Soluna closes $20m funding from spring lane capital to begin construction on project kati 1

Albany, n.y.--(business wire)---- $slnh #slnh--soluna holdings, inc. (“soluna” or the “company”), (nasdaq: slnh), a developer of green data centers for intensive computing applications, including bitcoin mining and ai, today announced it has closed its latest round of financing from spring lane capital (“slc”) for a 35 megawatt (mw) expansion of project kati in texas with project kati 1. with these funds, soluna will commence project kati 1 construction in q3 2025, with the goal of achieving initial energizati.
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