Data center development company Soluna Holdings will raise approximately $32 million.
TL;DR
Soluna Holdings, a green data center developer, will raise about $32 million by issuing shares and warrants at $1.77 per share. The funds will support operations and investments in Bitcoin mining and AI projects.
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On December 6, according to Businesswire, Soluna Holdings, a US-listed company that develops green data centers for intensive computing applications such as Bitcoin mining and AI, announced that it has reached a definitive agreement to issue 18,079,144 ordinary shares and corresponding Series C warrants at a price of $1.77 per share, raising approximately $32 million in accordance with Nasdaq rules. The new funds will be used for operations, equity investments in projects, and general corporate purposes, including supporting high-performance computing applications such as Bitcoin mining and generative artificial intelligence.