WEST PALM BEACH, FL – August 8, 2025 – Soluna Holdings, Inc. (Nasdaq: SLNH) today announced the completion of its previously announced at-the-market offering, raising approximately $10.2 million in gross proceeds. The company intends to use the net proceeds for general corporate purposes, including the continued growth adn deployment of its energy-intensive computing infrastructure.
Soluna is focused on providing compute power for artificial intelligence and machine learning applications, leveraging renewable energy sources. the company operates data centers designed to utilize excess renewable energy, aiming to offer a sustainable and cost-effective solution for high-performance computing. Their facilities are strategically located to access abundant and low-cost renewable energy, primarily hydroelectric power.
The at-the-market offering, conducted through Jefferies, allowed Soluna to sell shares of its common stock directly into the public market. This flexible capital-raising method enables the company to respond to market conditions and raise funds as needed. The offering consisted of 12,750,000 shares of common stock sold at an average price of $0.80 per share.
Soluna’s business model centers around providing “green compute” – high-performance computing powered by renewable energy. This addresses the growing demand for sustainable computing solutions driven by the increasing energy consumption of AI and machine learning workloads. The company’s initial focus is on serving clients in the AI, rendering, and scientific research sectors.
Investors and interested parties are encouraged to stay informed through the following resources:
Website: solunacomputing.com
X (formerly Twitter): x.com/solunaholdings
YouTube: youtube.com/c/solunacomputing
Newsletter: bit.ly/solunasubscribe
Resource Center: solunacomputing.com/resources
Soluna emphasizes the importance of regularly consulting the investor relations section of its website for the latest updates and details.
Soluna Contact Information
Public Relations
West of Fairfax for Soluna
Soluna@westof.co
Source: Soluna Holdings, Inc.