to advance the industry in a sustainable fashion.”
The 20 MW hosting deal is a two-year agreement at Soluna’s Project Dorothy, which is co-located with a renewable energy power plant.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
Contact Information
Sam Sova
Founder and CEO
SOVA
sam@teamsova.biz
