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Soluna Closes $20M Funding from Spring Lane Capital to Begin Construction on Project Kati 1

1. SLNH secures financing for a 35 MW expansion of Project Kati. 2. Construction of Project Kati 1 is set to commence in Q3 2025.

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FAQ

Why Bullish?

The financing indicates strong investor confidence, similar to previous funding rounds boosting SLNH's stock.

How important is it?

The expansion reflects strategic growth, increasing capacity and potential future revenues, making it significant for investors.

Why Long Term?

Projected growth from the expansion will take time, mirroring past project impacts on SLNH’s future earnings.

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BTCBITFSOSHUT8
ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, today announced it has closed its latest round of financing from Spring Lane Capital (“SLC”) for a 35 megawatt (MW) expansion of Project Kati in Texas with Project Kati 1. With these funds, Soluna will commence Project Kati 1 construction in Q3 2025, with the goal of achieving initial energizati.

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