tiprankstipranks
Soluna Holdings Secures Funding for Texas Data Center Project
Company Announcements

Soluna Holdings Secures Funding for Texas Data Center Project

Don't Miss our Black Friday Offers:

Soluna Holdings, Inc. (SLNH) has provided an announcement.

On July 22, 2024, Soluna Holdings, Inc. successfully closed financing for the Dorothy 2 project, a new 48 MW modular data center in Texas, through a strategic partnership and capital contributions totaling approximately $34.5 million. The facility, which will handle activities ranging from cryptocurrency to batch processing, is poised for expansion with provisions for the developer to acquire up to 49% ownership. Additionally, the company earlier secured $1 million for equipment, repaid with an equity stake in the project. The official announcement came two days later, with details provided in a press release but not filed with the SEC.

Learn more about SLNH stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskSoluna Holdings Approves Stock Issuance and Plan Amendments
TipRanks Auto-Generated NewsdeskSoluna Holdings Reports Increased Revenue Amid Financial Challenges
TipRanks Auto-Generated NewsdeskSoluna Holdings Announces New Projects and Equity Agreement
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App