1-Year Term Keeps Sophie at its 25 MW Hosting Capacity
ALBANY, N.Y.--(BUSINESS WIRE)--$SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today an 8.8 MW hosting contract with an industry leading Bitcoin miner at Soluna’s Project Sophie in Kentucky.
The 1-year arrangement is to host S19 and S19 Pros under a profit-sharing arrangement with the customer. This is part of a corporate plan for Project Sophie to further enhance profitability.
CEO of Soluna Holdings, John Belizaire commented, “Our new partner shares a vision for Bitcoin’s potential to advance and support a low-carbon future. We're thrilled to collaborate with industry leaders on a common mission.”
Soluna is preparing the site to begin phasing in the customer’s hardware over the next several weeks.
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About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
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