Soluna (SLNH) Has Begun Preparations at Project Sophie, Its First AI Hosting Deal. Provides Business Update.
Today the leading developer of green data centers, Soluna Holdings, (SLNH) provided a business update and its monthly operating metrics for February. One of its highlights mentions they have begun making preparations at Project Sophie, its first AI hosting deal. Other notable highlights include a new noteholder amendment that will increase fundraising flexibility and reinforce the balance sheet, Project Dorothy 1B had a strong month due to positive weather conditions and Project Kati is in the final stages of the commercial agreement on PPA. Shares of SLNH are currently trading up ~13% and the company is one of the top performers today in the PRISM NextGen Tech and AI Index.
Soluna Holdings, Inc. stands at the forefront of developing eco-friendly data centers, transforming surplus renewable energy into valuable global computing resources. Through its modular and scalable approach, Soluna constructs data centers optimized for intensive computational tasks like Bitcoin mining, AI, and machine learning. Offering a cost-efficient solution, Soluna replaces traditional methods such as battery storage or transmission lines. Leveraging innovative technology and deliberate design, Soluna addresses intricate real-world challenges effectively. With up to 30% of renewable energy potential going untapped, Soluna’s data centers empower owners of clean electricity assets to maximize their resources by enabling them to ‘Sell. Every. Megawatt.’
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