soluna

According to Businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, announced that it has reached a definitive agreement to issue 18,079,144 shares of common stock and corresponding Series C warrants at a price of $1.77 per share, raising approximately $32 million.The new funds will be used for operations, project equity investments, and general corporate purposes, including supporting high-performance computing applications such as Bitcoin mining and generative artificial intelligence.

ChainCatcher news, according to TheMinerMag, Bitcoin mining and AI data center developer Soluna announced a credit agreement with Generate Capital for up to $100 million, with an initial drawdown of $12.6 million and an annual interest rate of about 15%. The funds will be used for the refinancing and construction of the Project Dorothy data center in Texas.Soluna has previously secured over $30 million in financing from Galaxy Digital, Spring Lane Capital, and others.

ChainCatcher news, according to businesswire, data center developer Soluna Holdings, Inc. (NASDAQ: SLNH) today announced it has completed its latest round of financing, funded by Spring Lane Capital (SLC), to support the expansion of its Kati project in Texas to 35 megawatts, officially launching the Kati 1 project.With this financing, Soluna plans to start construction of the Kati 1 project in the third quarter of 2025 and aims to achieve initial power-on in the first quarter of 2026, gradually commencing operations. The new facility is designed to accommodate approximately 12,000 next-generation Bitcoin mining machines.

ChainCatcher news, well-known crypto analyst Miles Deutscher pointed out that the current DeFAI and AI agent track has become the market leader, marking the most obvious rotation since the meme coin market from 2023 to early 2024.He emphasized that the current market capitalization of the AI bubble is only one-ninth of the peak during the last bull market "SOLUNAVAX" (Solana, Luna, Avalanche), indicating that the AI market is far from over.Deutscher stated that the current AI market has greater potential compared to the meme coin market of 2023-2024, as it perfectly combines meme attributes (memeamentals) and fundamentals.

ChainCatcher news, encrypted mining data center Soluna Holdings has secured $14 million in funding from private data center development company Navitas Global to complete the development of the Texas Dorothy 1B project. The deal includes a $2 million loan to finish the construction of a 25 megawatt (MW) site, as well as a $12 million equity investment. Soluna will provide operational and maintenance expertise and will retain 51% ownership of the project. This transaction will help Soluna achieve positive cash flow in the second half of this year.As a result of this news, Soluna Holdings (SLNH) saw its stock price rise by about 12% yesterday. (source link)