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Soluna - Undisclosed
Overview
Funding Date
July 22, 2025
Financing amount
$20M
Valuation
--
Category
Subcategory
About Soluna - Undisclosed
On July 22, 2025, Soluna Holdings announced the closure of a $20 million financing round from Spring Lane Capital to fund a 35 MW expansion of Project Kati in Texas. This investment will enable Soluna to begin construction of Project Kati 1 in Q3 2025, with initial energization expected by Q1 2026.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2017 | 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.