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Soluna to Expand Renewable-Powered AI & Bitcoin Computing With New 100MW Site

1. Soluna signed a term sheet for a 100MW data center with a renewable energy partner. 2. The project signifies growth in sustainable computing and Bitcoin mining capabilities.

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Why Bullish?

The partnership with a renewable energy company enhances SLNH's market viability and reputation. Past instances show similar collaborations have led to positive stock price reactions in the renewable space.

How important is it?

The article highlights a critical infrastructure development that enhances SLNH's operational capacity and sustainability, key factors for investors in this sector.

Why Long Term?

This project's infrastructure underpins future profitability in a growing sector, suggesting long-term positive impacts. Companies involved in sustainable practices typically see sustained appreciation in stock value.

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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, announced today that it has signed a term sheet for power for Project Ellen, a new 100MW data center co-located with a 145MW wind farm in South Texas. The wind farm is owned by a new power partner—a leader in renewable energy and sustainable infrastructure in the U.S. and internationally. This a.

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