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.
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