Soluna Signs $20 Million Financing Agreement with Spring Lane Capital

Soluna Holdings, a Nasdaq-listed company developing green data centers for intensive computing applications such as Bitcoin mining and artificial intelligence, has announced the signing of a $20 million financing agreement with private equity firm Spring Lane Capital. The funds will be used to launch its user data center initiative, Project Kati. It is reported that Spring Lane Capital has also entered into another agreement with Soluna to provide up to an additional $100 million in project-level capital for Soluna’s projects.