Soluna Holdings Secures $20M Financing for Project Kati

Soluna Holdings ( (SLNH) ) has shared an announcement.

On June 11, 2025, Soluna Holdings announced a financing agreement with Spring Lane Capital for Project Kati 1A, securing at least $20 million to support the construction of a 35 MW phase of the project. This partnership marks a significant step in Soluna’s expansion of its Texas fleet for Bitcoin hosting, with construction set to begin in Q3 2025. The collaboration also includes an agreement to extend up to $100 million for Soluna’s data center pipeline, reflecting Spring Lane Capital’s ongoing support for Soluna’s mission to convert curtailed renewable energy into high-performance computing solutions.

Spark’s Take on SLNH Stock

According to Spark, TipRanks’ AI Analyst, SLNH is a Neutral.

Soluna Holdings’ stock score is primarily hindered by severe financial instability and a negative valuation basis. While there are positive developments in corporate events, such as project expansions and partnerships, the threat of Nasdaq delisting and bearish technical indicators contribute to a cautious outlook.

To see Spark’s full report on SLNH stock, click here.

More about Soluna Holdings

Soluna Holdings, Inc. is a developer of green data centers designed for intensive computing applications, such as Bitcoin mining and AI. The company focuses on transforming surplus renewable energy into global computing resources, co-locating its data centers with wind, solar, or hydroelectric power plants to provide sustainable computing solutions.

Average Trading Volume: 446,827

Technical Sentiment Signal: Sell

Current Market Cap: $9.43M

For detailed information about SLNH stock, go to TipRanks’ Stock Analysis page.