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Soluna Computing - Undisclosed
Overview
Funding Date
May 15, 2023
Financing amount
$14M
Valuation
--
Category
Subcategory
About Soluna Computing - Undisclosed
Soluna Computing hasraised $14 million investment partnership with Navitas Global for its Project Dorothy 1B data center in Texas. The deal includes a $2 million loan to complete construction and an $12 million equity investment. Soluna will provide operations and maintenance expertise and will remain an owner of 51% of Project Dorothy 1B. This partnership together with recent deals at Project Dorothy 1A and Project Sophie put the company on a trajectory to reach cash flow positive during the second half of 2023.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Unknown | -- | 1 | -- |
Founders & Team
John Belizaire
Company Profile / Project Introduction
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste.