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Soluna (NASDAQ: SLNH) is a developer of green data centers that convert excess renewable energy into global computing resources for batch-oriented computing-intensive processes such as cryptocurrency mining or machine learning.
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Soluna Acquires Remaining Stake in D1B for $8.8 Million, Pivots to AI Track
Odaily reports, Soluna Holdings, a Nasdaq-listed company primarily focused on crypto computing and artificial intelligence, announced it has acquired all remaining equity interests in the Dorothy 1B project for approximately $8.8 million, achieving 100% control of the project. Following the equity consolidation, the company will leverage its proprietary computing campus to enhance infrastructure deployment, accelerate the upgrade of its business structure, and expand into the fields of artificial intelligence and high-performance computing. (Businesswire)
Soluna Invests $16.5 Million to Acquire Dorothy 1A Project, Accelerating AI Computing Transformation
According to Businesswire, Soluna Holdings, a Nasdaq-listed company developing green data centers for compute-intensive applications such as Bitcoin mining and artificial intelligence, announced the acquisition of Spring Lane Capital’s equity stake in the AI computing campus project “Project Dorothy 1A” (D1A) for $16.5 million, thereby achieving 100% ownership of the project. Earlier this month, the company acquired the Briscoe Wind Farm for $53 million and is expected to accelerate its transformation into an integrated computing hub centered on AI computing.